Illustration: Aïda Amer/Axios

The Justice Department's inspector general is remotely assessing federal prisons to determine whether the coronavirus is being properly mitigated, according to the watchdog's website.

The big picture: Federal and state prisons have acted as petri dishes for the virus in the U.S., as overcrowded and often unsanitary conditions can make social distancing and recommended hygiene nearly impossible for inmates.

Driving the news: Several state-run jails have released prisoners to fight the spread of the coronavirus. In contrast, one effort taken by the Bureau of Prisons to slow the spread is mandating that all inmates be "secured in their assigned cells" until May 18.

  • Chicago's Cook County jail — a state-run facility — is the largest-known source of coronavirus infections in the U.S., the New York Times reported last week.

What they're saying: “The Bureau of Prisons is working hard to prevent, contain, and mitigate the spread of this global pandemic in its correctional settings, and we look forward to the OIG’s assessment of these efforts,” Bureau spokesperson Justin Long told AP in a statement.

The bottom line: 446 federal inmates and 248 employees from the Bureau of Prisons have tested positive for COVID-19 as of Tuesday, and 14 inmates have died.

Go deeper: Coronavirus behind bars

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U.S. economy adds 1.8 million jobs in July

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. added 1.8 million jobs last month, while the unemployment rate fell to 10.2% from 11.1% in June, the Labor Department said on Friday.

Why it matters: The labor market continued to recover but the pace of job growth slowed significantly from June’s 4.8 million job gain, suggesting a stalled recovery as coronavirus cases surged and states pulled back on reopening plans.

43 mins ago - Sports

The pandemic's impact on how sports are played

Damian Lillard shoots a free throw during one of the NBA's restart games. Photo: Mike Ehrmann/Getty Images

Sports are back, and on the surface, the actual gameplay looks fairly similar to when we last saw them.

But beneath that facade of normalcy lie some interesting trends spurred on by fan-less environments, long layoffs and condensed schedules.

A soaring Nasdaq is just one slice of the buy-anything market

Illustration: Aïda Amer/Axios

The Nasdaq closed above 11,000 for the first time on Thursday, ending the session higher for the seventh time in a row and eighth session in nine. It has gained nearly 10% since July 1.

Why it matters: It's not just tech stocks that have rallied recently. Just about every asset class has jumped in the third quarter, including many that typically have negative or inverse correlations to each other.