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Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

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Data: U.S. Census Bureau; Chart: Axios Visuals

The pandemic and lockdown significantly accelerated the rise of online commerce, compressing years of projected growth into a few months.

The big picture: Stuck at home for weeks on end, we turned to the internet and delivery to meet our consumer needs. That's been a boon for many tech companies, but it's not yet clear whether consumers will return to the real world once the pandemic ends.

By the numbers: Data released this week by the U.S. Census Bureau indicated that U.S. e-commerce retail sales for the second quarter of 2020 rose to $211.5 billion, up 31.8% from the first quarter and 44.5% from the same period last year.

  • E-commerce in the second quarter reached 16.1% of all retail sales, up from 11.8% in the previous quarter.
  • That means that as a share of total retail sales, e-commerce grew as much in three months as it had over the past five years combined.
  • In the U.K., which had a stricter lockdown than the U.S., e-commerce penetration was even greater.
  • The retailer Target experienced 195% year-on-year growth in its e-commerce sales in the second quarter, while Walmart nearly doubled its online sales.

What they're saying: "This was a time when the digital shopping shows what it is really capable of," Biju Dominic, chairman of FinalMile Consulting, said in a briefing on Thursday. "The question is whether this trend will continue after COVID."

The bottom line: Q2 2020 may be looked back upon as a lockdown aberration, but over the long run, more and more of our economic activity will migrate to the internet — just like the rest of our lives.

Go deeper

Nov 9, 2020 - Sports

How the coronavirus pandemic helped fuel 2020's golf boom

Illustration: Aïda Amer/Axios

With the Masters' first-ever November start just three days away, it's a great time to look back on 2020's golf boom.

Why it matters: Golf was a physical and mental safe haven for millions of Americans with cabin fever this year, and even moderate retention of the sport's newcomers could help buoy an entire industry for years to come.

U.S. cites Ukrainian oligarch for involvement "in significant corruption"

State Secretary Antony Blinken on Friday designated former Ukrainian public official Ihor Kolomoyskyy as an individual involved "in significant corruption."

Why it matters: The designation prohibits Kolomoysky and his immediate family from traveling to the U.S. and signals that the Biden administration will help Ukrainian President Volodymyr Zelensky in his fight against oligarchs and entrenched corruption. U.S. authorities view Kolomoyskyy as among the most powerful of the oligarchs.

U.S. economy added 379,000 jobs in February

Data: FRED; Chart: Axios Visuals

The economy added 379,000 jobs in February, while the unemployment rate dropped from 6.3% to 6.2%, the Labor Department said on Friday.

Why it matters: The first Biden-era jobs report shows hiring surged as coronavirus cases eased — though a full recovery remains far off. Economists expected the economy to add roughly 182,000 jobs last month, after adding a paltry 49,000 in January.

This story is breaking news. Please check back for updates.