Why it matters: After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.
The Trump administration put in place restrictions on U.S. technology exports to China's biggest chipmaker, Semiconductor Manufacturing International Corp., the WSJ reported Saturday.
Why it matters: The curbs are the latest restrictions issued by the Trump administration to limit China's efforts to compete in advanced technology, per WSJ.
The pandemic closed hundreds of thousands of U.S. businesses. But now applications for new businesses are rising at the fastest rate since 2007, the Wall Street Journal reports.
Why it matters: "Applications for the employer identification numbers that entrepreneurs need to start a business have passed 3.2 million so far this year, compared with 2.7 million at the same point in 2019," according to the Census Bureau.
A new survey of hundreds of executives shows how the pandemic is altering the workforce of the future.
The big picture: The COVID-19 pandemic has thrown millions of people out of work, and the jobs that will emerge from the carnage won't be the same. While some fields may benefit, others risk being left further behind.
Community college enrollment for the summer dropped nearly 6% since last year, along with declines in Black and male student enrollment in colleges and universities overall, a report from the National Student Clearinghouse Research Center reveals.
Why it matters: Colleges need students to survive. The data show how the coronavirus pandemic could be affecting the fiscal health of higher education institutions, including demographic shakeups.