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The native-born U.S. workforce began to shrink last year, and the entire projected growth between today and 2035 will be driven by immigration, according to a new analysis by the Pew Research Center.

Expand chart
Data: Pew Research Center; Chart: Andrew Witherspoon / Axios

Why it matters: To get a sense of how an economy with a shrinking workforce performs, look no further than Japan. The size of its workforce peaked in 1998, and it has suffered through six different recessions since, compared to the United States' two. Not only is it harder to produce more wealth with fewer people, but the incentive for corporations to invest in the future is reduced when they know they'll have fewer potential customers tomorrow than they have today.

Go deeper

Sep 22, 2021 - Health

Minority-serving institutions to help create pipeline for more diverse public health workforce

President Joe Biden speaks while meeting with Latino community leaders at the White House in early August. Photo: Shawn Thew/EPA/Bloomberg via Getty Images

Ten minority-serving higher-ed institutions will be awarded about $75 million to recruit and teach Black, Latino, Native American, AAPI and other students of color in public health professions to foster better representation in tackling future public health emergencies, the Biden administration will announce Wednesday.

Why it matters: Outdated technology infrastructure and messy data collection during the pandemic fueled misinformation and prevented real-time action for hardest-hit and highest-risk communities.

First-time homebuyers shrink as prices spike

Data: National Association of Realtors; Chart: Axios Visuals

Home sales cooled as prices continued to heat up in August.

Driving the news: The share of first-time existing homebuyers (29%) last month was the smallest in two years, according to new data from the National Association of Realtors.

Sep 22, 2021 - Axios Denver

Denver's gun-related injuries spiked in 2020, reflecting U.S. trend

Firearm bullets. Photo: Jason Connolly/AFP via Getty Images

Trauma cases from gunshot injuries rose sharply last year in Denver, mirroring a national trend, hospital officials tell Axios.

Why it matters: The findings reinforce data showing a surge in gun violence throughout the city.