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.

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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.

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The pandemic real estate market

Illustration: Annelise Capossela/Axios

It's not just emotional buying, real estate agents say: There are smart and strategic reasons that Americans of all ages, races and incomes are moving away from urban centers.

Why it matters: Bidding wars, frantic plays for a big suburban house with a pool, buying a property sight unseen — they're all part of Americans' calculus that our lives and lifestyles have been permanently changed by coronavirus and that we'll need more space (indoors and out) for the long term.

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Coronavirus cases are falling, but don't get too comfortable

Data: The COVID Tracking Project, state health departments; Map: Andrew Witherspoon, Danielle Alberti, Sara Wise/Axios

America's coronavirus outbreak is slowing down after a summer of explosive growth.

By the numbers: The U.S. is averaging roughly 52,000 new cases per day — still a lot of cases, but about 10.5% fewer than it was averaging last week.

40 mins ago - Health

We're doing a lot less coronavirus testing

Data: The COVID Tracking Project; Chart: Andrew Witherspoon/Axios

The U.S. is cutting back on coronavirus testing. Nationally, the number of tests performed each day is about 17% lower than it was at the end of July, and testing is also declining in hard-hit states.

Why it matters: This big reduction in testing has helped clear away delays that undermined the response to the pandemic. But doing fewer tests can also undermine the response to the pandemic.