The Coronavirus Economy

In April 2020, U.S. unemployment reached an all-time high, at 14.7%
43 states have record-high unemployment
In some states, as many as 1 in 4 people are out of work
On June 8, 2020, the National Bureau of Economic Research announced that the U.S. is officially in a recession

Some Economic Changes Are Here To Stay

Before the pandemic, 29% of college graduates worked from home
During the pandemic,
2 in 3 Americans work remotely
3 in 5 wish to continue after the pandemic
In March remote job listings grew by 769%

Home office tech sales are increasing

Chromebooks: +400%
Webcams: +179%
Monitors: +138%
Headsets: +134%
Keyboards: +64%

Online collaboration and video conferencing tools

Google Meet: 30X increase in daily users
G Suite: +1 million paying businesses
Zoom: +190 million daily users

Many companies realize the long term potential of remote work. Workers will have access to many jobs and companies will have access to many talented people.

Innovations Will Help The Post-COVID Economy

5G infrastructure is expected to grow by 2022 (new possibilities and opportunities for tech products)
Augmented and virtual reality are already very popular (and will continue to grow as more people stay home)
Innovations in telemedicine and medical tech help to combat the virus (Covid-19)
Increase in remote work and school will continue to grow demand for reliable, universal internet access

Many forecasters said they expect economic output to begin growing again in the third quarter (economic growth in early 2021)
Recovery Will Be Fueled By Remote Work