U.S. Unemployment Falls to Pandemic Low

July 21, 2021
The number of Americans applying for unemployment fell to 360,000 last week, the lowest level since COVID-19 was declared a global pandemic in March 2020.

July 21, 2021—The number of Americans applying for unemployment fell to 360,000 last week, the lowest level since the COVID-19 virus was declared a global pandemic in March 2020.

A report from the U.S. Labor Department showed jobless claims fell by 26,000, according to a report from the Associated Press. The steady decline from a high mark of 900,000 in January shows both the economy and job market are "quickly rebounding from the pandemic recession."

Several economists have predicted, with how quickly the nation is recovering, the economy will expand this year "by roughly 7 percent," which would be the largest single-year boom since 1984. 

Sponsored Recommendations

How one auto shop was able to order 20% more parts

Learn how one auto shop talks about the benefit of using PartsTech in their shop.

Vehicle Inspection Checklist For Auto Shops

Vehicle inspections, whether digital or on paper, are crucial for auto shops, ensuring thorough assessments and fostering trust by transparently revealing a vehicle's condition...

6 Reasons Why A Digital Vehicle Inspection Is A Must-Have

In an era of growing technology and innovation, auto repair shops must keep pace with the latest advancements to meet customers preferences and remain competitive.

How Your Auto Shop Can Now Connect To 30 Tire Suppliers For Free

Yep! We have over 50 tire suppliers in our network. And PartsTech is the only platform where you can access more than 30 of those suppliers FREE OF CHARGE.