U.S. Unemployment Falls to Pandemic Low

July 26, 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 26, 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. 

About the Author

Ratchet+Wrench Staff Reporters

The Ratchet+Wrench staff reporters have a combined two-plus decades of journalism and mechanical repair experience.

Sponsored Recommendations

Enhance your collision repair workflow with Autel’s IA900, a process-driven solution integrating precision alignment, bi-directional diagnostics, and ADAS calibration. Designed...
The Autel IA700 is a state-of-the-art and versatile wheel alignment pre-check and ADAS calibration system engineered for both in-shop and mobile applications...
Originally published by Modern Tire Dealer on Sep 4, 2024 | Written by Mike MangesTire dealers who aren't offering advanced driver assistance system (ADAS)
In this edition of Ask the Expert, Autel’s Stewart Peregrine and Eric Sponhaltz share valuable insights to help shops prepare for ADAS service, ensuring compliance, profitability...