Federal fiscal relief at the scale of the problem led to a faster recovery from the pandemic recession: Private-sector employment change since business cycle peak, December 2007 and February 2020
Months since peak | 2007 | 2020 |
---|---|---|
1 | 100.00 | 100 |
2 | 100.00 | 98.8860174 |
3 | 99.91 | 83.7870781 |
4 | 99.84 | 86.1978785 |
5 | 99.63 | 89.6771456 |
6 | 99.45 | 90.6746384 |
7 | 99.27 | 91.6104147 |
8 | 99.06 | 92.3502411 |
9 | 98.82 | 92.9666345 |
10 | 98.45 | 93.2798457 |
11 | 98.02 | 93.1965284 |
12 | 97.39 | 93.5228544 |
13 | 96.78 | 94.0574735 |
14 | 96.09 | 94.55892 |
15 | 95.45 | 94.7224687 |
16 | 94.77 | 95.0163934 |
17 | 94.07 | 95.4082932 |
18 | 93.83 | 95.9004822 |
19 | 93.46 | 96.2838959 |
20 | 93.22 | 96.5994214 |
21 | 93.05 | 97.134812 |
22 | 92.91 | 97.6185149 |
23 | 92.68 | 98.0513018 |
24 | 92.68 | 98.4308582 |
25 | 92.49 | 98.9739634 |
26 | 92.49 | 99.270974 |
27 | 92.42 | 99.5548698 |
28 | 92.54 | 99.8102218 |
29 | 92.69 | 100.077146 |
30 | 92.79 | 100.44513 |
31 | 92.89 | 100.682739 |
32 | 92.97 | |
33 | 93.09 | |
34 | 93.19 | |
35 | 93.37 | |
36 | 93.49 | |
37 | 93.57 | |
38 | 93.59 | |
39 | 93.81 | |
40 | 94.04 | |
41 | 94.31 | |
42 | 94.45 | |
43 | 94.62 | |
44 | 94.77 | |
45 | 94.91 | |
46 | 95.14 | |
47 | 95.30 | |
48 | 95.44 | |
49 | 95.63 | |
50 | 95.94 | |
51 | 96.16 | |
52 | 96.37 | |
53 | 96.45 | |
54 | 96.56 | |
55 | 96.60 | |
56 | 96.75 | |
57 | 96.90 | |
58 | 97.05 | |
59 | 97.21 | |
60 | 97.36 | |
61 | 97.56 | |
62 | 97.74 | |
63 | 97.97 | |
64 | 98.10 | |
65 | 98.26 | |
66 | 98.46 | |
67 | 98.64 | |
68 | 98.75 | |
69 | 98.95 | |
70 | 99.11 | |
71 | 99.31 | |
72 | 99.52 | |
73 | 99.60 | |
74 | 99.76 | |
75 | 99.89 | |
76 | 100.10 |
Source: EPI analysis of Bureau of Labor Statistics' Current Employment Statistics public data series.