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.

View the underlying data on epi.org.