Figure
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 | 100.0 | 100.0 |
2 | 100.0 | 98.9 |
3 | 99.9 | 83.8 |
4 | 99.8 | 86.3 |
5 | 99.6 | 89.8 |
6 | 99.4 | 90.9 |
7 | 99.3 | 91.8 |
8 | 99.1 | 92.6 |
9 | 98.8 | 93.3 |
10 | 98.5 | 93.5 |
11 | 98.0 | 93.4 |
12 | 97.4 | 93.6 |
13 | 96.8 | 94.0 |
14 | 96.1 | 94.6 |
15 | 95.4 | 94.8 |
16 | 94.8 | 95.1 |
17 | 94.1 | 95.6 |
18 | 93.8 | 96.3 |
19 | 93.5 | 96.7 |
20 | 93.2 | 97.1 |
21 | 93.0 | 97.8 |
22 | 92.9 | 98.2 |
23 | 92.7 | 98.7 |
24 | 92.7 | 98.9 |
25 | 92.5 | 99.5 |
26 | 92.5 | 99.9 |
27 | 92.4 | 100.1 |
28 | 92.5 | 100.3 |
29 | 92.7 | 100.6 |
30 | 92.8 | 101.0 |
31 | 92.9 | 101.2 |
32 | 93.0 | 101.4 |
33 | 93.1 | 101.7 |
34 | 93.2 | 101.8 |
35 | 93.4 | 101.9 |
36 | 93.5 | 102.2 |
37 | 93.6 | 102.4 |
38 | 93.6 | 102.4 |
39 | 93.8 | 102.6 |
40 | 94.0 | 102.8 |
41 | 94.3 | 103.0 |
42 | 94.4 | 103.1 |
43 | 94.6 | 103.2 |
44 | 94.8 | 103.3 |
45 | 94.9 | 103.4 |
46 | 95.1 | 103.5 |
47 | 95.3 | 103.7 |
48 | 95.4 | 103.8 |
49 | 95.6 | 104.0 |
50 | 95.9 | 104.2 |
51 | 96.2 | 104.3 |
52 | 96.4 | 104.4 |
53 | 96.4 | 104.5 |
54 | 96.6 | 104.6 |
55 | 96.6 | 104.6 |
56 | 96.7 | 104.7 |
57 | 96.9 | 104.7 |
58 | 97.0 | |
59 | 97.2 | |
60 | 97.4 | |
61 | 97.6 | |
62 | 97.7 | |
63 | 98.0 | |
64 | 98.1 | |
65 | 98.3 | |
66 | 98.5 | |
67 | 98.6 | |
68 | 98.8 | |
69 | 99.0 | |
70 | 99.1 | |
71 | 99.3 | |
72 | 99.5 | |
73 | 99.6 | |
74 | 99.8 | |
75 | 99.9 | |
76 | 100.1 |
Source: EPI analysis of Bureau of Labor Statistics' Current Employment Statistics public data series.
This chart appears in:
- What to watch on jobs day: The economy is recovering fast because federal relief matched the scale of the crisis
- One year in, the American Rescue Plan has fueled a fast recovery: Policymakers should use remaining ARPA funds in 2022 to make transformative investments that will build a more equitable economy
- Jobs and unemployment
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