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 99.99 98.9212355
3 99.90 83.7861004
4 99.82 86.223166
5 99.63 89.7397683
6 99.43 90.7760618
7 99.27 91.7281853
8 99.05 92.5413127
9 98.81 93.2138996
10 98.45 93.4841699
11 98.04 93.2849421
12 97.38 93.5814672
13 96.79 94.0162162
14 96.09 94.557529
15 95.44 94.7374517
16 94.75 95.1088803
17 94.08 95.5907336
18 93.82 96.1552124
19 93.45 96.6185328
20 93.21 97.0687259
21 93.04 97.7003861
22 92.90 98.1737452
23 92.69 98.5992278
24 92.68 98.8656371
25 92.50 99.5583012
26 92.49 99.8849421
27 92.42 100.059459
28 92.52 100.324324
29 92.69 100.619305
30 92.78 101
31 92.88 101.236293
32 92.96 101.501931
33 93.09 101.732819
34 93.17 101.90888
35 93.36 102.116602
36 93.49 102.458687
37 93.58
38 93.59
39 93.81
40 94.02
41 94.31
42 94.44
43 94.61
44 94.76
45 94.90
46 95.12
47 95.29
48 95.44
49 95.63
50 95.93
51 96.16
52 96.36
53 96.44
54 96.55
55 96.60
56 96.74
57 96.89
58 97.04
59 97.20
60 97.35
61 97.56
62 97.74
63 97.97
64 98.10
65 98.26
66 98.45
67 98.63
68 98.75
69 98.95
70 99.11
71 99.30
72 99.53
73 99.59
74 99.76
75 99.88
76 100.11

Source: EPI analysis of Bureau of Labor Statistics' Current Employment Statistics public data series.

View the underlying data on epi.org.