Figure A
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 |
|---|---|---|
| 0 | 100 | 100 |
| 1 | 99.999138 | 98.8860174 |
| 2 | 99.9060474 | 83.7870781 |
| 3 | 99.8414012 | 86.1978785 |
| 4 | 99.6284995 | 89.6771456 |
| 5 | 99.44749 | 90.6746384 |
| 6 | 99.2707902 | 91.6104147 |
| 7 | 99.0578886 | 92.3502411 |
| 8 | 98.8191284 | 92.9666345 |
| 9 | 98.4484899 | 93.2798457 |
| 10 | 98.0235485 | 93.1965284 |
| 11 | 97.3874293 | 93.5228544 |
| 12 | 96.7823404 | 94.0574735 |
| 13 | 96.0867467 | 94.55892 |
| 14 | 95.4489036 | 94.7224687 |
| 15 | 94.7731347 | 95.0163934 |
| 16 | 94.0732313 | 95.4082932 |
| 17 | 93.8301614 | 95.9004822 |
| 18 | 93.4629706 | 96.2838959 |
| 19 | 93.2173149 | 96.5994214 |
| 20 | 93.0457868 | 97.134812 |
| 21 | 92.9121845 | 97.6185149 |
| 22 | 92.6777341 | 98.0065574 |
| 23 | 92.68032 | 98.3490839 |
| 24 | 92.4924148 | |
| 25 | 92.4863812 | |
| 26 | 92.420011 | |
| 27 | 92.5398221 | |
| 28 | 92.6949731 | |
| 29 | 92.7923735 | |
| 30 | 92.8932216 | |
| 31 | 92.9682113 | |
| 32 | 93.0923321 | |
| 33 | 93.1854227 | |
| 34 | 93.3733278 | |
| 35 | 93.4896911 | |
| 36 | 93.5698524 | |
| 37 | 93.5931251 | |
| 38 | 93.8129224 | |
| 39 | 94.0353055 | |
| 40 | 94.3128534 | |
| 41 | 94.4473176 | |
| 42 | 94.6205696 | |
| 43 | 94.7714108 | |
| 44 | 94.907599 | |
| 45 | 95.1377396 | |
| 46 | 95.3006482 | |
| 47 | 95.4376982 | |
| 48 | 95.6264653 | |
| 49 | 95.9384912 | |
| 50 | 96.1634602 | |
| 51 | 96.373776 | |
| 52 | 96.4547993 | |
| 53 | 96.5582333 | |
| 54 | 96.6047787 | |
| 55 | 96.7504482 | |
| 56 | 96.8961178 | |
| 57 | 97.0495449 | |
| 58 | 97.2055579 | |
| 59 | 97.3572611 | |
| 60 | 97.5598193 | |
| 61 | 97.7399669 | |
| 62 | 97.9692456 | |
| 63 | 98.0985381 | |
| 64 | 98.2640325 | |
| 65 | 98.4596952 | |
| 66 | 98.636395 | |
| 67 | 98.7544821 | |
| 68 | 98.9492829 | |
| 69 | 99.1070197 | |
| 70 | 99.3052682 | |
| 71 | 99.5216177 | |
| 72 | 99.6009171 | |
| 73 | 99.7569301 | |
| 74 | 99.8905323 | |
| 75 | 100.102572 |
Source: EPI analysis of Bureau of Labor Statistics' Current Employment Statistics public data series.
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