Employment Fell More Rapidly Than During Prior Recessions
Payroll employment index, 47 months after start of recession, six most recent recessions
Month |
Recession period |
Nov 1973–Mar 1975 |
Jan 1980–Jul 1980 |
Jul 1981–Nov 1982 |
Jul 1990–Mar 1991 |
Mar 2001–Nov 2001 |
Dec 2007–Jun 2009 |
0 |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
1 |
100.2 |
100.1 |
100.0 |
99.8 |
99.8 |
100.0 |
2 |
100.3 |
100.2 |
99.9 |
99.7 |
99.8 |
100.0 |
3 |
100.4 |
100.1 |
99.8 |
99.6 |
99.7 |
99.9 |
4 |
100.5 |
99.6 |
99.5 |
99.5 |
99.6 |
99.7 |
5 |
100.6 |
99.2 |
99.2 |
99.4 |
99.4 |
99.6 |
6 |
100.8 |
98.9 |
98.9 |
99.3 |
99.3 |
99.5 |
7 |
100.9 |
99.2 |
98.9 |
99.0 |
99.0 |
99.3 |
8 |
100.9 |
99.3 |
98.7 |
98.9 |
98.8 |
99.1 |
9 |
100.9 |
99.7 |
98.4 |
98.7 |
98.7 |
98.8 |
10 |
100.9 |
99.9 |
98.4 |
98.6 |
98.6 |
98.4 |
11 |
100.9 |
100.1 |
98.1 |
98.6 |
98.4 |
97.9 |
12 |
100.4 |
100.3 |
97.7 |
98.6 |
98.4 |
97.4 |
13 |
99.7 |
100.3 |
97.6 |
98.6 |
98.4 |
96.8 |
14 |
99.2 |
100.4 |
97.4 |
98.6 |
98.4 |
96.3 |
15 |
98.7 |
100.5 |
97.1 |
98.7 |
98.4 |
95.7 |
16 |
98.4 |
100.5 |
96.9 |
98.6 |
98.3 |
95.2 |
17 |
98.1 |
100.8 |
96.9 |
98.6 |
98.3 |
94.9 |
18 |
98.3 |
100.9 |
97.1 |
98.7 |
98.3 |
94.6 |
19 |
98.2 |
100.8 |
97.1 |
98.6 |
98.4 |
94.3 |
20 |
98.5 |
100.7 |
97.3 |
98.7 |
98.4 |
94.2 |
21 |
99.0 |
100.6 |
97.6 |
98.8 |
98.2 |
94.0 |
22 |
99.1 |
100.4 |
97.9 |
98.9 |
98.3 |
93.9 |
23 |
99.5 |
100.1 |
98.3 |
99.0 |
98.2 |
93.8 |
24 |
99.7 |
99.7 |
98.7 |
99.0 |
98.0 |
93.7 |
25 |
100.1 |
99.7 |
98.4 |
99.2 |
98.0 |
93.7 |
26 |
100.8 |
99.6 |
99.6 |
99.2 |
98.0 |
93.7 |
27 |
101.2 |
99.3 |
99.9 |
99.4 |
98.0 |
93.8 |
28 |
101.5 |
99.2 |
100.3 |
99.5 |
98.0 |
94.0 |
29 |
101.8 |
99.0 |
100.7 |
99.7 |
98.0 |
94.4 |
30 |
101.8 |
98.6 |
101.2 |
100.0 |
98.1 |
94.2 |
31 |
101.9 |
98.4 |
101.7 |
100.2 |
98.2 |
94.2 |
32 |
102.1 |
98.2 |
102.0 |
100.1 |
98.2 |
94.2 |
33 |
102.3 |
97.9 |
102.4 |
100.4 |
98.3 |
94.1 |
34 |
102.5 |
97.8 |
102.7 |
100.6 |
98.4 |
94.3 |
35 |
102.6 |
97.7 |
103.1 |
100.8 |
98.5 |
94.4 |
36 |
103.0 |
98.0 |
103.5 |
101.1 |
98.7 |
94.5 |
37 |
103.3 |
97.9 |
103.7 |
101.2 |
98.9 |
94.5 |
38 |
103.6 |
98.1 |
104.1 |
101.4 |
99.1 |
94.7 |
39 |
104.0 |
98.4 |
104.4 |
101.7 |
99.2 |
94.9 |
40 |
104.5 |
98.7 |
104.8 |
101.9 |
99.2 |
95.1 |
41 |
104.9 |
99.1 |
104.9 |
102.2 |
99.3 |
95.1 |
42 |
105.4 |
99.6 |
105.2 |
102.5 |
99.4 |
95.2 |
43 |
105.9 |
99.2 |
105.3 |
102.6 |
99.7 |
95.2 |
44 |
106.3 |
100.5 |
105.7 |
103.1 |
99.8 |
95.3 |
45 |
106.6 |
100.8 |
105.9 |
103.4 |
99.9 |
95.4 |
46 |
107.2 |
101.2 |
106.2 |
103.7 |
100.0 |
95.5 |
47 |
107.6 |
101.6 |
106.4 |
104.0 |
100.1 |
95.6 |
Source: Current Population Survey | Chart