True: The Recovery Act jumpstarted the longest stretch of job growth in U.S. history.

By: Priyam Nayak
August 20 2020

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True: The Recovery Act jumpstarted the longest stretch of job growth in U.S. history.

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The Verdict True

The job growth phase began in February 2010 and continued uninterrupted until February 2020. It is the longest period of job growth since 1939.

Claim ID 238f5764
The job growth phase began in February 2010 and continued uninterrupted until February 2020. It is the longest period of job growth since 1939.The American Recovery and Reinvestment Act of 2009 was a stimulus package signed into law by former President Barack Obama in February 2009 to resuscitate the economy after the Great Recession. According to Total Nonfarm data from the U.S. Bureau of Labor Statistics, the job growth phase began in February 2010. The trend continued uninterrupted until February 2020, following which unemployment rates kept climbing because of the coronavirus pandemic. The BLS’s datasets date back to 1939, and this is the longest period of consecutive months of job growth. According to a report published by the Center on Budget and Policy Priorities, the pace of monthly job losses slowed dramatically soon after President Obama and Congress enacted the Recovery Act in February 2009. It stated, ‘the trend in job growth in 2010 was obscured by the rapid ramp-up and subsequent decline in government hiring for the 2010 census, but private employers added 18.0 million jobs to their payrolls in 94 consecutive months of job creation from March 2010 through December 2017, an average of 191,000 jobs a month. Total employment (private plus government) rose by 17.9 million (190,000 a month).’

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