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NBER: The Recession Ended in June 2009
Business Cycle Dating Committee Announcement June 8, | NBER
Unemployment rate. NBER-dated recessions in gray. Source: Federal Reserve Bank of St. Business Cycle Dating Committee Announcements. Register for future Business Cycle announcements account log-in or creation required. The chronology identifies the dates of peaks and troughs that frame economic recessions and expansions. A recession is the period between a peak of economic activity and its subsequent trough, or lowest point.
National Bureau of Economic Research
The BCDC patiently assesses business cycle peaks and troughs. For example, they announced that the trough of the recession occurred in June only on September 20, —which is a lag of 15 months. The BCDC also emphasizes economywide economic indicators. Corporate profits will be reported in the second estimate of GDP, scheduled for release on November
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