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PrintSeptember 21, 2010
Graph for the Day for September 21, 2010
"At its [National Bureau of Economic Research] meeting, the committee determined that a trough in business activity occurred in the U.S. economy in June 2009. The trough marks the end of the recession that began in December 2007 and the beginning of an expansion. The recession lasted 18 months..." NBER, Sept. 20, 2010.
"Reports from the twelve Federal Reserve Districts suggested continued growth in national economic activity during the reporting period of mid-July through the end of August, but with widespread signs of a deceleration compared with preceding periods." Federal Reserve, September 8, 2010. [Emphasis added.]
Source: The Wall Street Journal.
Hoven's Index for September 21, 2010
Statistics of the Great Recession:
Real GDP growth, 4 quarters from NBER recession end: +2.98%
Job growth 14 months after NBER recession end: -0.25%
Unemployment rate change 14 months after NBER recession end: +0.1%
Industrial production growth over 14 months after NBER recession end: +9.00%
Same statistics from the 1981-82 recession:
Real GDP growth, 4 quarters from NBER recession end: +7.74%
Job growth 14 months after NBER recession end: +4.38%
Unemployment rate change 14 months after NBER recession end: -2.8%
Industrial production growth over 14 months after NBER recession end: +12.32%
Source: St. Louis Fed/FRED.
Graph of the Day Archive.
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