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Fell into a recession
- The United States officially fell into a recession in February, ending a historic 128-month expansion as the coronavirus swept the country and put the economy into a tailspin.
www.washingtonpost.com/business/2020/06/08/economy-recession-february/U.S. economy officially went into a recession in February ...
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When is the economy in a recession?
When did the US economy peak?
When does a recession start & end?
When is the peak of economic activity?
What happened to the US economy in February?
Why did February peak in 2020q1 & 2019q4?
The committee has determined that a peak in monthly economic activity occurred in the US economy in February 2020. The peak marks the end of the expansion that began in June 2009 and the beginning of a recession. The expansion lasted 128 months, the longest in the history of US business cycles dating back to 1854.
- Business Cycle Dating | NBER - National Bureau of Economic ...
According to the NBER chronology, the most recent peak...
- Business Cycle Dating Committee Announcement June 8, 2020
The committee has determined that a peak in monthly economic...
- Business Cycle Dating | NBER - National Bureau of Economic ...
Jun 8, 2020 · The sharp decline in economic activity in February marked the end of the longest expansion in the U.S. since at least 1854, according to the National Bureau of Economic Research.
- Jeanna Smialek
According to the NBER chronology, the most recent peak occurred in February 2020. The most recent trough occurred in April 2020. The NBER's definition emphasizes that a recession involves a significant decline in economic activity that is spread across the economy and lasts more than a few months.
- The Month of The Peak
- The Quarter of The Peak
- Further Comments
In determining the date of the monthly peak, the committee considers a number of indicators of employment and production. The committee normally views the payroll employment measure, which is based on a large survey of employers, as the most reliable comprehensive estimate of employment. This series reached a clear peak in February. The committee r...
In dating the quarterly peak, the committee relies on real GDP and real GDI as published by the BEA, and on quarterly averages of key monthly indicators. Quarterly real GDP and real GDI peaked in 2019Q4. The quarterly average of employment as measured by the payroll series rose from 2019Q4 to 2020Q1. However, the committee concluded that the specia...
The usual definition of a recession involves a decline in economic activity that lasts more than a few months. However, in deciding whether to identify a recession, the committee weighs the depth of the contraction, its duration, and whether economic activity declined broadly across the economy (the diffusion of the downturn). The committee recogni...
Jun 8, 2020 · The United States officially fell into a recession in February, ending a historic 128-month expansion as the coronavirus swept the country and put the economy into a tailspin.
Jun 8, 2020 · In making the declaration, the committee determined that a “clear peak in monthly economic activity” occurred in February. The peak in quarterly activity happened in the fourth quarter of 2019....
Jun 8, 2020 · The U.S. economy officially entered into a recession in February, the group that labels downturns announced Monday, ending the longest economic expansion on record.
