Recession Ended In June 2009

|
September 20, 2010 6:46 a.m.

That’s the ruling by the official arbiter of these things, the National Bureau of Economic Research. After reviewing all of the revised and updated data, the NEBR concludes that the recession lasted from December 2007 to June 2009, making it the longest recession in the period since World War II. The NEBR cautions:

In determining that a trough occurred in June 2009, the committee did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity. Rather, the committee determined only that the recession ended and a recovery began in that month.

For its own analytical purposes, the NEBR would treat any economic downturn subsequent to June 2009 as a separate and unique event from the Great Recession.

Latest Edblog
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Senior Editor:
Special Projects Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front-End Developer:
Senior Designer:
SPECIAL DEAL FOR PAST TPM MEMBERS
40% OFF AN ANNUAL PRIME MEMBERSHIP
REJOIN FOR JUST $30