Home » Hot off the Press » NBER: Recession Ended in June 2009
The National Bureau of Economic Research, which is tasked with dating business cycles, announced this morning that the recession ended in June 2009, making the 18-month downturn the longest recession since World War II.
NBER noted that, “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.”
The committee also determined that any future economic downturn would count as a new recession rather than a continuation of the recession that began in December 2007.
Nobody, to my knowledge, has ever accused Rep. Ilhan Omar...Read More
Perhaps it's a sop to the aging liberals who still...Read More
On Monday, May 25, 2020, George Floyd, a man with...Read More
A trio of things I've said, of which some of...Read More
The Christian story started very simply: a mother delivered her...Read More
For decades, the Democrats have depended on the overwhelming support...Read More