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The National Bureau of Economic Research dates recessions on a monthly basis back to 1854; according to their chronology, from 1854 to 1919, there were 16 cycles. The average recession lasted 22 months, and the average expansion 27. From 1919 to 1945, there were six cycles; recessions lasted an average 18 months and expansions for 35.
Following a mild recession in the early 1990s, the U.S. entered the second-longest period of economic expansion in its history. [1] Job growth remained weak at first, hampered by mass layoffs in defense-related industries following the end of the Cold War . [ 6 ]
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A new indicator says there's a 40% chance the US is in a recession that started as early as March. The measure builds on the Sahm rule, using job-vacancy data in addition to unemployment data.
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The inverted yield curve—a recession indicator with a decades-long track record of accuracy—has evolved beyond serving as a warning of a future downturn and now sways the economy, its creator ...
According to this definition, since World War II there were only four global recessions (in 1975, 1982, 1991 and 2009), all of them only lasting a year (although the 1991 recession would have lasted until 1993 if the IMF had used normal exchange rate weighted per‑capita real World GDP rather than the purchasing power parity weighted per ...
The term recession is being thrown around a lot. Here are the basics.