The basis for this decision was the length and strength of the recovery to date.
Determining the occurrence of pre-20th-century recessions is more difficult due to the dearth of economic statistics, so scholars rely on historical accounts of economic activity, such as contemporary newspapers or business ledgers.Q: How do the movements of unemployment claims inform the Bureau’s thinking? Q: Does the NBER identify depressions as well as recessions in its chronology?Q: Does the concept of a double-dip recession exist in the NBER’s business cycle chronology?The designation of a recession is the province of a committee of experts at the National Bureau of Economic Research (NBER), a private non-profit research organization that focuses on understanding the U. Therefore, while negative GDP growth and recessions closely track each other, the consideration by the NBER of the monthly indicators, especially employment, means that the identification of a recession with two consecutive quarters of negative GDP growth does not always hold.For information on recession, or business-cycle, dating, see: | We won't be able to contact you if it is incorrect. | This helps stop malicious programs from using this site to generate SPAM email.