Economic Brief

2010

 

August 2010, No. 10-08

When Did the Recession End?

Renee Haltom

Although the National Bureau of Economic Research has not yet officially announced the end of the recession that started in December 2007, the data series commonly used to date recessions seem to preliminarily suggest that it ended in the middle of last year. However, certain areas of the economy, particularly employment and personal income, remain relatively sluggish.

Additional Resources

Hamilton, James. "Calling Recessions in Real Time." University of California-San Diego Working Paper, May 2010.

NBER's Recession Dating Procedure, National Bureau of Economic Research website.

Recession dates used in FRED database, Federal Reserve Bank of St. Louis website.

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