The NBER maintains that a recession began in August 1990 and lasted eight months.
The NBER says that the most recent recession started in January 2008 and lasted 18 months.
The NBER determined the recession, which began in December 2007, hit its trough in June 2009.
The NBER says that the US economic expansion lasted 73 months, from November 2001, before contracting.
Although a private sector body, the NBER has been dating the business cycle since 1929.
In June 2009, the month that the NBER says that the recession ended, this ratio was 59.4%.
The NBER looks at many factors, but for most Americans, recessions and recoveries come down to jobs.
According to the NBER, the next recession began in April 2001 ended 8 months later, in November 2001.
We have now completed 27 months of the Obama recovery, which the NBER says started in July 2009.
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This is 39% longer than the 11-month average duration reported by the NBER.
According to the National Bureau of Economic Research (NBER) there have been 33 recessions registered in the U.S. since 1854.
He recently wrote in a NBER paper entitled, The Impacts of the Affordable Care Act: How Reasonable Are the Projections?
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Yes, I know NBER declared the recession technically over in June, 2009, still the longest recession on record since the Depression.
That is a debate we ought to have (hopefully informed by evidence of the same high quality as the NBER study).
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The NBER's Business Cycle Dating Committee has determined that a peak in business activity occurred in the U.S. economy in March 2001.
From an employment point of view, the most recent downturn, which the NBER claims ended in June 2009, is still going strong.
Some groups, such as subscribers to NBER's Working Paper Series and residents of developing countries, can download the working paper for free.
How can the NBER declare an end to this Recession with unemployment at 9.7% when the Recession began with unemployment at 4.6%?
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The NBER usually won't even identify a recession until it is over.
Now, NBER is a scholarly group, very careful and precise, and not subject to political influence by the Obama administration or any other administration.
Their average duration as judged by the employment-population ratio has been 41.7 months, which is 268% longer than the 11.3-month average reported by the NBER.
In April of this year, NBER issued a statement saying it could not yet determine an end to the recession, 28 months after it began.
If one accepts the NBER's judgment that the recession began in December 2007, then the U.S. economy should stop contracting toward the end of 2009.
If we date recessions based upon this ratio, we get a much different picture of the past 20 years than the one painted by the NBER.
It is possible that on some July day, the NBER will say the U.S. entered a one-quarter recession in January 2007 and emerged in April 2008.
The National Bureau of Economic Research (NBER), which has the responsibility of dating recessions, says that we have been enjoying an economic recovery for two years now.
Now, if December 2007 was the start of the recession, as per NBER, then we are more than halfway through this nasty downturn if historical averages can predict.
In my opinion the Recession that was time-stamped by the Economic Bureau of Economic Research (NBER) to have begun in December 2007 has not ended and continues today.
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The Euro area equivalent of the NBER, the Centre for Economic Policy Research, also has a business cycle dating committee (full disclosure, I have recently joined this committee).
"The eight-week moving average of claims in early March 2001, the first month of the recession according to the NBER (National Bureau of Economic Research), was just 362, 000, " he said.
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