We are Still in #Recession

Graph of unemployment rate from 1950 to today. Unemployment follows the business cycle
Unemployment rate. NBER-dated recessions in gray.
Source: Bureau of Labor Statistics via the Federal Reserve Bank of St. Louis.

The National Bureau’s Business Cycle Dating Committee maintains a chronology of US business cycles. The chronology identifies the dates of peaks and troughs that frame economic recessions and expansions. A recession is the period between a peak of economic activity and its subsequent trough, or lowest point. 

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