The differences between these two sets of estimates were particularly evident in the recessions of 20-2009.Q: How does the committee weight employment in determining the dates of peaks and troughs? In the 2007-2009 recession, the central indicators–real GDP and real GDI–gave mixed signals about the peak date and a clear signal about the trough date.A: Most of the recessions identified by our procedures do consist of two or more quarters of declining real GDP, but not all of them.In 2001, for example, the recession did not include two consecutive quarters of decline in real GDP.We've seen men and women alike master the arts of ghosting and breadcrumbing ...and now there's a new term out for the dating scene: cushioning.
and that seems like a less than stellar remedy for issues in the love department.
The NBER business-cycle chronology considers economic activity, which grows along an upward trend.
As a result, the unemployment rate often rises before the peak of economic activity, when activity is still rising but below its normal trend rate of increase.
A: It's more accurate to say that a recession–the way we use the word–is a period of diminishing activity rather than diminished activity.
We identify a month when the economy reached a peak of activity and a later month when the economy reached a trough.