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Economy in Brief

Dating The U.S. Recession's End
by Tom Moeller April 12, 2010

The Business Cycle Dating Committee at the National Bureau of Economic Research indicated that it's premature to call an end to the U.S. recession. Their latest communiqué can be found here.

Nevertheless, Haver Analytics has gone ahead and updated the business cycle shading in its charts, primarily for two reasons. We have chosen June 2009 as the end date for the recession: 1) The index of coincident economic indicators, which includes data covering nonfarm payrolls, industrial production, business sales and personal income, troughed in June. 2) Real GDP growth has been positive since 3Q '09 and likely was again positive last quarter. The 1Q data will be published later this month.

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