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	US Recessions

	A US recession is defined as a significant decline in economic activity that is spread across the economy and lasts more than two quarters. There have been as many as 48 recessions in the United States dating back to the Articles of Confederation.


From 1929 \| 2027	List of Recessions in the United States	Today's Week

No	Central Bank	From	To	Duration	Time since prev recession	Peak Unemployment	GDP Decline
1	Great Depression	Agust 1929	March 1933	3 year 7 months	1 year 9 months	21.3% (1932) -24.9% (1933)	-26.7%
2	Recession of 1937-1938	May 1937	June 1938	1 Year 1 Month	4 Years 2 Months	17.8% -19.0% (1938)	-18.2
3	Recession of 1945	February 1945	October 1933	8 months	8 Years 8 Months	5.2% (1946)	-12.7%
4	Recession of 1949	November 1948	October 1949	11 Months	3 Years 1 Month	7.9% (October 1949)	-1.7%
5	Recession of 1953	July 1953	May 1954	10 Months	3 Yeras 9 Months	6.1% (September 1954)	-2.6%
6	Recession of 1958	August 1957	April 1958	8 Months	3 Years 3 Months	7.5% (July 1958)	-3.7%
7	Recession of 1960-1961	April 1960	February 1961	10 Months	2 Years	7.1% (May 1961)	-1.6%
8	Recession of 1969-1970	December 1969	November 1970	11 Months	8 Years 10 Moths	6.1% (December 1970)	-0.6%
9	Recession of 1973-1975	November 1973	March 1975	1 Year 4 Months	3 Years	9.0% (May 1975)	-3.2%
10	Recession of 1980	January 1980	July 1980	6 Months	4 Years 10 Months	7.8% (July 1980)	-2.2%
11	Recession of 1981-1982	July 1981	November 1982	1 Year 4 Months	1 Year	10.8% (November 1982)	-2.7%
12	Early Recession of 1990	July 1990	March 1991	8 Months	7 Years 8 Months	7.8% (June 1992)	-1.4%
13	Early Recession of 2000	March 2001	November 2001	8 Months	10 Years	6.3% (June 2003)	-0.3%
14	Great Recession	December 2007	June 2009	1 Year 6 Months	6 Year 1 Month	10.0% (October 2009)	-5.1%
15	COVID 19 Recession	February 2020	April 2020	2 Months	10 Years 8 Months	14.7% (April2020)	-19.2%


Definitions \| Explain	US Recessions	Today's Week

WHAT IS A US RECESSIONS

A US recession is defined as a significant decline in economic activity that is spread across the economy and lasts more than two quarters. The National Bureau of Economic Research (NBER) is the primary organization that determines the start and end of a recession. They use a wide range of economic indicators, including real GDP, real income, employment, industrial production, and wholesale-retail sales, to assess economic activity. Recessions are a natural part of the business cycle, and while they can be uncomfortable, they are a normal part of economic life.


Data \| Explain	US Recessions \| Economics	Today's Week


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DATA INFORMATION	US RECESSIONS
SOURCE	Bureau of Labor Statistics (BLS), U.S. Department of Labor.
WEB	www.bls.gov
FREQUENCY	Monthly
AVAILABILITY	Usually the first Friday day of the month
COVERAGE	Data are for the previous month. Data for June are released in July.
REVISIONS	Yes
IMPORTANCE	Employment - Very Important

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