Nber business cycle dating procedure

Education Which organization determines whether the U. S.

The broadest monty indicator is employment in the entire economy.

The NBER’s Recession Dating Procedure

The committee generally also studies another monty indicator of economy-wide activity, personal income less transfer payments, in real terms, adjusted for price changes.


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In addition, the committee refers to two indicators with coverage of manufacturing and goods: (1) the volume of sales of the manufacturing and trade sectors stated in real terms, adjusted for price changes, and (2) industrial production.Because a recession influences the economy broadly and is not confined to one sector, the committee emphasizes economy-wide measures of economic activity.

NBER Business Cycle Dating Committee

Expansion is the normal state of the economy; most recessions are brief and they have been rare in recent decades.

Nber business cycle dating procedure:

Rating: 95 / 100

Overall: 90 Rates