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What ls a Recession?
Chronology of Cyclical Peaks in Twenty Series
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_erage annual rate average bond financing Bureau of Economic Bureau of Labor business cycle peak Chapter chronology column component consumer price index countercyclical countries current dollars cycle trough cyclical decline deficit earnings Economic Research employed employment and unemployment employment ratio expansion exports factors Figure ﬂuctuations forecasts full-time equivalent gross national product growth cycle growth rate household survey inﬂation rate inﬂuence interest rates January July labor force Labor Statistics lagging indicators leading indicators Leads and Lags measure ment monthly months National Bureau NBER nomic November output Peak Trough Peak peaks and troughs percent percentage change period population price deﬂator profits rate of change rate of inﬂation real GNP recession recovery reﬂect rise seasonally adjusted Shiskin slowdown stock prices Table tion trend Trough Peak Trough unem unemployed unemployment rate unit labor costs United Kingdom wage West Germany wholesale price index wholesale prices