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02-Apr-2020 08:14

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Real personal income excluding transfer payments, payroll employment, industrial production, and real sales of goods at the factory, wholesale, and retail stages are the four monthly indicators used to determine turning points of business cycles.

The end of the last recession in November 2001 (the trough) was announced in July 2003.

All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.The committee waited an entire year to confirm before making the official announcement that a recession is underway because data are revised.

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The "how" and "what" and other questions of the identification process is the subject of today's comment.

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