Business cycle dating committee recession 100 25 dating personals
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.
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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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