Dating for 4 months
The committee noted the contrast between the June trough date for the majority of the monthly indicators and the October trough date for real personal income less transfers.There were two reasons for selecting the earlier date.
CAMBRIDGE September 20, 2010 - The Business Cycle Dating Committee of the National Bureau of Economic Research met yesterday by conference call. The trough marks the end of the recession that began in December 2007 and the beginning of an expansion.The estimates of real GDP and GDI issued by the Bureau of Economic Analysis of the U. Department of Commerce are only available quarterly.