blogs.wsj.com - 12/1/2008
—
Official recession watchers at the NBER said today that the U.S. is recession, and it began in December 2007. Here is the text of their statement. The Business Cycle Dating Committee of the National Bureau of Economic Research met by conference call on Friday, November 28. The committee ...
money.cnn.com - 12/1/2008
—
money.cnn.com —
NEW YORK (CNNMoney.com) -- The National Bureau of
Economic Research said Monday that the U.S. has been...
in a recession since December 2007, making official what most Americans have already believed about the state of the economy . The NBER is a private ...
(more)
It's official: U.S. in a recession since December 2007 - ...
money.cnn.com - 12/1/2008
—
money.cnn.com —
NEW YORK (CNNMoney.com) -- The National Bureau of
Economic Research said Monday that the U.S. has been...
in a recession since December 2007, making official what most Americans have already believed about the state of the economy . The NBER is a private ...
(more)
It's official: U.S. in a recession since December 2007 - ...
Comments
Blog Reactions
Official Announcement: U.S. In Recession Since December 2007
The Moderate Voice —
... takes a long time after the start of a recession to declare its start because of the need to look at final readings of various economic measures.
“The committee views the payroll employment measure, which is based on a large survey of employers, as the most reliable comprehensive estimate of employment,” said the group’s statement. “This series reached a peak in December 2007 and has declined every month since then.”
The full text of the NBER is HERE.
The Recession is Real
The Page by Mark Halperin —
... confirms what most people already suspected-- the U.S. economy is in a recession, and has been for the last year. ...
Recession Began a Year Ago
Taegan Goddard's Political Wire —
Despite the insistence of some presidential candidates that the American economy wasn't in a recession, the Wall Street Journal reports the official declaration is that the recession actually started in December 2007. ...
Related: it's official: recession began in december '07, nber
NBER: U.S. economy in recession since December 2007.
thinkprogress.org 12/1/2008 — The National Bureau of Economic Research (NBER) announced today that the U.S. economy has been in recession since December 2007 . NBER’s Business Cycle Dating Committee — “which maintains a chronology of the beginning and ending ...
Official —
Matthew Yglesias
Pretty much everyone, including me , referred to the recession as having been “officially” called yesterday when the National Bureau of Economic Research ’s Business Cycle Dating Committee decided that the recession began in December 2007. This raises the point that despite ...
NBER generally gets it right —
Angry Bear
Brad DeLong suggested a bit before the U.S. election that there was virtually no non-political reason for NBER not to admit the United States was in a recession .* A little late, but they generally got it right. As Floyd Norris notes : The National Bureau of Economic Research said today that the ...
It's official —
SCSUScholars
The recession began in December 2007 . A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators. A recession begins when the economy reaches a peak of ...
NBER: December 2007 Peak in Economic Activity —
Calculated Risk
The National Bureau of Economic Research (NBER) has decided economic activity peaked last year and that December 2007 marks the beginning of the current U.S. recession. That means all my charts (with the recession starting in Dec '07) are correct. From NBER: Determination of the December 2007 ...
Follow BeltwayBlips on Twitter
