US Economic Periods
US Economic Periods includes ‘ups and downs’ in economic activities, defined in terms of periods of expansion or recession. It involves economic cycles with factors such as gross domestic product (GDP), interest rates, total employment, and consumer spending. These economic periods are a major focus of economic research and policy, but the exact causes of a cycle are highly debated among the different schools of economics, including the four stages of these cycles referred to as expansion, peak, contraction, and trough.
Oct 1945 – Nov 1948: 37 months with +5.2% Annual Employment Growth
Oct 1949 – July 1953: 45 months with +4.4% Annual Employment Growth
May 1954 – Aug 1957: 39 months with +2.5% Annual Employment Growth
April 1958 – April 1960: 24 months with +3.6% Annual Employment Growth
Feb 1961 – Dec 1969: 106 months with +3.3% Annual Employment Growth
Nov 1970 – Nov 1973 : 36 months with +3.4% Annual Employment Growth
Nov 1970 – Nov 1973: 58 months with +3.6% Annual Employment Growth
Jul 1980 – Jul 1981: 12 months with +2.0% Annual Employment Growth
Dec 1982 – July 1990: 92 months with +2.8% Annual Employment Growth
Mar 1991 – Mar 2001: 120 months with +2.0% Annual Employment Growth
Nov 2001 – Dec 2007: 73 months with +0.9% Annual Employment Growth
June 2009 – Feb 2020: 128 months with +1.1% Annual Employment Growth