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That was essentially the message from a brief statement released Monday by the National Bureau of Economic Research, the nonprofit group that officially certifies the start and end of U. Jeff Frankel NBER Recession dating committee member declared in his blog that recession is over in US on .The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community." Many of the American winners of the Nobel Prize in Economics were NBER Research Associates.Many of the Chairmen of the Council of Economic Advisers have also been NBER Research Associates, including the former NBER President and Harvard Professor, Martin Feldstein. Its first staff economist, director of research, and one of its founders was American economist Wesley Mitchell.A: The press was bound to find out that there had been an in-person meeting (as it did), and so the confusion created by issuing the statement was probably less than the confusion that would have been created by remaining mysteriously silent.

“Evidence other than the ambiguous movements of the quarterly product-side measure of domestic production confirmed that conclusion.

The Committee makes a separate determination of the calendar quarter of a peak or trough.

For this reason, we refer to a variety of monthly indicators to determine the months of peaks and troughs.

Previously the longest postwar recessions were those of 1973--82, both of which lasted 16 months.

The previous recession lasted from March 2001 through November 2001, but it wasn’t until November 2001 that the NBER pinpointed March 2001 as the beginning of the recession; and it wasn’t until July 2003 that it determined precisely when the recession had ended.




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