It’s official, we are in a recession. And we have been since December 2007.
Most people think that a recession is two quarters of negative growth. In the United States, at least, that’s not technically true. We are in a recession when the National Bureau of Economic Research (NBER) says we are.
A nongovernmental, nonprofit research consortium, the NBER uses a broad set of indicators to measure the health of the national economy. Their website is a great resource, with links to the data sets they use.
http://www.nber.org/releases/
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