NBER, GDP and Jobs Recessions NBER, GDP and Jobs Recessions tag:www.deptofnumbers.com,2012-02-03:/recession 2012-02-03T09:24:11-08:00 I've suggested previously that contemporary recessions have distinct GDP and employment components defined by the peak to trough decline in each. I will be updating this page monthly to reflect the status of these components along with the official NBER defined recession.

GDP Recession

GDP fell 3.83% from peak to trough over the period from June 2008 through June 2009.

Chart of employment/jobs from 2005 through May 2011

Jobs Recession

Employment fell by 8,750,000 jobs peak to trough from January 2008 to February 2010.

Chart of real GDP from 2005 through May 2011

NBER, GDP & Jobs Recessions

The table enumerates the months of recession for the three different recession types as well as the union and intersection of GDP & jobs recessions.

Date NBER
Recession		 GDP
Recession		 Jobs
Recession		 Union GDP &
Jobs Recession		 Intersection GDP &
Jobs Recession
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009 • •
November 2009 • •
October 2009 • •
September 2009 • •
August 2009 • •
July 2009 • •
June 2009 • • • • •
May 2009 • • • • •
April 2009 • • • • •
March 2009 • • • • •
February 2009 • • • • •
January 2009 • • • • •
December 2008 • • • • •
November 2008 • • • • •
October 2008 • • • • •
September 2008 • • • • •
August 2008 • • • • •
July 2008 • • • • •
June 2008 • • • • •
May 2008 • • •
April 2008 • • •
March 2008 • • •
February 2008 • • •
January 2008 • • •
December 2007 • • •
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
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