When recessions start and stop is subjective at best since all a recession is technically is two quarters of negative economic growth. Just because you have a two quarters with slowed growth followed by a quarter with very minor economic growth followed by two more quarters of slowed growth doesn't really mean the recession stopped except technically. Barack Obama has overseen the worst recovery from a recession in modern economic history because it's dragged on for so long. The average recession lasts something like six months to a year and a half...the Obama Recession has dragged on for almost eight years now.
It's been that bad because Barry really has no clue what he's doing when it comes to economics and gave up even trying years ago.
Imbecile.... the recession ended nearly 7 years ago...
http://www.nber.org/cycles.html
The NBER determines periods of recession -- not you.
What's idiotic is anyone who thinks a recession has really ended simply because you had a minor uptick during one quarter followed by more bad quarters. The Obama Recession did not end 7 years ago...it's still grinding along. If you want proof of it simply look at what the Fed has done with interest rates.
Again, because you're hard of reading. The NBER defines recessions, not you. Words have meaning even if you can't understand them. And a nobody like you does not get to define what a recession is.
So you like a little kid are intent on contending a GDP is up on 2/28/01 and then the next day 3/1/01 GDP down.
You like a little kid say the NBER says so, so it must be the employment was up on 2/28/01 then the next day employment goes down on 3/1/01.
It never works that way. Recessions aren't like a water faucet on/off. Water - no water. Recessions take a while of declines as this is what
The most common definition of a recession is two or more quarters of a shrinking economy; the nation's gross domestic product, the broadest measure of economic activity, fell 0.4 percent in the third quarter and many analysts said it is probably declining more sharply in the current quarter.
Econbrowser: The 2001 recession revisited:
In a recent post, Greg Mankiw cites Hamilton and Chauvet in support of his view that a good argument could be made that the recession of 2001
actually began in 2000.... As some readers may recall, the 2004 Economic Report of the President contained this box, which states:
The National Bureau of Economic Research (NBER) uses a variety of economic data to determine the dates of business-cycle peaks and troughs.... [T]he four data series that the NBER used to determine the timing of the recession have been revised....
=== Real personal income less transfers... peaked in October 2000.
=== Nonfarm payroll employment... peaked in February 2001.
=== Industrial production['s] peak came even earlier, in June 2000.
=== Manufacturing and trade sales... the most recent data show a peak in June 2000....
=== [M]onthly GDP reached a high point in February 2001....
The median date of the peak for the five series discussed here is October 2000....
The 2001 recession revisited | Econbrowser