For some perspective on the Great Recession, the chart of the day (below) illustrates the duration of all US recessions since 1900. There are a couple points of interest.

Of the 22 recessions that occurred over the past 110 years, the most recent recession is tied for fifth in terms of duration. It is also worth noting that the recession just passed was above average in duration and the longest since the Great Depression.

Category: Data Analysis, Economy

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

8 Responses to “Historical Recession Duration”

  1. newulm55 says:

    Hahahahaha…. well the recession maybe over but we’re still in a depression! When the gov is borrowing 12% of gdp and .40 cent of every dollar budgeted they are just papering over the fact we are in a depression on the backs of future tax payers (well really defaulters b/c we can pay this back).

  2. willid3 says:

    did the 2001 recession ever really end? was it covered up with easy credit

  3. Cynic_FA says:

    Lots of confusion between “The Recession is Over” and “The Economy is recovering”. A recession is over when quarterly GDP is no longer negative. Normal recovery is 5% to 8% GDP growth for the year after the recession. With all the stimulus and the government give aways we are only experiencing 2% – 4% GDP growth for the past year.

    The Recession is over, no more negative GDP; but, this is not a recovery! Unless you are a Wall Street bonus recipient or selling $5 million condos in Manhattan to same.

  4. [...] The Great Recession was the longest since the Great Depression.  (Big Picture) [...]

  5. rktbrkr says:

    There were 3 separate recessions during the great depression it’s too early to declare victory for our current economy.

  6. rktbrkr says:

    End of stimulus programs to bring job losses.

    http://www.nytimes.com/2010/09/26/us/26stimulus.html?th&emc=th

  7. peter north says:

    Hey Barry, do you have any data on the lags between the official start and end dates of recessions and the official announcements by NBER? My impression was that the gap between the June ’09 end date and the announcement seemed unusually long, but I agree with you that we ought to examine the data and THEN reach our conclusions.

    Have you compared the 15 month delay to the historical mean/median/min/max values?

    Is there any meaningful difference in the lags for “the recession began on…” announcements vs. the lags for official “the recession ended on…” statements?

    Would you be willing to share your data (or at least your conclusions) regarding said questions?

    Thanks, BR. You rock.

  8. [...] Historical Recession Duration & Six Rules September 27, 2010 tags: career, chart, Investment, recession by Keith Lee From Chart of the Day via the always excellent Big Picture: [...]