Income 2000
Recessions
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Peak month Year Trough Year
month
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November 1948 October 1949
July 1953 May 1954
August 1957 April 1958
April 1960 February 1961
December 1969 November 1970
November 1973 March 1975
January 1980 July 1980
July 1981 November 1982
July 1990 March 1991
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Source: National Bureau of Economic Research, Inc.,
1050 Massachusetts Avenue
Cambridge, MA 02138