Recessions
| Peak month | Year | Trough month | Year |
|---|---|---|---|
| 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 |
| March | 2001 | November | 2001 |
|
Source:National Bureau of Economic Research, Inc., 1050 Massachusetts Avenue Cambridge, MA 02138 | |||