|Earlier this week, the National Bureau of Economic Research (the official arbiter of recession dates) declared that the recession that began in December 2007 (Chart of the Day declared that the recession was 'underway' back in early January 2008), ended in June 2009 (Back in June 2009, Chart of the Day stated that the recession would ultimately be declared to have ended in June 2009 -- plus or minus one month). For some perspective on the recession just past (a.k.a. the Great Recession), today's chart 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.Notes:
- What are the same indicators that called the beginning and end of the Great Recession saying about the current economy? Plus, what's in store for the market? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day Plus.
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Quote of the Day"It's a recession when your neighbor loses his job. It's a depression when you lose your own." - Harry S. Truman
Events of the DaySeptember 24, 2010 - First Day of Autumn (Northern Hemisphere)
October 04, 2010 - Supreme Court session begins
Stocks of the Day-- Find out which stocks investors are focused on with the most active stocks today.
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-- You can also quickly review the performance, dividend yield and market capitalization for each of the Dow Jones Industrial Average Companies as well as for each of the S&P 500 Companies.
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