So the official date from the National Bureau of Economic Research, was June of 2009. Right away the talk is "WHAT?!".
So to more clearly define the date, they date is only stating the recovery began in that month and there was no longer falling economic activity spread across the economy. They are not saying it got easier for anyone. They are just stating the end of a defined recessionary period.
Interesting thing that is being stated is that they should concentrate on the labor market. I had the same opinion on my post from 6 days ago after reviewing some economic data, and how dependant US households are on Government support to stay above the poverty line.
Also to put a point on the announcement - the recession lasted 18 months. The worst recession since the Great Depression, but I am sure we all figured that out on our own.
JZ
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