NBER based Recession Indicators for the United States from the Period following the Peak through the Trough
USREC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
4/1/1942 - 7/1/2025
Summary
The NBER based Recession Indicators for the United States measure the duration of recessions in the U.S. economy, providing a widely used reference for policymakers and analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the official recession periods identified by the National Bureau of Economic Research (NBER), the leading non-profit research organization that dates U.S. business cycles. It is a key indicator used to interpret economic conditions and inform policy decisions.
Methodology
The NBER's Business Cycle Dating Committee determines recession start and end dates based on a comprehensive review of economic indicators.
Historical Context
Policymakers and economists closely monitor this data to understand the economic landscape and guide fiscal and monetary policies.
Key Facts
- NBER has identified 33 recessions since 1854.
- The average recession lasts about 17 months.
- The longest recession was the Great Depression, lasting 43 months.
FAQs
Q: What does this economic trend measure?
A: The NBER based Recession Indicators track the official start and end dates of U.S. recessions as determined by the National Bureau of Economic Research.
Q: Why is this trend relevant for users or analysts?
A: This data is a critical reference for policymakers, economists, and businesses to understand the business cycle and make informed decisions.
Q: How is this data collected or calculated?
A: The NBER's Business Cycle Dating Committee analyzes a range of economic indicators to officially declare the beginning and end of recessions.
Q: How is this trend used in economic policy?
A: Policymakers use this data to guide fiscal and monetary policies, while economists and analysts monitor it to assess the overall health of the economy.
Q: Are there update delays or limitations?
A: The NBER takes time to officially declare the start and end of recessions, so there can be a lag in the availability of this data.
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Citation
U.S. Federal Reserve, NBER based Recession Indicators for the United States from the Period following the Peak through the Trough (USREC), retrieved from FRED.