TABLE 1 | SELECTED DATA FOR U.S. BUSINESS CYCLES SINCE 1950 | |||||
Years | Peak | Trough | Recession Length (months) | Expansion Length (months) | Percentage Change in Real GDP | Maximum Unemployment Rate (%) |
195 | July 1953 | May 1954 | 10 | 39 | –2.2 | 5.9 |
195 | Aug. 1957 | April 1958 | 8 | 24 | –3.6 | 7.4 |
196 | April 1960 | Feb. 1961 | 10 | 106 | –0.6 | 7.1 |
196 | Dec. 1969 | Nov. 1970 | 11 | 36 | +0.2 | 6.1 |
197 | Nov. 1973 | March 1975 | 16 | 58 | –1.8 | 9.0 |
1980 | Jan. 1980 | July 1980 | 6 | 12 | –2.3 | 7.8 |
198 | July 1981 | Nov. 1982 | 16 | 92 | –2.2 | 10.8 |
199 | July 1990 | March 1991 | 8 | 120 | –1.0 | 6.9 |
2001 | March 2001 | Nov. 2001 | 8 | 73 | +0.5 | 5.8 |
200 | Dec. 2007 | June 2009 | 18 | — | –4.1 | 10.0 |