Income 2003
Recessions ---------------------------------------------- Peak month Year Trough Year month ---------------------------------------------- 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
Last Revised: August 26, 2004