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The committee places less emphasis on monthly data series for industrial production and manufacturing-trade sales, because these refer to particular sectors of the economy.Movements in these series can provide useful additional information when the broader measures are ambiguous about the date of the monthly peak or trough.The trough dates for these indicators are: Macroeconomic Advisers' monthly GDP (June) The Stock-Watson index of monthly GDP (June) Their index of monthly GDI (July) An average of their two indexes of monthly GDP and GDI (June) Real manufacturing and trade sales (June) Index of Industrial Production (June) Real personal income less transfers (October) Aggregate hours of work in the total economy (October) Payroll survey employment (December) Household survey employment (December) The committee concluded that the choice of June 2009 as the trough month for economic activity was consistent with the later trough months in the labor-market indicators–aggregate hours and employment–for two reasons.First, the strong growth of quarterly real GDP and real GDI in the fourth quarter was inconsistent with designating any month in the fourth quarter as the trough month.CAMBRIDGE September 20, 2010 - The Business Cycle Dating Committee of the National Bureau of Economic Research met yesterday by conference call. The trough marks the end of the recession that began in December 2007 and the beginning of an expansion.At its meeting, the committee determined that a trough in business activity occurred in the U. The recession lasted 18 months, which makes it the longest of any recession since World War II.
The basis for this decision was the length and strength of the recovery to date.Our camps provide athletes with an inside look at our program and first class instruction from the coaching staff, our current players, and alumni softball athletes as well.Each fall and winter we offer our Monday Night Academies, which are one hour hitting and pitching clinics.There is no fixed rule about what weights the committee assigns to the various indicators, or about what other measures contribute information to the process.The committee concluded that the behavior of the quarterly series for real GDP and GDI indicates that the trough occurred in mid-2009.