"The committee has determined that a peak in monthly economic activity occurred in the U.S. economy in February 2020. The peak marks the end of the expansion that began in June 2009 and the beginning of a recession, said NBER in a statement. (Image: Shutterstock)
The National Bureau of Economic Research, the date-keeper for U.S. business cycles, has declared February 2020 as the official end of the U.S. economic expansion and beginning of the current recession.
"The expansion lasted 128 months, the longest in the history of U.S. business cycles dating back to 1854," according to the NBER. The previous record was 120 months, running from March 1991 to March 2001.
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Bernice Napach
Bernice Napach is a senior writer at ThinkAdvisor covering financial markets and asset managers, robo-advisors, college planning and retirement issues. She has worked at Yahoo Finance, Bloomberg TV, CNBC, Reuters, Investor's Business Daily and The Bond Buyer and has written articles for The New York Times, TheStreet.com, The Star-Ledger, The Record, Variety and Worth magazine. Bernice has a Bachelor of Science in Social Welfare from SUNY at Stony Brook.
