- The recession ended in April 2020, according to a new statement by the official judge of business cycles. Despite the latest pronouncement, nobody feels like we’ve been in good shape the past year.
- Real personal income dropped sharply in March and April of 2020 and has now more than recovered that loss.
- Industrial production measures the output of manufacturing, utilities and mining, which includes oil and gas production. It has recovered 90% of its loss so far.
For further details see:
The Recession Was Over Last Year, But The Economy Has Not Fully Recovered