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What Dates Are Used for the U.S. Recession Bars?

FRED uses business cycle turning points determined by the National Bureau of Economic Research (NBER) for recession shading on graphs. Although recessions may end before the NBER determines the official end date, FRED graphs will continue to display shading for a recessionary time period until the NBER establishes the end date. Note: The shading for ongoing recessions is lighter than for recessions with known start and end dates.

The NBER recession data are available at http://www.nber.org/cycles/cyclesmain.html. The monthly dates for the peaks and troughs are represented as daily dates in the charts as follows:

Peak, Trough
1857-06-01, 1858-12-01
1860-10-01, 1861-06-01
1865-04-01, 1867-12-01
1869-06-01, 1870-12-01
1873-10-01, 1879-03-01
1882-03-01, 1885-05-01
1887-03-01, 1888-04-01
1890-07-01, 1891-05-01
1893-01-01, 1894-06-01
1895-12-01, 1897-06-01
1899-06-01, 1900-12-01
1902-09-01, 1904-08-01
1907-05-01, 1908-06-01
1910-01-01, 1912-01-01
1913-01-01, 1914-12-01
1918-08-01, 1919-03-01
1920-01-01, 1921-07-01
1923-05-01, 1924-07-01
1926-10-01, 1927-11-01
1929-08-01, 1933-03-01
1937-05-01, 1938-06-01
1945-02-01, 1945-10-01
1948-11-01, 1949-10-01
1953-07-01, 1954-05-01
1957-08-01, 1958-04-01
1960-04-01, 1961-02-01
1969-12-01, 1970-11-01
1973-11-01, 1975-03-01
1980-01-01, 1980-07-01
1981-07-01, 1982-11-01
1990-07-01, 1991-03-01
2001-03-01, 2001-11-01
2007-12-01, 2009-06-01
2020-02-01, The NBER has not yet determined the date of this trough.

Posted in Understanding the Data, Frequently Asked Questions
FRED Economic Data | St. Louis Fed


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