It takes a while for all of the economic statistical data to reveal precisely when US business cycle expansions and contractions (recessions) start and end. While the latest recession is technically over, many continue to feel the effects of it. However, you can ensure that your recovery is better than your competitors.
The good news is: a recession typically doesn't last long in the US. On average the eight recessions in the last half century lasted about 10 months*. In contrast to the average expansion length of 66 months during the same period, recessions are comparably short.
So while the latest recession is technically over, we're all still feeling its effects. Click here to find out what you can do to make sure you come out it in great shape.
| Recession | Duration |
| 1957-58 | 8 months |
| 1960-61 | 10 months |
| 1969-70 | 11 months |
| 1973-75 | 16 months |
| 1980 | 6 months |
| 1981-82 | 16 months |
| 1990-91 | 8 months |
| 2001 | 8 months |
| 2007-09 | 18 months |
* Data from National Bureau of Economic Research, Inc.
