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Text table 3.2
US Business cycle since World War II
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| Peak * | Trough | Peak-to-trough | |
|---|---|---|---|
| Real GDP | Employment ** | ||
| percentage change | |||
| Dec 2007 | Ongoing | -3.3 | -3.7 |
| Mar 2001 | Nov 2001 | -0.4 | -2.0 |
| Jul 1990 | Mar 1991 | -1.3 | -1.5 |
| Jul 1981 | Nov 1982 | -2.9 | -3.1 |
| Jan 1980 | Jul 1980 | -2.2 | -1.3 |
| Nov 1973 | Mar 1975 | -3.1 | -2.8 |
| Dec 1969 | Nov 1970 | -1.0 | -1.5 |
| Apr 1960 | Feb 1961 | -1.6 | -2.3 |
| Aug 1957 | Apr 1958 | -3.8 | -4.4 |
| Jul 1953 | May 1954 | -2.7 | -3.4 |
| Nov 1948 | Oct 1949 | -1.7 | -5.2 |
| Average | -2.2 | -2.8 | |
