Historical Recession Duration

For some perspective on the Great Recession, the chart of the day (below) illustrates the duration of all US recessions since 1900. There are a couple points of interest.

Of the 22 recessions that occurred over the past 110 years, the most recent recession is tied for fifth in terms of duration. It is also worth noting that the recession just passed was above average in duration and the longest since the Great Depression.

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