At its meeting, the committee determined that a trough in business activity occurred in the U. The trough marks the end of the recession that began in December and the beginning of an expansion. The recession lasted 18 months, which makes it the longest of any recession since World War II. Previously the longest postwar recessions were those of and , both of which lasted 16 months. In determining that a trough occurred in June , the committee did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity. Rather, the committee determined only that the recession ended and a recovery began in that month. A recession is a period of falling economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. The trough marks the end of the declining phase and the start of the rising phase of the business cycle. Economic activity is typically below normal in the early stages of an expansion, and it sometimes remains so well into the expansion.
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By Aaron Smith and Monica Anderson Digital technology and smartphones in particular have transformed many aspects of our society, including how people seek out and establish romantic relationships. Here are five facts about online dating: When we first studied online dating habits in , most Americans had little exposure to online dating or to the people who used it, and they tended to view it as a subpar way of meeting people. Today, nearly half of the public knows someone who uses online dating or who has met a spouse or partner via online dating — and attitudes toward online dating have grown progressively more positive.
Online dating use among to year-olds has also risen substantially since the last Pew Research Center survey on the topic. One factor behind the substantial growth among younger adults is their use of mobile dating apps. But it still means that one-third of online daters have not yet met up in real life with someone they initially found on an online dating site.
Many online daters enlist their friends in an effort to put their best digital foot forward. Despite the wealth of digital tools that allow people to search for potential partners, and even as one-in-ten Americans are now using one of the many online dating platforms, the vast majority of relationships still begin offline.
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The committee noted that in the most recent data, for the second quarter of , the average of real GDP and real GDI was 3.
Business Cycle Dating Committee, National Bureau of Economic Research
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