NBER month-based answer
When was the last recession?
NBER recession end month April 2020NBER turning points are dated at the month level. This page uses April 2020 as the recession end month and shows the month count as of the last complete month.
Current month: —. Last complete month: —. Rule: April 2020 = month 0; May 2020 = month 1. NBER reference.
Current cycle snapshot
Signal mix (latest complete month)
Top stable indicators
Top watch indicators
How to read this site
Three steps
- Start with the snapshot: see how many thresholded indicators are stable vs. watch vs. danger, then note the monitored context set.
- Go to Indicators to scan the full stack and the category-by-category mix.
- Use Recessions as the month-level reference chronology.
Quick jumps
Where to next
The UI is intentionally restrained: use the signal mix first, then verify with the underlying series.
Latest daily update
What changed today
Loading the latest signal summary from the processed dataset.
Based on the processed dataset that powers the snapshot.
Trust & method
Transparent, month-level logic
NBER turning points are dated at the month level. We count months since the recession end month: April 2020 = month 0; May 2020 = month 1.
The current partial month is not counted—only the last complete month.
Sources
Indicator thresholds come from the processed dataset used to generate the snapshot.