Recent reports have suggested that the US is due for another recession as early as this year.
US is due for a recession this year.
According to the National Bureau of Economic Research, since World War II the average recession has occurred on average every 58 months. This would mean that if this current economic peak is average, one could expect another recession in May this year.
US Business Cycle Expansions and Contractions
One factor that contributes to a recession is unemployment. How many people are currently unemployed in the US?
What factors contribute to a recession? Is there any evidence to suggest that the US may be headed to a recession?
Is the average always a reliable statistical measure? What can affect the average's reliability?