On June 8, 2020, the National Bureau of Economic Research (NBER) officially declared the U.S. economy in recession. This follows the prior call of a recovery in the U.S. economy in June 2009. What does the New York Times Recession/Depression Index look like?
We have put blue arrows to show the points of interest to us. We believe that we’re in the early stages of the recession which should see an intermediate drop in the indicator before another spike to a new high level. That spike should be at or above the 300 level and the peak would mark the end of the recession (+/- month).
See Also: August 2009: The Recession is Over