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The committee decided that any future downturn of the economy would be a new recession and not a continuation of the recession that began in December 2007.

The basis for this decision was the length and strength of the recovery to date.

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.

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.

June 1857(II) October 1860(III) April 1865(I) June 1869(II) October 1873(III) March 1882(I) March 1887(II) July 1890(III) January 1893(I) December 1895(IV) June 1899(III) September 1902(IV) May 1907(II) January 1910(I) January 1913(I) August 1918(III) January 1920(I) May 1923(II) October 1926(III) August 1929(III) May 1937(II) February 1945(I) November 1948(IV) July 1953(II) August 1957(III) April 1960(II) December 1969(IV) November 1973(IV) January 1980(I) July 1981(III) July 1990(III) March 2001(I) December 2007 (IV) December 1854 (IV) December 1858 (IV) June 1861 (III) December 1867 (I) December 1870 (IV) March 1879 (I) May 1885 (II) April 1888 (I) May 1891 (II) June 1894 (II) June 1897 (II) December 1900 (IV) August 1904 (III) June 1908 (II) January 1912 (IV) December 1914 (IV) March 1919 (I) July 1921 (III) July 1924 (III) November 1927 (IV) March 1933 (I) June 1938 (II) October 1945 (IV) October 1949 (IV) May 1954 (II) April 1958 (II) February 1961 (I) November 1970 (IV) March 1975 (I) July 1980 (III) November 1982 (IV) March 1991(I) November 2001 (IV) June 2009 (II) Other Related Press Releases: April 12, 2010 January 7, 2008 October 21, 2003 December 21, 1990 December 31, 1979 October 25, 1979 July 27, 1979 Prior to 1979, there were no formal announcements of business cycle turning points.

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e Harmony is committed to helping singles find love every day, and with over 20 million registered online users, we are confident in our ability to do so.Previously the longest postwar recessions were those of 1973--82, both of which lasted 16 months.In determining that a trough occurred in June 2009, 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.The e Harmony Compatibility Matching System® matches single women and men based on 29 Dimensions® of Compatibility for lasting and fulfilling relationships.Traditional Internet dating can be challenging for those singles looking for love that lasts. Of all the single men or women you may meet online, very few will be compatible with you specifically, and it can be difficult to determine the level of compatibility of a potential partner through methods of conventional dating services – browsing classified ads, online personals, or viewing profile photos.




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