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Recession Of 1960 Research Paper

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Recession Of 1960 Research Paper
The recession of 1960–1961 was a recession in the United States. According to the National Bureau of Economic Research the recession lasted for 10 months, beginning in April 1960 and ending in February 1961 and resulted in the second longest economic extension in U.S. history. During this recession, the Gross Domestic Product of the United States fell 1.6 percent. Though the recession ended in November 1960, the unemployment rate did not peak for a number of months. In May 1961, the rate reached its height for the cycle of 7.1 percent. The GDP of the United States throughout this period fell 1.6%, and the unemployment rate strike its peak at 7.1%.
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