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Factors Used in Establishing Business Cycle Dates (Peaks and Trough) Significant Change in Economic Activity Real Gross National Product Employment Real.

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Presentation on theme: "Factors Used in Establishing Business Cycle Dates (Peaks and Trough) Significant Change in Economic Activity Real Gross National Product Employment Real."— Presentation transcript:

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2 Factors Used in Establishing Business Cycle Dates (Peaks and Trough) Significant Change in Economic Activity Real Gross National Product Employment Real Income Real Sales Industrial Production

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14 IndustryPeak Trade, Transportation, and UtilitiesDecember-07 Leisure & HospitalityDecember-07 Manufacturing*January-08 Financial ActivitiesJanuary-08 TotalFebruary-08 Mining, Logging, & ConstructionFebruary-08 InformationMarch-08 Other ServicesMarch-08 Profession & Business ServicesApril-08 GovernmentMay-10 *Manufacturing employment has been falling since March 1995 and appears to have bottomed out only recently. Tennessee Employment Peaks By Industry

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