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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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

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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