Perhaps, because some other sites list 14 recessions not 12… It really really depends on when you start counting. https://www.nber.org/research/data/us-busine

Perhaps, because some other sites list 14 recessions not 12… It really really depends on when you start counting. https://www.nber.org/research/data/us-business-cycle-expansions-and-contractions https://www.nber.org/research/data/us-business-cycle-expansi... NBER has actually determined 35 recessions, most of them retroactively (as far back as they had reasonable data into 1854). They started the current committee in 1978, so it has only been around for six “business cycle contractions.” NBER has existed since 1920, but didn’t start doing business cycle work until 1929 (pretty easy to call that one as a recession). That’s 15 recessions, perhaps the source claiming 14 was during/before the Feb 2020 recession?