The business cycle dating committee determines when peaks and troughs occur by looking at

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The business cycle dating committee determines when peaks and troughs occur by mainly looking at employment, industrial production, personal income, and manufacturing and trade revenue. These indicators help to provide a comprehensive view of the overall state of the economy and its fluctuations. While real GDP and the unemployment rate are important measures as well, they are not the only factors considered by the committee. Data from other major nations may have some relevance, but it is not a primary consideration for determining peaks and troughs in the US economy.

The Business Cycle Dating Committee Determines When Peaks and Troughs