Numbers

A Business Cycle Ends, And Many U.S. Workers Lose Ground

By Michael Mandel/Charts by Laurel Daunis-Allen

Put another business cycle in the record books. The expansion almost certainly ended in 2007, seven years after the previous peak in 2000. Unfortunately, this cycle has been lackluster, with real wages falling for many, economic growth slow compared with past cycles, and the U.S. getting a smaller share of the global pie.