It's official: U.S. in a recession since December 2007 - Dec. 1, 2008

It's official: U.S. in a recession since December 2007 - Dec. 1, 2008: "The NBER is a private group of leading economists charged with dating the start and end of economic downturns. It typically takes a long time after the start of a recession to declare its start because of the need to look at final readings of various economic measures.'The committee views the payroll employment measure, which