Early 1990s recession in the United States

Treasury yield spreads
Inverted yield curve in late 1989 and early 1990
  30 year minus 3 month
  10 year minus 2 year
  10 year minus 3 month
  10 year minus Federal funds rate
Inverted yield curves cause unemployment to go up, to get inflation or housing prices down
  Unemployment rate
  10 year Treasury bond minus 2 year Treasury bond

The United States entered a recession in 1990, which lasted 8 months through March 1991.[1] Although the recession was mild relative to other post-war recessions,[2] it was characterized by a sluggish employment recovery, most commonly referred to as a jobless recovery. Unemployment continued to rise through June 1992, even though a positive economic growth rate had returned the previous year.[3][4]

Belated recovery from the 1990–1991 recession contributed to Bill Clinton's victory in the 1992 presidential election over incumbent President George H. W. Bush.

  1. ^ "NBER Business Cycle Dating Committee Determines that Recession Ended in March 1991". NBER. 22 December 1992. Retrieved 6 April 2011.
  2. ^ Cite error: The named reference Gardner was invoked but never defined (see the help page).
  3. ^ "Real Gross Domestic Product". FRED, Federal Reserve Bank of St. Louis. Retrieved 24 April 2021.
  4. ^ "Unemployment Rate (UNRATE)". FRED, Federal Reserve Bank of St. Louis. Retrieved 24 April 2021.