Definition of officially dating
First, we do not identify economic activity solely with real GDP and real GDI, but use a range of other indicators as well.Second, we place considerable emphasis on monthly indicators in arriving at a monthly chronology.
We identify a month when the economy reached a peak of activity and a later month when the economy reached a trough.
Thus, the unemployment rate is often a leading indicator of the business-cycle peak.
Definition of officially dating comments