business cycle peak

He noted that wages were up 1.1 percent from the previous business cycle peak in 2001.

Several New York State officials criticized the study for focusing on the decade from the 1989 business cycle peak to 1999, another high point.

"The decline started more than a year before the business cycle peak, a pattern unique in postwar experience," Mr. Greenspan told Congress last month.

The level of real GDP now exceeds its level at the business cycle peak in the fourth quarter of 2007.

A. He stepped into a company that in some ways was at a business cycle peak and had no choice but to weather the storm that so many companies had to weather.

The institute noted that "despite gains over the past 2 1/2 years, the inflation-adjusted hourly wages of middle-wage men were 1.8 percent lower in 1999 than in 1989, the previous business cycle peak."

And there Reagan fails the test: between 1979, when the big slump began, and 1989, when the economy finally achieved more or less full employment again, the growth rate was 3 percent, the same as the growth rate between the two previous business cycle peaks in 1973 and 1979.