83:, where he held positions of Chief of the Economic Research and Analysis Division and assistant director for Program Planning and Evaluation at the Census Bureau. He played a crucial role in the creation of a computerised technique for seasonally adjusting economic time series and was a significant contributor to the advancement of the
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The 's definition of a recession is, however, known to only a small number of specialists in business cycle studies. Many people use a much simpler definitionâa twoâquarter decline in real . While this definition is simplistic, it has worked quite well in the
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has "called" recession starts and ends, which it defines as "a significant decline in economic activity that is spread across the economy and that lasts more than a few months" and involves examination of the depth, diffusion, and duration of the decline.
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program. Shiskin joined the Office of
Management and Budget in 1969 and assumed the role of Commissioner of Labour Statistics in 1973. While he was in this post, the United States experienced the most severe economic downturn since the
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Legislative
History of H.R. 17607, 89th Congress: Suspension of the Investment Credit and the Allowance of Accelerated Depreciation in the Case of Certain Real Property, Public Law 89-800. Eighty-ninth Congress, Second
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The annual Julius
Shiskin Award for Outstanding Achievement in Economic Statistics is sponsored by the Washington Statistical Society, American Statistical Association, and National Association of Business Economists.
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Many have since maintained that this two-quarter rule-of-thumb is the official definition of a recession in the United States. Since 1978, however, the
Business Cycle Dating Committee of the
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continues to be considered by many as the official definition. He authored two books and numerous articles in the field of statistics, and served as the ninth U.S. Commissioner of the
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Shiskin taught economics and statistics at the
Rutgers university between the years of 1934 and 1938. From 1938 through 1942, he worked as a staff assistant for the
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Agencies, United States
Congress House Committee on Appropriations Subcommittee on Departments of Labor, and Health, Education, and Welfare, and Related (1976).
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32:(October 13, 1912 â October 28, 1978) was an American economist. He is known for his contributions to establishing rules in the field of
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Shiskin was born in New York on
October 13, 1912, and completed his primary education in New Jersey where he graduated from
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Nomination - First session on Julius
Shiskin, of Maryland, to be commissioner of labor statistics, department of labor
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Departments of Labor and Health, Education, and
Welfare Appropriations for 1977: Department of Labor related agencies
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200:(Report). Hearing before the Committee on Human Resources United States Senate. October 6, 1977.
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Means, United States
Congress House Committee on Ways and (1966).
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384:"Business Cycle Dating Procedure: Frequently Asked Questions"
72:, and from 1942 to 1945 he was the chief economist for the
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165:"The risk of redefining recession - May. 6, 2008"
153:. U.S. Government Printing Office. p. 1354.
423:Fellows of the American Statistical Association
273:"Julius Shiskin - History - U.S. Census Bureau"
241:. U.S. Government Printing Office. p. 632.
106:opinion piece about recessions, Shiskin wrote:
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251:: CS1 maint: multiple names: authors list (
271:US Census Bureau, Census History Staff.
372:. National Public Radio. June 24, 2022.
299:"In Memoriam: Julius Shiskin 1912â1978"
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335:Shiskin, Julius (December 1, 1974).
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418:20th-century American economists
315:10.1080/00031305.1979.10482679
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337:"The Changing Business Cycle"
48:from 1973 until his death.
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433:Rutgers University faculty
428:Bureau of Labor Statistics
297:Norwood, Janet L. (1979).
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79:In 1945 he joined the
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370:"Recession referees"
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100:In a 1974
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