End of month dating period

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The NBER does not define a recession in terms of two consecutive quarters of decline in real GDP.

Rather, a recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Synodic months, based on the Moon's orbital period with respect to the Earth-Sun line, are still the basis of many calendars today, and are used to divide the year.A synodic month is longer than a sidereal month because the Earth-Moon system is orbiting the Sun in the same direction as the Moon is orbiting the Earth.The Sun moves eastward with respect to the stars (as does the Moon) and it takes about 2.2 days longer for the Moon to return to the same apparent position with respect to the Sun.An anomalistic month is longer than a sidereal month because the perigee moves in the same direction as the Moon is orbiting the Earth, one revolution in nine years.Therefore, the Moon takes a little longer to return to perigee than to return to the same star.

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