The U.S.’s Covid-19-induced recession ended in April 2020 after two months, making it the nation’s shortest downturn on record, according to the academic panel that serves as arbiter of U.S. expansion dates. All key indicators of employment and production “point clearly to April 2020 as the month of the trough” in business activity, the National Bureau of Economic Research’s business cycle dating committee said in a statement Monday. The downturn followed a 10 1/2-year expansion that was the longest in historical records going back to 1854, with the shortest prior recession being six months in 1980. The panel’s ... (full story)