1 Do not capitalize general positions or titles. For example, capitalize Mother when that is the name a person uses to address his or her mother.  Capitalize positions or titles when they refer to specific people or agencies, such as Social Security Administrator or Agency (referring to a specific agency).
This recession lasted ten months (July 1953 - May 1954). It resulted from the demobilization after the Korean War. Unemployment didn't reach its peak of 6.1 percent until September 1954, four months after the recession ended. GDP contracted 2.2 percent in Q3, 5.9 percent in Q4, and 1.8 percent in Q1 1954.
The NBER did not give any reasons or causes of the recession. But it is widely accepted that the housing downturn, which started in 2006, is a primary cause of the broader economic malaise. The fall of housing prices from peak levels reached earlier this decade cut deeply into home building and home purchases.