This expansion is already the second longest in U.S. history. Long expansions are not the historical norm—in fact, up through World War II, there was about a 50/50 chance in any given year that the U.S. would be in a recession.
Since then however, recessions have become less frequent. The expansion from 1961 through 1969 was tied as the second longest expansion in U.S. history—that is, until May 1 2019.
Read our Cycle Watch to learn more on why some expansions last more than others and current expectations by downloading our materials from this web page.