No. 914: August Trade Deficit, Construction Spending, September Private Labor Surveying
U.S. Economy Remains in Serious Trouble: Non-Recovered, Non-Expanding and
Turning Down Anew, Separate from Near-Term, Temporary Weather Impact
Private Surveying of September Labor Conditions Signaled Continued Downturn
Headline Real Merchandise Trade Deficits in July and August Were Worse than
Suggested by the Advance Estimate of the August Goods Trade Deficit
Most-Recent Four Quarters of Real Trade Deficit through Second-Quarter
Remained Worst Since 2007, with the Trend Intensifying in Third-Quarter 2017
Annual Decline in August 2017 Real Construction Spending
Continued in a Manner Last Seen During the 2006 Housing Collapse
Shy of Recovering Its Pre-Recession Peak by 23.0% (-23.0%),
Real Construction Spending Continued in Intensifying Downtrend
Storm-Related Impact on Economic Data Will Break in the Week Ahead