Private Surveying of August Labor Conditions Suggests Continuing Collapse


Despite Booming Real Gross Domestic Product (GDP),
Negligible Real Annual Growth in Per Capita Disposable Income
Signaled an Imminent Recession or One Already in Play


Second-Quarter 2017 GDP Revised to 3.03% (Previously 2.57%),
Versus 1.24% in First-Quarter


Second-Quarter Gross Domestic Income (GDI) Hit 2.88%,
Versus 2.68% (Previously 2.63%) in First-Quarter


Second-Quarter Gross National Product (GNP) Hit 2.80%,
Versus 0.94% in First-Quarter


Better-Quality Measures than the Upwardly-Biased GDP Show
No Full Recovery from the Collapse, No Economic Expansion and
Real-World Activity Increasingly Stagnant or in Renewed Downturn

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