No. 907: Second-Quarter Revised GDP, Initial GDI and GNP, Private Jobs Surveying
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