August 2017 Unemployment Rates Notched Higher:
U.3 Rose to 4.44% versus 4.35%, U.6 Rose to 8.59% versus 8.57%, and the
ShadowStats-Alternate Rose to 22.2% versus 22.1%

Full-Time Jobs Dropped by 166,000 (-166,000) in July

Weaker-Than-Expected August Payroll Jobs Gain of 156,000 was
Just 115,000 Net of the Prior Month’s Revisions,
Well Within Range of Statistical Insignificance

Payroll Revisions Suggestive of Looming Negative Benchmarking

Annual Payroll and Full-Time Employment Growth Rates
Dropped to 1.45% and 1.16%, Levels Common at the Onset of Recessions

Deepening Real Annual Decline in July 2017 Construction Spending
Continued in a Manner Last Seen in the Housing Collapse of 2006,
Despite Upside Revisions to May and June Activity

Shy of Recovering Its Pre-Recession Peak by 23.1% (-23.1%),
Real Construction Spending Continued in Intensifying Downtrend

August 2017 Money Supply M3 Annual Growth and Monetary Base Jumped in Tandem;
M3 Growth Rose to an Eight-Month High of 3.6%, While the Growth and Level of the
Saint Louis Fed Monetary-Base Climbed to Seventeen-Month Highs as of August 16th

Faltering Economic Activity and Intensifying Political Discord
Increasingly Peril the Dollar and Intensify Risks of Market Turmoil