Private Labor-Market Surveying Showed Continued Retrenchment in June 2018

June Labor-Market Stress Remained at High Levels, Consistent with Headline
Unemployment Much Closer to a Record High than Just Off a Record Low

June U.3 Unemployment Rate Rose to 4.05% from 3.75% in May, Up by 0.30%;
Headline Gain of 0.2% Was a Rounding Artefact of 4.0% versus 3.8%

June U.6 Unemployment Rose to 7.79% from 7.65% in May

June ShadowStats-Alternate Unemployment Rose to 21.5% from 21.4% in May

June Payroll Jobs Gained 213,000 (up by 250,000 Net of Revisions), but with
Annual Growth of 1.62% Still in Recession-Signal Territory

Household Survey Lost 89,000 (-89,000) Full-Time Employed, but
Gained 145,000 Part-Time Employed

May 2018 Nominal Balance-of-Payments Trade Deficit
Shrank for Third-Straight Month

Second-Quarter Real Merchandise Trade Deficit
Is on Track for a Sharp Narrowing