July 2018 Annual Growth in the Monetary Base and Money Supply Weakened Anew, as the
FOMC Attempts to Squeeze Liquidity Out of a Possible Nascent Economic Recovery

July Private Labor-Market Surveying Turned Mixed

July U.3 Unemployment Rate Dropped to 3.87% from 4.05% in June;
July U.6 Unemployment Fell to 7.54% from 7.79%; On Top of U.3 and U.6
July ShadowStats-Alternate Unemployment Declined to 21.3% from 21.5%

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

July Payroll Jobs Gained 157,000 (up by 216,000 Net of Revisions), but with
Annual Growth of 1.65% Holding in Recession-Signal Territory

July Household Survey Gained 389,000 Employed,
With a Decline of 284,000 (-284,000) Unemployed but with an
Increase of 453,000 Multiple-Job Holders

June Nominal Balance-of-Payments and Real-Merchandise Trade Deficits
Widened In the Month but Narrowed in the Quarter

June Inflation-Adjusted (Real) Construction Spending, Dropped Month-to-Month,
Slowed Year-to-Year, Holding Shy of Its Pre-Recession Peak by 19.8% (-19.8%)