December 2019 Annual Payroll Growth Dropped to a Two-Year Low,
Amidst Faltering Production and Retail Sales Employment

Jobs Growth Signaled a Weakening Economy, in Advance of
Negative Payroll Benchmark Revisions Due Next Month

Yet, Headline Unemployment Hit a Current Series Low of 3.50%,
While Labor-Market Stress Continued Running at Recession Levels

Against Earlier Data Series, December 2019 Unemployment of 3.50% Was the
Lowest Since 3.49% in June 1969, 50-Plus Years Ago

Annual Benchmark Revisions to Household Survey Seasonal Adjustments Had
Negligible Effect on Headline Reporting of Unemployment and Labor-Market Stress

December 2019 Money Supply M3 Annual Growth Eased Minimally to 8.4%,
Just off Its November 2019 Ten-Year High of 8.6%

Annual Growth Rates of 6.9% and 7.2% in December M1 and M2
Notched Lower by 0.2% (-0.2%) from November Levels