Economic Rebound Continues to Falter

August 2020 Payroll and Unemployment Details Show
Intensifying Flattening in the Developing L-Shaped Recovery

Year-to-Year Decline in Payrolls Has Stabilized Around 7.0% (-7.0%), a
Level Last Seen When the U.S. Economy Reset After World War II

Stalling Recovery Will Generate Greater Government Spending and
Federal Reserve Monetary Excesses

Developing Record Shortfall in Third-Quarter Real Trade Deficit
Has Negative Implications for Third-Quarter 2020 GDP

Handling of Needed Revisions to New Unemployment Claims
Rivaled Reporting Games that President Nixon Wanted to Play

Bureau of Labor Statistics Still Cannot Count the
Number of Unemployed Persons, Six Months into the Pandemic