GDP and GDI are basically measuring the same activity in different ways, and in the past when such wide gaps in the two numbers have appeared initially, they tend to move toward each other when the data are finalized.
We know that there were some unusual trade-related reasons for the low GDP number in the first quarter that are unlikely to be repeated, and revisions in both GDP and GDI could largely erase that contraction in output. And, the data that point to some slowing don’t convince me that it will damage the labor market.