« Earnings revisions support Portuguese pessimism | Main | Global momentum stabilising on schedule »

US tax receipts suggest stronger employment

Posted on Wednesday, November 2, 2011 at 09:06AM by Registered CommenterSimon Ward | CommentsPost a Comment

US “withheld income and employment taxes”, adjusted for the number of working days and seasonal variation, rose sharply in October. The monthly numbers are highly volatile but this suggests strength in employee incomes, consistent with a respectable rise in payrolls in Friday’s report.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>