{"id":351734,"date":"2010-02-22T18:12:17","date_gmt":"2010-02-22T23:12:17","guid":{"rendered":"http:\/\/blogs.wsj.com\/economics\/2010\/02\/22\/some-good-news-on-jobs-tax-withholding-improving\/"},"modified":"2010-02-22T18:12:17","modified_gmt":"2010-02-22T23:12:17","slug":"some-good-news-on-jobs-tax-withholding-improving","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/351734","title":{"rendered":"Some Good News on Jobs: Tax Withholding Improving"},"content":{"rendered":"<div class=\"mceTemp\" style=\"text-align: left;\">\n<dl class=\"wp-caption alignleft caption-alignleft\" style=\"width: 502px;\">\n<dt class=\"wp-caption-dt\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5\" src=\"http:\/\/www.wsj.com\/public\/resources\/media\/rtechart.jpg\" alt=\"\" width=\"502\" height=\"307\" \/><\/dt>\n<\/dl>\n<\/div>\n<p>Here is some good news on the jobs picture, courtesy of economists at Deutsche Bank.<\/p>\n<p>After collapsing last year, individual income-tax withholding seems to be turning a corner. Tax withholding is a good jobs indicator, because you have to have a job to get your taxes withheld.<\/p>\n<p>Withholding sank with the recession\u0092s onset and collapsed after the collapse of Lehman Brothers in 2008. But it seems to be turning a corner.<\/p>\n<p>\u00a0Here\u0092s Joseph LaVorgna\u0092s take: \u0093The tax data, which are reported daily by the US Treasury, are particularly valuable to us because they are not subject to revision. Over the past 3-4 months, the plunge in tax receipts has reversed sharply. While still down in year-on-year terms (-2.5%), the lengthening recovery in tax receipts strongly supports our view that net positive hiring is very near\u0097probably not in the February figures (due to weather), but increasingly likely when the March jobs data are reported on April 2.\u0094<\/p>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~at\/tUfpcosghBIyzx1wpq82qjikL9c\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~at\/tUfpcosghBIyzx1wpq82qjikL9c\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~at\/tUfpcosghBIyzx1wpq82qjikL9c\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~at\/tUfpcosghBIyzx1wpq82qjikL9c\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?a=1kxwAvT4NeA:F-1SWzjDbko:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?a=1kxwAvT4NeA:F-1SWzjDbko:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?i=1kxwAvT4NeA:F-1SWzjDbko:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?a=1kxwAvT4NeA:F-1SWzjDbko:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?i=1kxwAvT4NeA:F-1SWzjDbko:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?a=1kxwAvT4NeA:F-1SWzjDbko:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/wsj\/economics\/feed\/~4\/1kxwAvT4NeA\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here is some good news on the jobs picture, courtesy of economists at Deutsche Bank. After collapsing last year, individual income-tax withholding seems to be turning a corner. Tax withholding is a good jobs indicator, because you have to have a job to get your taxes withheld. Withholding sank with the recession\u0092s onset and collapsed [&hellip;]<\/p>\n","protected":false},"author":850,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-351734","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/351734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/850"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=351734"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/351734\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=351734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=351734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=351734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}