Real time withholding tax collections had a meager gain in May, increasing by just 3.3% in nominal terms. Adjusting for the reported wage inflation for April of +2.5%, the indication is that the US economy barely grew at all in May. That’s no different than the low end of the growth range of the past…
The post Tax Data Shows US Economy Slowed In May, But Jobs Report Should “Beat” was originally published at The Wall Street Examiner. Follow the money!