- by New Deal democrat
Last week I discussed Withholding Tax receipts at length, noting that the professional service which uses them to estimate job growth has had a much better record reporting gains and losses in the job market during the Great Recession than the BLS's initial nonfarm payroll figures. I said I'd update when they reported on October.
Well, they have. Earlier this morning TrimTabs' spokesperson, Madeline Schnapp, said their figures show that 100,000 private sector jobs were added to payrolls during the month of October.
Please note that this isn't a prediction of what the BLS will say on Friday. It is its own independent estimate, and if anything is a prediction of what the BLS's ultimate report will say in a year and a half when the final 2010 revisions are done.
