Confirming yesterday's employment report
, we find this sentence in the state budget update
While some of the lost withholding revenue appears to reflect smaller than anticipated bonus payments made in early 2009, withholding receipts in April, May, and June averaged more than $20 million per month below projections, consistent with weaker wage and employment growth than anticipated in February�s forecast.
The always downbeat Global Insights forecast offered by the MN Finance Department for their budgeting is forecasting -0.8% real GDP growth for 2010
. Real income strongly influences midterm elections: Is it any wonder then that Congress (and the Minnesota DFL) is growing ever more worried
about the state of the economy?
Labels: economics, Minnesota