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Revised estimates :blink:

http://news.prnewswire.com/DisplayReleaseC...4511&EDATE=

BEA Will Likely Revise Q1 2009 Wages and Salaries Downward by Three-to-Four Percentage Points on Monday

Worse Still, So Far in the Month of May, Net Take-Home Pay Is Plummeting A Staggering 16.3% Percentage Points Y-o-Y

SAUSALITO, Calif., May 29 /PRNewswire/ -- TrimTabs Investment Research today reports that on Monday, June 1, the Bureau of Economic Analysis (BEA) will likely revise its estimates of wages and salaries and the personal savings rate substantially downward for the last quarter of 2008 and the first quarter of 2009 when it incorporates actual wage and salary data from the state-collected Q4 2008 Quarterly Census of Employment and Wages (QCEW). The QCEW data will show that wages and salaries were much lower in Q4 2008 and Q1 2009 than the preliminary BEA estimates.

.....

Worse still, the income picture darkened in May. TrimTabs real-time data indicates that net take-home pay, which is defined as after-tax wages and salaries plus income tax refunds plus government tax credits and tax rebates, is down a staggering 16.3 percentage points y-o-y so far in May, compared to a decline of 4.3 percentage points y-o-y in the period of February through April 2009.

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