Economic Indicator: Daily Employee Taxes to the Fed

One of our clients thought this would be a useful indicator to add. Here was his email:

Here is another set of free fed data that if interposed properly should give daily insight into the real health of the labor market.

https://www.fms.treas.gov/dts/index.html

Some where in these numbers is the daily employee taxes that are paid to the fed.

Knowing how much federal income taxes are being paid on a daily basis is insightful, won’t you say? But it’s currently in PDF format. It needs the YCharts touch.