Income tax withholding this week kept pace with the same week in 2019, and collections since late March are 3.5 percent above 2019.
Income tax withholding again ran ahead of last year's pace, and is up 3.6 percent from last year since late March.
Withholding this week was up 6 percent from the same week last year, pushing the cumulative gain since late March to 3.5 percent.
Income tax withholding kept pace with the same week in 2019, and collections since March are up 3.4 percent from 2019.
The California labor market collapsed in late March and early April due to the coronavirus disease 2019 (COVID-19) pandemic. In response to COVID-19, state and local officials took steps to limit the spread of the disease. The Governor issued a statewide stay-at-home order on March 19. Since that time, public health officials have issued various directives limiting daily activities. These efforts, as well as health concerns, depressed economic activity across the state. As a result, many employers cut jobs. In this post, we take a closer look at how the pandemic has affected different industries and different types of workers in California.