The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP

He seems mystified by it but it's just basic math.

 

Disagree 100%. If it was even close to what the true cost of living rose for most people SS would have kept up and it didn't even come close to keeping up. It's why granny on fixed income is being forced out of their residences. The con they have going on with underreported true inflation is only good for saving money on benefit increases like SS. It would probably be out of money already if not for the manipulated change to the inflation numbers started in the early 90s I think it was.

 

So another piece of the puzzle falls into place. Apparently your knowledge and understanding of economics comes from reporters. OK, carry on.

But just so you know, according to the CPI data in VA’s graph above from 2021-2024, with the projected 2.4% for 2025 added in, the average INFLATION RATE was 4.4% over that time period. But the cumulative INFLATION for the same period was 24%. The difference here is so easy a caveman (or FSU Business Major) can understand.

 

So wait, you are telling me the 5 year cumulative inflation rate is different than the average monthly inflation rate over 5 years, as if that is anything more than common sense? You probably just gave some FSU business major a brilliant idea to write a thesis on. By the way, just so you know, saying "INFLATION for the same period was 24%" is expressing inflation as a rate. You could have said "the Inflation rate for that same period was 24%", and have said the same exact thing. That is my point. The two terms are used interchangeable in most situations, because inflation is expressed as a rate 99% of the time. I hope someday you'll understand.

 

Thank you for making my point. If you mean inflation rate then say inflation rate. I said cumulative inflation.

And BTW FSU Business majors don’t write theses. There aren’t college level Activity Books for that.

 

Which the same thing as the inflation rate.

 

"rate" just means percentage... The word "rate" is implied anytime you express inflation as a percentage whether you say it or not...