Originally Posted by marothisu
July 2020: $2,955,167,658.56
We can also look at January - March of each year:
2022: $6,963,148,306.24
2021: $6,233,164,468.86
2020: $5,872,373,357.82
2019: $5,626,077,603.88
2018: $5,567,638,451.58
2017: $4,014,002,538.14
The inflation rate for the Chicago area between March 2019 and March 2022 is 11.83% meaning that the 2019 number above adjusted for inflation is around $6,291,730,538.84 or $671,417,767.40 below the 2022 number. That is a difference of $13,563,995,301 over 3 months for personal income of residents which could account for an increase of over 45,000 new jobs paying $100K each in yearly wages. Of course, this is Chicago's inflation and not the whole state - still need to find that.
Adjusting for inflation tying to March 2022 (assuming March of each year) then the numbers would be like this in more current dollars for those first 3 months of the year:
2022: $6,963,148,306.24
2021: $6,719,657,918.73
2020: $6,495,826,748.21
2019: $6,291,730,538.84
2018: $6,322,016,389.40
2017: $4,642,679,113.23
Still a 10.67% increase 2022 vs. 2019
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