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What Is the Misery Index? The misery index is meant to measure the degree of economic distress felt by everyday people, due to the risk of (or actual) joblessness combined with an increasing cost of living. The misery index is calculated by adding the unemployment rate to the inflation rate.
People also ask
What is a misery index example?
The Misery Index is defined as the sum of current, seasonally adjusted unemployment plus the current inflation rate (MI = U + I). So, for example, if the current unemployment rate is 4.7% and the current inflation rate is 2.3%, the economy will have a Misery Index of 7.0.
What is the current misery index?
Is misery index an official stat?
The misery index is a single statistical tool that tallies a country's unemployment and inflation outlook. The misery index shows if people are generally happy or unhappy, depending on their economic conditions.
How accurate is the misery index?
What is the misery index telling us? The most recent reading for the misery index, based on official government data for year to August, is 5.96% - calculated by adding 4.9% unemployment and 1.06% inflation. That was up from the previous month's 5.74% and well above a low of 5.06% a year earlier.
Apr 14, 2021 · The first misery index was constructed by economist Arthur Okun in the 1960s to provide President Lyndon Johnson with an easily digestible snapshot of the ...
Aug 29, 2020 · The misery index is a single statistical tool that tallies a country's unemployment and inflation outlook. · The misery index was developed by Arthur Okun, who ...
Aug 6, 2020 · 25, on Bloomberg's Misery Index, which tallies inflation and unemployment outlooks for 60 economies. The drop comes as President Donald Trump fights for ...
Feb 25, 2021 · The misery index is a measurement of economic health. It adds the unemployment rate to the inflation rate. Here's why it's not always an accurate indicator.
3 days ago · The Misery Index is an economic indicator which is created by economist, Arthur Okun. The measure helps determine how the average citizen performs ...
May 4, 2021 · The misery index was created by the economist Arthur Okun in the 1960s. The index is calculated by adding the unemployment rate, the lending rate and the ...
Dec 4, 2020 · A pandemic 'misery index': Ranking countries' economic and health performance during Covid-19. 4 comments | 112 shares. Estimated reading time: 12 minutes ...
Jul 5, 2021 · The misery index is the sum of the inflation rate and the unemployment rate, ... is needed to foster sustainable economic growth and social stability.
May 17, 2021 · Prior to the pandemic, the United States enjoyed a historic era of low inflation and unemployment. It took a global pandemic to devastate those idyllic economic ...