To: cake_crumb; green iguana
The US Misery Index
http://www.miseryindex.us/
Misery Index (9.01) = Unemployment rate (4.7) + Inflation rate (4.31)
The misery index was initiated by economist Arthur Okun, an adviser to President Lyndon Johnson in the 1970's. It is simply the unemployment rate added to the inflation rate. It is assumed that both a higher rate of unemployment and a worsening of inflation both create economic and social costs for a country. A combination of rising inflation and more people of out of work implies a deterioration in economic performance and a rise in the misery index.
212 posted on
01/22/2008 8:33:25 AM PST by
XR7
To: XR7
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