Free Republic
Browse · Search
News/Activism
Topics · Post Article

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
[ Post Reply | Private Reply | To 203 | View Replies ]


To: XR7

Average MISERY INDEX under Jimmy Carter: 16.27

Average MISERY INDEX under George W. Bush: 7.96

http://www.miseryindex.us/indexbypresident.asp


219 posted on 01/22/2008 8:44:01 AM PST by Deo volente
[ Post Reply | Private Reply | To 212 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson