03 February 2012

Misery Index Compared

Although rarely reported now, the misery index was once considered an important measure of economic health. It is simply the sum of unemployment and inflation and the idea is that high inflation or high unemployment make people miserable, and it is not enough to understand discontent by looking at just one of those measures.

Here are the numbers through the first three years of the last seven administrations. Notice the two outliers.

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