Misery index

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Misery index

An index that sums the unemployment and inflation rates, used as a political rating or measure of consumer confidence.

Misery Index

An informal index that adds the unemployment rate and the inflation rate. For example, if inflation is 11% and unemployment is 6%, the misery index is 17. The misery index is of limited economic import, but politicians often use it to show the success of their programs (or the failure of their opponents' policies).
References in periodicals archive ?
The misery index in Taiwan, despite the economic recovery that is creating more jobs to reduce the jobless rate to 4.
Dye and Chad Sutherland seek to remedy this in, "A New Metric to Gauge Household Economic Stress: Improving on the Misery Index.
The Misery Index is a simple economic concept that adds the unemployment rate and the inflation rate over the preceding 12 months.
The misery index is rising, which means that opportunity for streetsmart managers is likewise rising.
The misery index measures the state of the economy by summing up the inflation rate and the unemployment rate.
Anyway, last Monday marked the maximum point on the Misery Index.
First, to be a black man is to be part of a race-gender composite resting on the bottom of the misery index in countless categories.
I am not going to spend the next few weeks trying to escalate the misery index,' he said.
There is reason to believe the poor will not become poorer and the misery index will not necessarily rise.
Theories which assume the ultimate aim of economic activity is to increase human happiness will say the lower the misery index, the better the economy is performing.
Neither tax policy nor government's claim on national resources was considered worthy of inclusion, although the bite can be surprisingly big, as the Misery Index, created by Ernst & Young senior tax partner Jack Anderson for Forbes International, makes clear.
The misery index is easily understood by the public and has been demonstrated to correlate with presidential popularity.