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 ?
From 200314, the misery index in Ecuador has been constant at around 20--one of the lowest in Latin America.
Inflation has been the main factor contributing to the misery index, which earned Venezuela and Iran this unenviable status.
html">according to John Williams of Shadow Government Statistics</a>, if we calculated unemployment and inflation the same way that we did back during the Carter administration, then the Misery Index today would actually be higher than at any point during the presidency of Jimmy Carter.
And just to pile on, it's possible that another factor is upping the misery index.
The misery index for credit union managers, employees and members who survived the April 27 sweep of killer tornadoes across seven states was no less than that shared by most residents.
Taipei, April 11, 2011 (CENS)--The annual growth of consumer price index (CPI) in Taiwan may exceed 2% as predicted for this year by the Director General of Budget, Accounting and Statistics (DGBAS), to also raise the misery index to a three-year high of 6.
Crossing that threshold, they conclude, would send the misery index into unchartered territory.
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 here in Baghdad is about as high as the temperature in August.