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 ?
Pakistan scored 42nd positions in ranking of World Misery Index 2014 where lesser score shows worse and greater value means better condition of misery.
The misery index is the sum of the unemployment rate, lending rate, and the inflation rate minus the percentage change in real GDP per capita.
Inflation has been the main factor contributing to the misery index, which earned Venezuela and Iran this unenviable status.
Misery Index Corrected by Informality: Applicable to Venezuela
But last week Business Insider, the New York based technology and business news website, came out with the 2013 Misery Index, which lists the 25 most miserable countries in the world.
I might not attract many recruits this way, but I can dangle this tantalizing offer: New York Times bestsellers with misery index of 30 percent or more will not be considered.
Taipei, April 17, 2012 (CENS) -- Taiwan's misery index posted at 5.
In the 1970s, when the misery index was sky-high and America stewed in its own malaise, series featuring characters from the lower classes such as Good Times, Sanford and Son and All in the Family flourished.
For it now seems to be the case that while the commercial order discourages the "tranquility" of individual happiness by making everyone pursue money and material goods, individuals considered as a whole are somehow happier because the misery index is lower.
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.