Misery Index

About

Misery Index is a name derived from an economic indicator created by American economist Arthur Okun. The misery index is designed to determine how the average citizen is faring economically and is calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate. The index operates on the assumption that both higher unemployment rates and worsening inflation create significant economic and social costs for a country. By combining these two key economic measures, the misery index provides a composite view of economic hardship experienced by the general population.