The index was invented by Arthur Okun and used to characterize the current economic condition. The main assumption in this index is that an increasing unemployment rate and relatively high inflation have a negative impact on economic growth. At its highest, the misery index for the U.S. was at 21.98% in June 1980. At its lowest, it was 2.97% in July 1953. In March 2006, the index was at 8.1%.
In economic terms, a rise in inflation coupled with high unemployment leads to lower consumer expenditures and contributes to an economic slow-down.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Misery Index — en Estambul durante su gira europea (2007) Datos generales Origen Baltimore … Wikipedia Español
Misery Index — can refer to: Misery index (economics), adding the unemployment rate to the inflation rate Misery Index (band), a Baltimore deathgrind band Misery Index (album), the second album by Assück This disambiguation page lists articles associated with… … Wikipedia
Misery Index — Pays d’origine États Unis Genre musical Deathgrind Brutal Death Metal Années d activité … Wikipédia en Français
Misery Index — Misery Index … Deutsch Wikipedia
misery index — An index that sums the unemployment and inflation rates, used as a political rating or measure of consumer confidence. Bloomberg Financial Dictionary * * * misery index misery index ➔ index1 * * * misery index UK US noun [S] ECONOMICS ► a measure … Financial and business terms
misery index — an unofficial indication of a nation s economic health, derived by adding the percentage rate of inflation to the percentage of unemployed workers: With inflation running at 15 percent and unemployment at 8 percent, the misery index is 23 percent … Useful english dictionary
misery index — an unofficial indication of a nation s economic health, derived by adding the percentage rate of inflation to the percentage of unemployed workers: With inflation running at 15 percent and unemployment at 8 percent, the misery index is 23 percent … Universalium
misery index — noun Date: 1975 the sum of the rate of unemployment and the rate of inflation used as an economic indicator … New Collegiate Dictionary
Misery Index — The combined inflation and unemployment rates in a country. Republicans created the term during the 1980 U.S. presidential elections as a “sound bite” criticism of the Carter administration … American business jargon
Misery index (economics) — Misery index redirects here. For the American death metal band, see Misery Index (band). The misery index is an economic indicator, created by economist Arthur Okun, and found by adding the unemployment rate to the inflation rate. It is assumed… … Wikipedia