The Current Misery Index is
Tuesday, November 30, 2010
David Brancaccio, a blogger in economics and the host of public radio's Marketplace, has described an interesting alternative indicator called the misery index. Moody’s economist Pierre Cailleteau devised a formula to calculate a new version of the Misery Index wherein he added the unemployment rate to a country’s deficit as a percentage of its GDP.
More information is here: The Misery Index
As of August 2010, the U.S. Misery Index was at 10.75. It reached its highest level in June 1980, when it was at 21.98, and its lowest was way back in July 1953 when it reached 2.97. Visit the Misery Index website for lots of data on the MI for different countries over time.