Usa Usa

Inflation and Unemployment Both Make You Miserable, but Maybe Not Equally

Usa
Reading now: 250
wsj.com

So just how miserable are Americans right now? For nearly 50 years, the go-to place for an answer has been the Misery Index, invented by the late economist Arthur Okun.

The formula is simple: add the unemployment rate (3.7% in October) to the inflation rate as measured by the consumer-price index (7.7% in October), which currently comes to 11.4%.

Read more on wsj.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
DMCA