Misery Index
Unemployment plus Inflation Rate (all items)
According to Wikipedia:
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 that both a higher rate of unemployment and a worsening of inflation create economic and social costs for a country.[1] It is often incorrectly attributed to Chicago economist Robert Barro in the 1970s, due to the Barro Misery Index that additionally includes GDP and the bank rate.[2]
During the Presidential campaign of 1976, Democratic candidate Jimmy Carter made frequent references to the Misery Index, which by the summer of 1976 was at 13.57%. Carter stated that no man responsible for giving a country a misery index that high had a right to even ask to be President. Carter won the 1976 election. However, by 1980, when President Carter was running for re-election against Ronald Reagan, the Misery Index had reached an all-time high of 21.98%. Carter lost the election to Reagan.
"Misery index (economics)." Wikipedia, The Free Encyclopedia. 5 Jul 2009, 01:36 UTC. 5 Jul 2009 http://en.wikipedia.org/w/index.php?title=Misery_index_(economics)&oldid=300333088
| Rank | Region | Unemployment | + | Inflation Rate (all items) | Result |
|---|---|---|---|---|---|
| 1 | Michigan | 14.10 | + | -1.30 | 12.80 |
| 2 | Oregon | 12.40 | + | -1.30 | 11.10 |
| 3 | Rhode Island | 12.10 | + | -1.30 | 10.80 |
| 4 | South Carolina | 12.10 | + | -1.30 | 10.80 |
| 5 | California | 11.50 | + | -1.30 | 10.20 |
| 6 | Nevada | 11.30 | + | -1.30 | 10.00 |
| 7 | North Carolina | 11.10 | + | -1.30 | 9.80 |
| 8 | Ohio | 10.80 | + | -1.30 | 9.50 |
| 9 | District of Columbia | 10.70 | + | -1.30 | 9.40 |
| 10 | Tennessee | 10.70 | + | -1.30 | 9.40 |
| 11 | Indiana | 10.60 | + | -1.30 | 9.30 |
| 12 | Kentucky | 10.60 | + | -1.30 | 9.30 |
| 13 | Florida | 10.20 | + | -1.30 | 8.90 |
| 14 | Illinois | 10.10 | + | -1.30 | 8.80 |
| 15 | Alabama | 9.80 | + | -1.30 | 8.50 |
| 16 | Georgia | 9.70 | + | -1.30 | 8.40 |
| 17 | Mississippi | 9.60 | + | -1.30 | 8.30 |
| 18 | Washington | 9.40 | + | -1.30 | 8.10 |
| 19 | Missouri | 9.00 | + | -1.30 | 7.70 |
| 20 | Wisconsin | 8.90 | + | -1.30 | 7.60 |
| 21 | New Jersey | 8.80 | + | -1.30 | 7.50 |
| 22 | West Virginia | 8.60 | + | -1.30 | 7.30 |
| 23 | Alaska | 8.40 | + | -1.30 | 7.10 |
| 24 | Maine | 8.30 | + | -1.30 | 7.00 |
| 25 | Massachusetts | 8.20 | + | -1.30 | 6.90 |
| 26 | Minnesota | 8.20 | + | -1.30 | 6.90 |
| 27 | New York | 8.20 | + | -1.30 | 6.90 |
| 28 | Arizona | 8.20 | + | -1.30 | 6.90 |
| 29 | Pennsylvania | 8.20 | + | -1.30 | 6.90 |
| 30 | Delaware | 8.10 | + | -1.30 | 6.80 |
| 31 | Connecticut | 8.00 | + | -1.30 | 6.70 |
| 32 | Idaho | 7.80 | + | -1.30 | 6.50 |
| 33 | Colorado | 7.60 | + | -1.30 | 6.30 |
| 34 | Hawaii | 7.40 | + | -1.30 | 6.10 |
| 35 | Vermont | 7.30 | + | -1.30 | 6.00 |
| 36 | Maryland | 7.20 | + | -1.30 | 5.90 |
| 37 | Virginia | 7.10 | + | -1.30 | 5.80 |
| 38 | Texas | 7.10 | + | -1.30 | 5.80 |
| 39 | Kansas | 7.00 | + | -1.30 | 5.70 |
| 40 | Arkansas | 7.00 | + | -1.30 | 5.70 |
| 41 | Louisiana | 6.60 | + | -1.30 | 5.30 |
| 42 | New Hampshire | 6.50 | + | -1.30 | 5.20 |
| 43 | New Mexico | 6.50 | + | -1.30 | 5.20 |
| 44 | Oklahoma | 6.30 | + | -1.30 | 5.00 |
| 45 | Montana | 6.30 | + | -1.30 | 5.00 |
| 46 | Iowa | 5.80 | + | -1.30 | 4.50 |
| 47 | Utah | 5.40 | + | -1.30 | 4.10 |
| 48 | South Dakota | 5.00 | + | -1.30 | 3.70 |
| 49 | Wyoming | 5.00 | + | -1.30 | 3.70 |
| 50 | North Dakota | 4.40 | + | -1.30 | 3.10 |
| 51 | Nebraska | 4.40 | + | -1.30 | 3.10 |
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Comments
Ouch must suck to live in Michigan right now. I'm glad that my state is almost near the bottom because unemployment sucks.
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