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Misery Index

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Misery Index
A measure of a country’s unhappiness, from economist Arthur Okun’s summation of unemployment rates and inflation rates, which assumes that higher unemployment and worsening inflation create socioeconomic costs that translate into misery

misery index
Global village A term for 'how bad things are' in a country; the lower the MI–eg, Denmark = MI of 1, the more content the populace. See Third world.


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3 percent unemployment and less than 1 percent inflation--the lowest misery index of any president in the 20th century.
A misery index provides a clear picture of the economic conditions experienced by the majority of Iranians.
One reason the jobs misery index is so high: The housing bust has reduced Americans' mobility.
 
 
 
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