The misery index is a gauge of economic well-being widely used by economists for decades. It represents the sum of the unemployment and inflation rates. Since unemployment and inflation are undesirable, the lower the index, the better.
The misery index played a role in the 1980 presidential election when President Reagan reminded voters that stagflation increased it to more than 20 percent. With unemployment and inflation on the rise, the misery index is important again.
KEY ECONOMIC FIGURES
Unemployment rate: 6.1 percent
Inflation rate: 5.6 percent
Misery index: 11.7 percent