Minimal Misery
04/18/2023 |
After peaking at a painfully high 15% in 4/20, the Misery Index, the sum of the unemployment rate and the annual inflation rate, fell steadily and bottomed out at 7.7% during 1/21. It then rapidly rose due to, among other things, supply-chain issues, and peaked at a vexing 12.5% in 6/22. It has since steadily fallen and is now 8.5%. For context, the index peaked at 21.9% in 5/80.