Based on that data, the CPI inflation rate is over 10%, and the unemployment rate is over 15% (see charts). The Misery Index is the sum of the current inflation rate and the unemployment rate. If it were to be calculated using the older methods, the Index would now be over 25, a record high. It surpasses the old index high of 21.98, which occurred in June 1980, when Jimmy Carter was president.Is Shadow Stats doing this right? I have no idea, but I hope not!
May 15, 2011
Using "economic data for inflation and unemployment the way it used to be calculated pre-1990":