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AP Photo/Patrick Semansky The inflation and unemployment numbers for March have been released, which means it’s time once again to see where the U.S. Misery Index stands.
As the feckless Biden Administration continues to gaslight, spin, and deflect blame for the soaring cost of living in the United States, most Americans are being forced to tighten their belts and cut back on everyday purchases like food and gasoline. And since the current U.S. Misery Index is higher than the previous month’s index of 11.67% , the economic situation is certainly not improving for the average American family’s wallet.
Each month, economists use the most recent Bureau of Labor Statistics data in an attempt to gauge the health of our economy. By adding the current U.S. unemployment rate of 3.6% to the current rate of U.S. inflation of 8.54%, economists quantify the economic well-being of the country into what is called the U.S. Misery Index.
The current U.S. Misery Index stands at a very miserable 12.14%.
It’s also worth noting, that the U.S. inflation rate hasn’t been this high since December 1981, after the economically ruinous presidency of Democrat Jimmy Carter. In turn, the Misery Index is used to gauge how average Americans are weathering the ups and downs of the U.S. economy under the Biden/Harris administration’s disastrous economic policies. So what exactly does the Misery Index tell us? First, we know that as the rate of inflation goes up, the cost of living increases. Next, as the unemployment numbers rise, more and more people fall into poverty. Consequently, the Misery Index acts as a kind of snapshot that is used to gauge the health of the economy as a whole, since both unemployment and inflation impact the average American wage earner. The US Inflation Rate rises to 8.5%, its highest level […]
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