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For fun, here is an update to the graph of economist Arthur Okun’s misery index (popularized by President Reagan).
Okun added inflation and the unemployment rate together as a measure of “misery”.
Click on graph for larger image.
Currently YoY inflation is at 4.9%, and the unemployment rate is at 3.4% for a “misery index” value of 8.3.
This is down from 8.5 in March, and below the median of 9.6 over the last 50 years.
The all-time low was 5.0 during Obama’s 2nd term.
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