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For fun, here is a 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 5.0%, and the unemployment rate is at 3.5% for a “misery index” value of 8.5.
This is down from 9.6 in February, and below the median of 9.6 over the last 50 years.
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