The New Misery Index - 4 Charts Showing Economic Trends Using Gov't/Fed Numbers: We Are In TroubleSubmitted by SteveMT on Mon, 08/25/2014 - 12:19
Charts 1 & 2 - The participation rate: the percentage of the working-age population with a job
Chart 3 - Real (adjusted for inflation) median household income: an imperfect, but still useful measure of purchasing power.
Labor share of the non-farm economy: how much of the national income is going to wage-earners
Chart 4 - Money velocity: a basic measure of economic vitality
The foundation of Misery Index 2.0 is jobs, earned income and the purchasing power of earnings.Inflation is easily gamed by underweighting big-ticket expenses and offsetting increasing costs with hedonic adjustments, and unemployment is easily gamed by shifting people from the work-force to not in the workforce. This category of zombies--not counted in measures of unemployment--has skyrocketed.