U.S. Misery Index: No End in Sight to the Misery of the Biden Economy

April’s atrocious federal inflation numbers released on May 11 showed the numbers ever so slightly improved from March; however, the overall health of the economy has not improved. Each month, economists use the most recent Bureau of Labor Statistics data 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 8.26%, economists quantify the economic well-being of the country into what is known as the U.S. Misery IndexThe current U.S. Misery Index stands at a still very miserable 11.86%.

Granted, the Misery Index is marginally lower this month than it was in March, but don’t be fooled by that decrease as the inflation rate remains at record-high levels not seen since the economically disastrous Jimmy Carter administration. Even so, the Misery Index is useful to gauge how the ups and downs of the U.S. economy under the Biden-Harris administration’s ruinous economic policies are impacting average Americans.

U.S. Misery Index: No End in Sight to the Misery of the Biden Economy

The problem is that, even though the Misery Index improved slightly over the previous month’s index of 12.14%, the economic situation has certainly not improved for the average American family’s wallet as consumer prices continue to climb ever higher.

As the feckless Biden Administration gaslights, spins, and deflects blame for the soaring cost of living in the United States, most Americans are forced to tighten their belts by cutting back on everyday expenses like groceries, gasoline, and housing.

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