Rising Misery Indexes Worsen Income-Gap Effect: Chart of the Day
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Accelerating inflation and historically high unemployment are magnifying the economic effects of income inequality, according to Sean Darby, a global equity strategist at Jefferies & Co.
The CHART OF THE DAY shows the U.S. misery index, which increased in September to its highest level since May 1983. The indicator is calculated by adding the 12-month percentage change in the consumer price index to the jobless rate, as compiled by the Labor Department.