Tag Archives: depression

The Real Misery Index: Unemployment Increases the Hardship

Marcus Baram The Huffington Post

The rise in unemployment continues to prolong the hardship for millions of Americans, according to the latest update of the Huffington Post’s Real Misery Index.

The index rose to 32.2 in August 2009, after peaking at 29.2 in July, largely due to the increase in the U6 unemployment rate, which tracks part-time workers looking for full-time employment and those who’ve given up looking for work. The index would be even higher if it weren’t for a slight rebound in housing prices.

Rising unemployment — and the accompanying increase in the number of Americans who have been out of work for more than 6 months (5.4 million as of September) — threatens to diminish the chances of a speedy recovery.

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