Labor, Trade & Federal Budget Balances Aggregated by Country

Courtesy of Jeffrey Sachs of Columbia University, we may now consider a new analytical measure to compare America’s progress on jobs, trade exports and federal budget balances against the rest of the World, namely a revised ad-hoc Misery Index. The Index directs us to add: (1) the unemployment rate; (2) the current account deficit/GDP percentage; and (3) the federal budget deficit/GDP percentage.