Provincial Misery Index

[Jack]

The Misery Index is an economic indicator of what consumer confidence might be in a given region. The formula is CPI inflation + unemployment rate. Obviously, the lower the number, the better. Here`s how Canada`s provinces play out:

01) Alberta: 6.3
02) Manitoba: 7.5
03) Saskatchewan: 7.6
04) British Columbia: 7.7
05) Quebec: 9.6
06) Ontario: 9.9
07) New Brunswick: 10.7
08) Nova Scotia: 11.6
09) Prince Edward Island: 15.2
10) Newfoundland: 17.7

 

[GarthChapman]

Can you add employment rate to the equation?

 

[Thomas Beyer]

QUOTE (Jack @ Dec 27 2008, 09:29 AM) The Misery Index is an economic indicator of what consumer confidence might be in a given region. The formula is CPI inflation + unemployment rate. Obviously, the lower the number, the better. Here`s how Canada`s provinces play out:

01) Alberta: 6.3
02) Manitoba: 7.5
03) Saskatchewan: 7.6
04) British Columbia: 7.7
05) Quebec: 9.6
06) Ontario: 9.9
07) New Brunswick: 10.7
08) Nova Scotia: 11.6
09) Prince Edward Island: 15.2
10) Newfoundland: 17.7
looks to me: THE WEST IS THE BEST !!!

 

[nubiwan]

QUOTE (Jack @ Dec 27 2008, 01:59 PM) The Misery Index is an economic indicator of what consumer confidence might be in a given region. The formula is CPI inflation + unemployment rate. Obviously, the lower the number, the better. Here`s how Canada`s provinces play out:

01) Alberta: 6.3
02) Manitoba: 7.5
03) Saskatchewan: 7.6
04) British Columbia: 7.7
05) Quebec: 9.6
06) Ontario: 9.9
07) New Brunswick: 10.7
08) Nova Scotia: 11.6
09) Prince Edward Island: 15.2
10) Newfoundland: 17.7

I`ll take tongue in cheek umbrage to this posting. Be interesting to see what the chart indicates in 2009.

An interesting overall statistic considering our province (Newfoundland) has probably been the only one where real estate values have continued to rise over the past 12 months, with no forseeable end in sight. No misery there, unless you`re buying a new home. But great for keeping those vacancy rates low.

Ironically, many of our "miserable" folk are taking big chunks of money out of Alberta`s oil economy, where there is apparently little misery, and fueling our own resurgent real estate boom. You see, Newfies prefer not to actually stay in Alberta forever. They all eventually come home to the "misery" that is Newfoundland.

As a CFA, I challenge anyone to find a `miserable` Newfie. Shows you what statistics really mean.