Newspaper article The Topeka Capital-Journal

Economic Index Shows 'Misery' Down Slightly in Topeka

Newspaper article The Topeka Capital-Journal

Economic Index Shows 'Misery' Down Slightly in Topeka

Article excerpt

Topekans are a bit less miserable than they were a few months ago, at least in economic terms.

The "misery index" in Topeka fell slightly from 4.44 in the second quarter to 4.39 in the third quarter, according to Wichita State University's Center for Economic Development and Business Research. The index measures changes in inflation, housing prices and the unemployment rate. The index doesn't set a threshold at which people might be happy with their economic situations, but a lower number indicates that people are more likely to have a job, less likely to be struggling with increasing prices and may feel wealthier due to increases in their home's value.

The level of misery was higher in Wichita and the Kansas City metropolitan area than in Topeka. Lawrence residents apparently experienced a lower level of misery than Topekans and Kansans as a whole, though the index edged up for Lawrence from the second to the third quarter. …

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