Employment increased for the first time since March, but employment tends to be a lagging economic indicator
Growth of the market: Pallets are a lagging economic indicator
Employment is a lagging economic indicator
, so coming out of a recession, it is typical for jobs to be the last thing to return," said Wallace.
Unlike the unemployment rate, which is a well-recognized trailing or lagging economic indicator
, Gallup's job-creation measure -- much like jobless claims -- is more of a leading or at minimum a coincident indicator of economic performance.
The outcome was no surprise as an unemployment rate, a lagging economic indicator
, normally continues to rise for about one year after industrial production bottoms out,'' said Takuji Aida, senior economist at UBS Securities Japan Ltd.
Real estate is a lagging economic indicator
, and it follows the job market, which has been weak for white-collar workers.
Population, however, tends to be a lagging economic indicator
, usually reaching its peak well after other economic indicators have already turned downward.
In a global threat assessment report submitted to the Senate Select Committee on Intelligence, Director of National Intelligence James Clapper said, "The leadership transition in Beijing continues to unfold as Chinese leaders grapple with a confluence of domestic problems -- including lagging economic indicators
, corruption and pressure for political reform -- that are fueling fears about the potential for serious domestic unrest.
Now, according to keynote speaker Narendra Mulani, managing director for Accenture's supply chain management service line, high energy costs, environmental concerns, and lagging economic indicators
are forcing supply chain managers to bring those things a little closer to the vest through a process called "near-shoring.
Other lagging economic indicators
, such as employment and capital (business) spending, are often mistakenly viewed as primary economic drivers that deceive the unwary into remaining positive well past the peak in the economy or remaining pessimistic well beyond the trough.