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Unemployment is a lagging indicator, he said, meaning that the circumstances that caused the August jump in joblessness actually occurred weeks or months earlier.
He said bankruptcy cases are a lagging indicator for the economy - which means if a recession began early this year, the caseload will begin to jump in the fall and early next year.
Some of the benchmarks are useful in predicting future trends, while others are lagging indicators.
Attitudes toward first ladies are "a lagging indicator about where women are in the country," says historian Lewis Gould.
