Post 15: Top 3 leading/coincident/lagging indicators

Leading indicators: - Economic indicator that changes before the overall economy has changed.

1. Average weekly hours, manufacturing
2. Average weekly initial claims for unemployment insurance
3. Manufacturers’ new orders, consumer goods, and material

Coincident indicators: - Economic indicator that varies directly with the overall economy during the change.

1. Gross Domestic Product
2. Manufacturing and trade sales
3. Personal Income

Lagging indicators: - Economic indicator that changes after the overall economy has changed.

1. The value of outstanding commercial and industrial loans
2. The change in the Consumer Price Index for services from the previous month
3. The change in labor cost per unit of labor output

I believe that these are the top incators in the US economy because each of these greatly help to predict the future of the business cycle.

 I think that the best indicator is GDP and Average weekly initial claims for unemployment insurance because both of these help explain the economy at any given time. These two indicators will both show the total amount of product being produced in the US and show the unemployment rate which will be a good predictor for the business cycle.