Leading Economic Indicators

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Definition of Leading Economic Indicators:

Leading economic indicators are measurable variables in an economy that normally change before the rest of the economy.

Detailed Explanation:

Economists and businesspersons use leading economic indicators to forecast the future. Variables like the average work week for manufacturers, the number of first time applicants for unemployment insurance (unemployment insurance is paid to workers who have been laid off), new building permits, and new orders for capital goods are all leading economic indicators because they tend to change prior to a trough or peak.


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