Problem Statement- joe blake

A lagging indicator is an occurrence which usually happens after a corresponding economic event takes place (Conjecture Corp . 2003 . One common example of a lagging indicator is the unemployment rate of a country . As we all know , unemployment refers to the failure of individuals to be gainfully employed . To one degree , unemployment of a state is an indicator of its economic status . Job outsourcing could be one of the reasons for unemployment and its effects on the will become evident as the economy weakens . At such , unemployment rate is expected to increase

. When unemployment rate is high , average jobs are the hardest to find . Minimum-wage jobs , on the other hand , are abound but are not expected to prosper and are not considered as gainfully employed . Highly-prod jobs , specifically medicine and technology remain to be the most wanted among the three (Conjecture Corp . 2003

A leading indicator is an event that happens before a corresponding economic occurs . An example of a leading indicator is the initial jobless claims . It determines the number of fillings for jobless benefits of a state (Info-Forex 2009 . Such claim presents a timely , yet confusing , economic indicator . Results are quite unstable on a weekly basis . This is the reason why researchers and analysts opted to a use a four-week tracking average to obtain better results . Analysts are using two statistics for the report - one that bases on the number of people receiving benefits and one that makes use of the insured unemployment rate . Most analysts monitor the...