What are the lagging indicators?

Some general examples of lagging indicators include the unemployment rate, corporate profits, and labor cost per unit of output. These indicators differ from leading indicators, such as retail sales and the stock market, which are used to forecast and make predictions.Click to see full answer. Keeping this in consideration, what is the difference between leading and lagging indicators?The difference between the two is a leading indicator can influence change and a lagging indicator can only record what has happened. All too often we concentrate on measuring results, outputs and outcomes. Because they are easy to measure and they are accurate.Secondly, why are lagging indicators important? Lagging indicators are typically “output” oriented. They are easy to measure but hard to improve or influence. A lagging indicator is one that usually follows an event. The importance of a lagging indicator is its ability to confirm that a pattern is occurring. Considering this, what are examples of leading indicators? Popular leading indicators include average weekly hours worked in manufacturing, new orders for capital goods by manufacturers, and applications for unemployment insurance. Lagging indicators include things like employment rates and consumer confidence. The business cycle has highs and lows.What is a lagging indicator in safety?Lagging indicators are reactive in nature. They measure the effectiveness of a safety program after the facts. Typical lagging indicators include the number of incidents, injuries, days away from work (DAFW), etc. In contrast, leading indicators are proactive in nature.