In a deflationary environment, unemployment is a coincident indicator, not a lagging one.

FORBES: If They'd Just Stop Making Unemployed People

No, the "Orange Marilyn" is neither a leading nor a lagging indicator, but merely a coincident indicator of our corporate world's prosperity.

FORBES: The "Orange Marilyn" and the market

Consumer confidence is now a leading and coincident indicator.

FORBES: Like Jimmy Cannon, Nobody Asked Me, But...