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Already the market, a forward-looking indicator, seems to be looking beyond the valley of these tough times and forecasting a brighter second half for 2008.
"It's not necessarily a forward-looking indicator".
That good news is tempered somewhat (as all good economic news must be) by the knowledge that job vacancies is a forward-looking indicator.
The May figure was also the lowest since the association started tracking such contract activity as a forward-looking indicator in 2001.
500 over a chart of deal volume over the last 30 years, you'd see that deal-making is a lagging, not a forward-looking, indicator to the stock market.
There has certainly been the mother and father of a winter going on in the US, but one of the standout features of the report was the weakness of new orders, a forward-looking indicator.
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In this cycle, job losses have, so far, been "only" slightly over a million, while labor market conditions are severely worsening based on all forward-looking indicators such as initial and continuing claims for unemployment benefits.
The stockmarket can be a better forward-looking indicator than business opinion.
People always research areas before they move in, and the volume of that search activity can be a good forward-looking indicator of rising investment potential.
There is the macro-economic stuff, which obviously includes GDP and employment, and also the purchasing managers' indices (PMIs), which give the best forward-looking indicator for what is likely to happen in the next few months.
Forward-looking indicators suggest a gloomier picture.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com