Because lagging indicators are backward-looking and based on finalized data, they are considered highly accurate and can be helpful in determining where the U.S. is in its economic cycle.

The Conference Board’s Leading Economic Index was down by 0.3% in February — the third consecutive monthly decline.

Everyday Americans weigh in on whether or not they have faith in Trump's tariffs against the world's biggest economic powers ... and founder of flag-making business Flags of Valor, focuses on ...

“But when you see the unemployment rate increasing, that's a pretty good sign that we may be in a recession,” Angel said.