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The clock panel applet does not work as expected in the newest versions of LXDE. If the clock is set to not show seconds in the display when waking from suspend the clock will not update until the time actually changes in the applet which means it can take up to a minute for the clock to update when seconds are not shown. The work around to this is to display seconds on the clock which allows it to update after suspend within one second. Sadly the clock does not display seconds correctly as it skips them by one to three at least once a minute, often more. This is also not the first time there have been problems with the panel clock which clearly illustrates this to be an ongoing problem for the developers. See More
Being based on Ubuntu (which itself is based on Debian), there's a good amount of information and support to be found when searching for it, both on Lubuntu specifically and Ubuntu that also applies to Lubuntu. It also means that there are certain security and usability standards enforced and you can use Ubuntu .deb packages. See More