Leading, Slipping, Gaining, Lagging Analysis:
Assessing Manufacturing Employment Growth
Across Delaware Counties
Manufacturing
Employment Growth
County vs Statewide Average: 2010-2022 and 2022
Manufacturing
Employment Growth
Delaware:
2010-2022 = -0.26%
2022 = 5.01%
Borrowing from an approach that sometimes appears in the finance sections of the popular press, LSGL analysis is a handy and versatile way to compare, portray and classify the patterns of manufacturing employment growth across all of Delaware's 3 counties. In finance, this technique is used for comparing and assessing the market performance of individual securities or across industry sectors. For example, the performance of the 30 stocks contained within Dow are compared with one another over the past week in contrast to their performance over the past month using the Dow's respective averages as the points of reference.
Here in this Delaware Regional Economic Analysis Project report, we adopt this approach to gauge and compare the manufacturing employment growth of Delaware's 3 counties over the latest available year (2022) against the backdrop of their growth over the long term period (2010-2022). In so doing we classify their growth and performance into 4 broad categories: Leading, Slipping, Gaining and Lagging.
Manufacturing
Employment Growth
County vs Statewide Average: 2010-2022 and 2022
Manufacturing
Employment Growth
Delaware:
2010-2022 = -0.26%
2022 = 5.01%
This figure displays the 3 counties of Delaware as dots on a scattergram, with the vertical axis representing the average annual manufacturing employment growth rate over the long-term period (2010-2022), and the horizontal axis representing the manufacturing employment growth rate for the near-term (2022).
This figure sets apart those counties whose long-term manufacturing employment growth exceeded the statewide average of -0.26%, by portraying them in the top two quadrants demarcated at -0.26% on the vertical axis. County whose long-term average annual manufacturing employment growth rate trailed the statewide average (-0.26%) are distributed in the bottom two quadrants. In all, 0 counties surpassed the statewide average over 2010-2022, while 0 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 0 counties whose most recent (2022) manufacturing employment growth rate exceeded the statewide average (5.01%). The two quadrants on the left feature those 0 counties whose manufacturing employment growth over 2022 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 3 counties corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective statewide averages of -0.26% over 2010-2022 and 5.01% over 2022:
Leading counties () (top-right quadrant)...are counties whose average annual manufacturing employment growth rate surpassed the statewide average both long-term (-0.26%) and near-term (5.01%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual manufacturing employment growth rate exceeded the statewide average (-0.26%), but whose near-term growth has "slipped" by falling below the Delaware average (5.01%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual manufacturing employment growth rate fell below the statewide average (-0.26%), but whose near-term growth has "gained" by registering above the average (5.01%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual manufacturing employment growth rate fell under the statewide average both long-term (-0.26%) and near-term (5.01%).
   
 
Summary of Delaware's 3 County Totals
 
Short Term Average
 
 
Below
(5.01%)
Above
(5.01%)
 
Long
Term
Average
Above
(-0.26%)
0
0
0
Below
(-0.26%)
0
0
0
 
0
0
0
 
   
   
 
Delaware
Manufacturing Employment Growth
County vs. Statewide Average
 
2010-2022
 
2022
 
 
Undefined/Suppressed Counties
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
1
3.82
10,169
 
 
 
 
 
 
 
 
 
-0.26
 
5.01
27,851
 
 
 
 
 
 
 
 
 
0.64
 
3.63
13,523,700
November 2023
REAP_PI_CA1500N_510500_LSGL
 
   
Copyright © 2024. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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