Leading, Slipping, Gaining, Lagging Analysis:
Assessing Accommodation and Food Services Earnings Growth
Across States
Real* Accommodation and Food Services
Earnings Growth
State vs Nationwide Average: 2010-2021 and 2021
Real* Accommodation and Food Services
Earnings Growth
U.S.:
2010-2021 = 5.53%
2021 = 25.66%
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 real accommodation and food services earnings growth across all 51 states. 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 United States Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real accommodation and food services earnings growth of all 51 states over the latest available year (2021) against the backdrop of their growth over the long term period (2010-2021). In so doing we classify their growth and performance into 4 broad categories: Leading, Slipping, Gaining and Lagging.
Real* Accommodation and Food Services
Earnings Growth
State vs Nationwide Average: 2010-2021 and 2021
Real* Accommodation and Food Services
Earnings Growth
U.S.:
2010-2021 = 5.53%
2021 = 25.66%
This figure displays the 51 states of the United States as dots on a scattergram, with the vertical axis representing the average annual real accommodation and food services earnings growth rate over the long-term period (2010-2021), and the horizontal axis representing the real accommodation and food services earnings growth rate for the near-term (2021).
This figure sets apart those states whose long-term real accommodation and food services earnings growth exceeded the nationwide average of 5.53%, by portraying them in the top two quadrants demarcated at 5.53% on the vertical axis. State whose long-term average annual real accommodation and food services earnings growth rate trailed the nationwide average (5.53%) are distributed in the bottom two quadrants. In all, 22 states surpassed the nationwide average over 2010-2021, while 29 states fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 18 states whose most recent (2021) real accommodation and food services earnings growth rate exceeded the nationwide average (25.66%). The two quadrants on the left feature those 33 states whose real accommodation and food services earnings growth over 2021 trailed the nationwide average.
Accordingly, each quadrant portrays the performance of all 51 states corresponding with their long-term (2010-2021) and near-term (2021) performance relative to their respective nationwide averages of 5.53% over 2010-2021 and 25.66% over 2021:
Leading states () (top-right quadrant)...are states whose average annual real accommodation and food services earnings growth rate surpassed the nationwide average both long-term (5.53%) and near-term (25.66%).
Slipping states () (top-left quadrant)...are states whose long-term average annual real accommodation and food services earnings growth rate exceeded the nationwide average (5.53%), but whose near-term growth has "slipped" by falling below the the United States average (25.66%).
Gaining states () (bottom-right quadrant)...are states whose long-term average annual real accommodation and food services earnings growth rate fell below the nationwide average (5.53%), but whose near-term growth has "gained" by registering above the average (25.66%) nationwide.
Lagging states () (bottom-left quadrant)...are states whose average annual real accommodation and food services earnings growth rate fell under the nationwide average both long-term (5.53%) and near-term (25.66%).
   
 
Summary of United States' 51 State Totals
 
Short Term Average
 
 
Below
(25.66%)
Above
(25.66%)
 
Long
Term
Average
Above
(5.53%)
11
11
22
Below
(5.53%)
22
7
29
 
33
18
51
 
   
Leading States
2021 vs. 2010-2021 Averages
Leading States
white dot
U.S.:
2010-2021 = 5.53%
2021 = 25.66%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the United States states classified as Leading. These states surpassed the United States' average annual real accommodation and food services earnings growth both long-term (2010-2021 = 5.53%) as well as near-term (2021 = 25.66%). Each is identified by its corresponding ranking based on it's average annual real accommodation and food services earnings growth rate over 2010-2021.
Of the United States' 51 states, 11 (22%) are classified within the Leading () category. Those states ranked by their long-term average include:
Slipping States
2021 vs. 2010-2021 Averages
Slipping States
U.S.:
2010-2021 = 5.53%
2021 = 25.66%
This figure depicts the distribution of the 11 United States states classified as Slipping (top-left quadrant), in that their long-term average annual real accommodation and food services earnings growth rate outpaced the average nationwide (2010-2021 = 5.53%), while they trailed the nationwide average near-term (2021 = 25.66%). Again, each state is identified by it's corresponding ranking based on its average annual real accommodation and food services earnings growth rate over 2010-2021.
Observe that 11 (22%) of the United States' 51 states are classified as Slipping (). Those states ranked by their long-term average include:
Gaining States
2021 vs. 2010-2021 Averages
Gaining States
white dot
U.S.:
2010-2021 = 5.53%
2021 = 25.66%
This figure shows the distribution of the 7 United States states classified as Gaining (bottom-right quadrant), in that their long-term average annual real accommodation and food services earnings growth rate posted below the average nationwide (2010-2021 = 5.53%), while they outpaced the United States' average near-term (2021 = 25.66%). Again, each state is identified by its corresponding ranking based on its average annual real accommodation and food services earnings growth rate over 2010-2021.
Of the United States' 51 states, only 14% (7) are featured as Gaining (). Those states ranked by their long-term average include:
Lagging States
2021 vs. 2010-2021 Averages
Lagging States
white dot
U.S.:
2010-2021 = 5.53%
2021 = 25.66%
This figure depicts the distributions of the 22 United States states classified as Lagging (bottom-left quadrant). These states trailed the nationwide average annual real accommodation and food services earnings growth both long-term (2010-2021 = 5.53%) as well as near-term (2021 = 25.66%). Again, each state is identified by its corresponding ranking based on it's average annual real accommodation and food services earnings growth rate over 2010-2021.
43% of the United States' states, 22 of 51, are characterized here as Lagging (). Those states ranked by their long-term average include:
   
 
United States
Real* Accommodation and Food Services Earnings Growth
State vs. Nationwide Average
 
2010-2021
 
2021
 
 
Leading States
 
2
7.31
 
5
31.43
71,753,818
 
10
6.61
 
13
27.95
10,154,899
 
18
5.77
 
11
28.94
1,328,838
 
9
6.62
 
2
35.06
36,670,121
 
21
5.62
 
15
26.85
12,968,895
 
15
5.87
 
1
42.31
4,924,653
 
3
6.95
 
3
34.88
2,217,725
 
7
6.66
 
10
28.98
1,757,938
 
16
5.85
 
8
29.82
28,881,276
 
11
6.53
 
16
26.44
1,701,813
 
5
6.75
 
9
29.05
10,257,863
Slipping States
 
20
5.69
 
24
23.94
10,224,137
 
19
5.73
 
30
21.75
2,883,738
 
1
7.68
 
20
24.86
2,083,366
 
17
5.82
 
41
19.36
2,273,919
 
8
6.64
 
46
18.29
13,114,295
 
6
6.73
 
45
18.45
6,140,963
 
12
6.53
 
21
24.50
7,253,810
 
14
6.45
 
23
23.94
1,167,497
 
13
6.52
 
49
16.37
9,952,708
 
22
5.62
 
37
20.84
37,851,816
 
4
6.84
 
25
23.51
3,795,755
Gaining States
 
48
3.36
 
4
33.96
1,203,761
 
38
4.50
 
7
30.05
2,584,118
 
44
4.10
 
17
26.19
16,078,180
 
31
5.10
 
18
26.10
10,194,921
 
33
4.84
 
12
28.54
6,075,529
 
41
4.36
 
6
30.06
11,562,935
 
24
5.42
 
14
27.57
1,134,784
Lagging States
 
28
5.23
 
43
18.99
4,721,486
 
32
4.85
 
28
23.34
4,956,009
 
29
5.13
 
39
20.06
6,979,365
 
35
4.79
 
31
21.32
3,040,234
 
45
3.67
 
42
19.24
2,914,029
 
39
4.44
 
48
17.55
4,670,896
 
46
3.63
 
33
21.21
5,703,089
 
37
4.60
 
38
20.53
8,014,546
 
25
5.41
 
26
23.42
11,092,750
 
47
3.52
 
47
18.05
3,395,303
 
34
4.80
 
27
23.40
7,495,330
 
30
5.10
 
40
19.78
2,068,506
 
51
2.46
 
35
20.86
13,333,904
 
42
4.26
 
32
21.31
2,619,823
 
26
5.35
 
44
18.51
911,250
 
27
5.25
 
36
20.84
12,994,628
 
50
2.86
 
51
11.21
4,391,798
 
43
4.26
 
29
23.00
13,003,759
 
36
4.72
 
19
25.46
10,701,581
 
49
3.16
 
50
16.07
1,681,918
 
23
5.43
 
22
24.22
6,333,050
 
40
4.40
 
34
21.14
1,104,301
 
 
 
 
 
 
 
 
 
5.53
 
25.66
460,321,626
March 2022
REAP_PI_SA1600N_611800_LSGL
 
   
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