Leading, Slipping, Gaining, Lagging Analysis:
Assessing Utilities Employment Growth
Across States
Utilities
Employment Growth
State vs Nationwide Average: 2010-2022 and 2022
Utilities
Employment Growth
U.S.:
2010-2022 = 0.23%
2022 = 2.40%
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 utilities employment 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 utilities employment growth of all 51 states 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.
Utilities
Employment Growth
State vs Nationwide Average: 2010-2022 and 2022
Utilities
Employment Growth
U.S.:
2010-2022 = 0.23%
2022 = 2.40%
This figure displays the 51 states of the United States as dots on a scattergram, with the vertical axis representing the average annual utilities employment growth rate over the long-term period (2010-2022), and the horizontal axis representing the utilities employment growth rate for the near-term (2022).
This figure sets apart those states whose long-term utilities employment growth exceeded the nationwide average of 0.23%, by portraying them in the top two quadrants demarcated at 0.23% on the vertical axis. State whose long-term average annual utilities employment growth rate trailed the nationwide average (0.23%) are distributed in the bottom two quadrants. In all, 20 states surpassed the nationwide average over 2010-2022, while 28 states fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 23 states whose most recent (2022) utilities employment growth rate exceeded the nationwide average (2.40%). The two quadrants on the left feature those 25 states whose utilities employment growth over 2022 trailed the nationwide average.
Accordingly, each quadrant portrays the performance of all 51 states corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective nationwide averages of 0.23% over 2010-2022 and 2.40% over 2022:
Leading states () (top-right quadrant)...are states whose average annual utilities employment growth rate surpassed the nationwide average both long-term (0.23%) and near-term (2.40%).
Slipping states () (top-left quadrant)...are states whose long-term average annual utilities employment growth rate exceeded the nationwide average (0.23%), but whose near-term growth has "slipped" by falling below the the United States average (2.40%).
Gaining states () (bottom-right quadrant)...are states whose long-term average annual utilities employment growth rate fell below the nationwide average (0.23%), but whose near-term growth has "gained" by registering above the average (2.40%) nationwide.
Lagging states () (bottom-left quadrant)...are states whose average annual utilities employment growth rate fell under the nationwide average both long-term (0.23%) and near-term (2.40%).
   
 
Summary of United States' 51 State Totals
 
Short Term Average
 
 
Below
(2.40%)
Above
(2.40%)
 
Long
Term
Average
Above
(0.23%)
5
15
20
Below
(0.23%)
20
8
28
 
25
23
48
 
   
Leading States
2022 vs. 2010-2022 Averages
Leading States
white dot
U.S.:
2010-2022 = 0.23%
2022 = 2.40%
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 utilities employment growth both long-term (2010-2022 = 0.23%) as well as near-term (2022 = 2.40%). Each is identified by its corresponding ranking based on it's average annual utilities employment growth rate over 2010-2022.
Of the United States' 51 states, 15 (29%) are classified within the Leading () category. Those states ranked by their long-term average include:
Slipping States
2022 vs. 2010-2022 Averages
Slipping States
U.S.:
2010-2022 = 0.23%
2022 = 2.40%
This figure depicts the distribution of the 5 United States states classified as Slipping (top-left quadrant), in that their long-term average annual utilities employment growth rate outpaced the average nationwide (2010-2022 = 0.23%), while they trailed the nationwide average near-term (2022 = 2.40%). Again, each state is identified by it's corresponding ranking based on its average annual utilities employment growth rate over 2010-2022.
Only 5 (10%) of the United States' 51 states are classified as Slipping (). Those states ranked by their long-term average include:
Gaining States
2022 vs. 2010-2022 Averages
Gaining States
white dot
U.S.:
2010-2022 = 0.23%
2022 = 2.40%
This figure shows the distribution of the 8 United States states classified as Gaining (bottom-right quadrant), in that their long-term average annual utilities employment growth rate posted below the average nationwide (2010-2022 = 0.23%), while they outpaced the United States' average near-term (2022 = 2.40%). Again, each state is identified by its corresponding ranking based on its average annual utilities employment growth rate over 2010-2022.
Of the United States' 51 states, 16% (8) are featured as Gaining (). Those states ranked by their long-term average include:
Lagging States
2022 vs. 2010-2022 Averages
Lagging States
white dot
U.S.:
2010-2022 = 0.23%
2022 = 2.40%
This figure depicts the distributions of the 20 United States states classified as Lagging (bottom-left quadrant). These states trailed the nationwide average annual utilities employment growth both long-term (2010-2022 = 0.23%) as well as near-term (2022 = 2.40%). Again, each state is identified by its corresponding ranking based on it's average annual utilities employment growth rate over 2010-2022.
39% of the United States' states, 20 of 51, are characterized here as Lagging (). Those states ranked by their long-term average include:
   
 
United States
Utilities Employment Growth
State vs. Nationwide Average
 
2010-2022
 
2022
 
 
Leading States
 
12
0.88
 
19
2.69
8,090
 
15
0.69
 
8
4.18
67,516
 
16
0.67
 
14
3.40
9,613
 
14
0.72
 
10
3.77
27,867
 
2
3.29
 
16
3.33
3,415
 
3
2.45
 
22
2.56
14,683
 
19
0.45
 
11
3.50
22,063
 
4
2.36
 
17
3.27
16,161
 
6
1.62
 
5
5.09
16,459
 
18
0.47
 
13
3.44
5,299
 
1
4.83
 
1
16.99
2,086
 
7
1.53
 
2
7.03
4,797
 
11
1.21
 
3
6.38
62,244
 
10
1.31
 
15
3.37
5,064
 
8
1.40
 
9
3.94
6,229
Slipping States
 
5
1.87
 
32
0.84
2,643
 
9
1.39
 
30
1.33
4,053
 
17
0.49
 
38
0.13
7,173
 
20
0.25
 
29
1.37
8,337
 
13
0.75
 
39
-0.21
24,521
Gaining States
 
22
0.18
 
23
2.48
24,907
 
21
0.22
 
18
2.78
10,831
 
25
0.01
 
6
4.57
13,379
 
48
-3.49
 
24
2.41
1,276
 
28
-0.20
 
12
3.48
4,612
 
42
-1.19
 
20
2.67
2,272
 
39
-1.05
 
21
2.66
1,583
 
37
-0.94
 
4
5.91
5,551
Lagging States
 
32
-0.41
 
40
-0.39
13,475
 
24
0.01
 
35
0.31
12,818
 
45
-1.53
 
36
0.30
5,627
 
27
-0.16
 
44
-1.33
2,145
 
23
0.03
 
25
2.40
21,583
 
41
-1.11
 
48
-3.18
13,595
 
44
-1.34
 
47
-2.24
6,123
 
46
-1.70
 
45
-1.50
6,308
 
38
-0.99
 
49
-4.74
8,683
 
34
-0.50
 
37
0.21
12,203
 
33
-0.48
 
34
0.44
2,980
 
35
-0.50
 
42
-0.53
4,476
 
26
-0.11
 
26
2.17
40,033
 
31
-0.27
 
43
-1.25
3,319
 
43
-1.25
 
46
-2.18
18,700
 
40
-1.10
 
28
1.63
10,086
 
36
-0.70
 
33
0.58
11,614
 
29
-0.23
 
27
1.98
2,115
 
30
-0.25
 
31
1.04
11,606
 
47
-2.21
 
41
-0.50
8,631
Undefined/Suppressed States
 
U
U
 
7
4.47
2,268
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
 
 
 
 
 
 
 
 
0.23
 
2.40
605,600
April 2024
REAP_PI_SA1500N_510300_LSGL
 
   
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