Leading, Slipping, Gaining, Lagging Analysis:
Assessing Finance and Insurance Employment Growth
Across States
Finance and Insurance
Employment Growth
State vs Nationwide Average: 2010-2018 and 2018
Finance and Insurance
Employment Growth
U.S.:
2010-2018 = 1.08%
2018 = 1.41%
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 finance and insurance 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 finance and insurance employment growth of all 51 states over the latest available year (2018) against the backdrop of their growth over the long term period (2010-2018). In so doing we classify their growth and performance into 4 broad categories: Leading, Slipping, Gaining and Lagging.
Finance and Insurance
Employment Growth
State vs Nationwide Average: 2010-2018 and 2018
Finance and Insurance
Employment Growth
U.S.:
2010-2018 = 1.08%
2018 = 1.41%
This figure displays the 51 states of the United States as dots on a scattergram, with the vertical axis representing the average annual finance and insurance employment growth rate over the long-term period (2010-2018), and the horizontal axis representing the finance and insurance employment growth rate for the near-term (2018).
This figure sets apart those states whose long-term finance and insurance employment growth exceeded the nationwide average of 1.08%, by portraying them in the top two quadrants demarcated at 1.08% on the vertical axis. State whose long-term average annual finance and insurance employment growth rate trailed the nationwide average (1.08%) are distributed in the bottom two quadrants. In all, 15 states surpassed the nationwide average over 2010-2018, while 36 states fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 23 states whose most recent (2018) finance and insurance employment growth rate exceeded the nationwide average (1.41%). The two quadrants on the left feature those 28 states whose finance and insurance employment growth over 2018 trailed the nationwide average.
Accordingly, each quadrant portrays the performance of all 51 states corresponding with their long-term (2010-2018) and near-term (2018) performance relative to their respective nationwide averages of 1.08% over 2010-2018 and 1.41% over 2018:
Leading states () (top-right quadrant)...are states whose average annual finance and insurance employment growth rate surpassed the nationwide average both long-term (1.08%) and near-term (1.41%).
Slipping states () (top-left quadrant)...are states whose long-term average annual finance and insurance employment growth rate exceeded the nationwide average (1.08%), but whose near-term growth has "slipped" by falling below the the United States average (1.41%).
Gaining states () (bottom-right quadrant)...are states whose long-term average annual finance and insurance employment growth rate fell below the nationwide average (1.08%), but whose near-term growth has "gained" by registering above the average (1.41%) nationwide.
Lagging states () (bottom-left quadrant)...are states whose average annual finance and insurance employment growth rate fell under the nationwide average both long-term (1.08%) and near-term (1.41%).
   
 
Summary of United States' 51 State Totals
 
Short Term Average
 
 
Below
(1.41%)
Above
(1.41%)
 
Long
Term
Average
Above
(1.08%)
2
13
15
Below
(1.08%)
26
10
36
 
28
23
51
 
   
Leading States
2018 vs. 2010-2018 Averages
Leading States
U.S.:
2010-2018 = 1.08%
2018 = 1.41%
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 finance and insurance employment growth both long-term (2010-2018 = 1.08%) as well as near-term (2018 = 1.41%). Each is identified by its corresponding ranking based on it's average annual finance and insurance employment growth rate over 2010-2018.
Of the United States' 51 states, 13 (25%) are classified within the Leading () category. Those states ranked by their long-term average include:
Slipping States
2018 vs. 2010-2018 Averages
Slipping States
U.S.:
2010-2018 = 1.08%
2018 = 1.41%
This figure depicts the distribution of the 2 United States states classified as Slipping (top-left quadrant), in that their long-term average annual finance and insurance employment growth rate outpaced the average nationwide (2010-2018 = 1.08%), while they trailed the nationwide average near-term (2018 = 1.41%). Again, each state is identified by it's corresponding ranking based on its average annual finance and insurance employment growth rate over 2010-2018.
Only 2 (4%) of the United States' 51 states are classified as Slipping (). Those states ranked by their long-term average include:
Gaining States
2018 vs. 2010-2018 Averages
Gaining States
U.S.:
2010-2018 = 1.08%
2018 = 1.41%
This figure shows the distribution of the 10 United States states classified as Gaining (bottom-right quadrant), in that their long-term average annual finance and insurance employment growth rate posted below the average nationwide (2010-2018 = 1.08%), while they outpaced the United States' average near-term (2018 = 1.41%). Again, each state is identified by its corresponding ranking based on its average annual finance and insurance employment growth rate over 2010-2018.
Of the United States' 51 states, 20% (10) are featured as Gaining (). Those states ranked by their long-term average include:
Lagging States
2018 vs. 2010-2018 Averages
Lagging States
U.S.:
2010-2018 = 1.08%
2018 = 1.41%
This figure depicts the distributions of the 26 United States states classified as Lagging (bottom-left quadrant). These states trailed the nationwide average annual finance and insurance employment growth both long-term (2010-2018 = 1.08%) as well as near-term (2018 = 1.41%). Again, each state is identified by its corresponding ranking based on it's average annual finance and insurance employment growth rate over 2010-2018.
51% of the United States' states, 26 of 51, are characterized here as Lagging (). Those states ranked by their long-term average include:
   
 
United States
Finance and Insurance Employment Growth
State vs. Nationwide Average
 
2010-2018
 
2018
 
 
Leading States
 
1
2.53
 
3
2.94
250,251
 
14
1.10
 
10
1.89
218,096
 
9
1.52
 
15
1.57
26,224
 
2
2.43
 
5
2.60
727,122
 
7
1.64
 
22
1.44
294,145
 
15
1.09
 
1
3.72
42,645
 
10
1.35
 
20
1.48
920,352
 
5
1.83
 
4
2.90
272,839
 
11
1.15
 
9
1.91
183,038
 
3
2.42
 
8
2.07
1,039,012
 
12
1.14
 
2
3.11
131,661
 
8
1.62
 
13
1.69
227,252
 
4
2.24
 
11
1.87
18,551
Slipping States
 
6
1.67
 
44
0.07
60,177
 
13
1.14
 
41
0.39
27,175
Gaining States
 
18
0.97
 
7
2.24
61,972
 
39
0.16
 
19
1.48
498,235
 
30
0.69
 
14
1.65
219,070
 
42
-0.06
 
23
1.42
25,688
 
47
-0.21
 
6
2.55
87,208
 
20
0.94
 
21
1.47
351,849
 
32
0.62
 
17
1.53
410,639
 
19
0.95
 
16
1.53
115,218
 
34
0.55
 
18
1.52
171,694
 
51
-0.77
 
12
1.73
26,511
Lagging States
 
24
0.78
 
43
0.29
113,388
 
45
-0.12
 
46
-0.05
11,342
 
27
0.72
 
35
0.65
1,068,051
 
49
-0.34
 
47
-0.14
191,822
 
50
-0.34
 
30
0.91
29,807
 
33
0.57
 
26
1.27
153,708
 
28
0.71
 
38
0.52
134,642
 
21
0.91
 
49
-0.42
101,139
 
23
0.79
 
50
-0.52
107,471
 
22
0.80
 
45
-0.04
107,202
 
44
-0.10
 
24
1.33
33,480
 
41
-0.03
 
36
0.59
165,752
 
25
0.78
 
32
0.88
283,690
 
17
1.03
 
28
1.05
251,674
 
38
0.25
 
33
0.73
57,202
 
31
0.66
 
39
0.46
195,440
 
26
0.76
 
37
0.56
83,930
 
37
0.27
 
48
-0.36
42,283
 
35
0.51
 
25
1.29
344,887
 
43
-0.06
 
29
0.96
36,018
 
29
0.71
 
34
0.68
103,675
 
36
0.37
 
31
0.88
96,972
 
16
1.07
 
51
-0.94
37,593
 
40
0.15
 
42
0.38
39,903
 
46
-0.20
 
27
1.10
14,071
 
48
-0.32
 
40
0.42
182,834
 
 
 
 
 
 
 
 
 
1.08
 
1.41
10,394,600
November 2019
REAP_PI_SA1500N_511000_LSGL
 
   
Analysis Options Menu
Select Year Interval
to
Select Alternative Industry
Highlight a Region (Optional)
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

Please stay tuned...
while your request is processing:

Please wait while your request is being processed...
To offer the most comprehensive set of interactive options in support of your research, US-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request.
Your request will soon be available.
Just a few more seconds....Your request has been generated and is now loading the results.