Leading, Slipping, Gaining, Lagging Analysis:
Assessing Finance and Insurance Employment Growth
Across Arkansas Counties
Finance and Insurance
Employment Growth
County vs Statewide Average: 2010-2022 and 2022
Finance and Insurance
Employment Growth
Arkansas:
2010-2022 = 2.42%
2022 = 8.22%
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 of Arkansas' 75 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 Arkansas Regional Economic Analysis Project report, we adopt this approach to gauge and compare the finance and insurance employment growth of Arkansas' 75 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.
Finance and Insurance
Employment Growth
County vs Statewide Average: 2010-2022 and 2022
Finance and Insurance
Employment Growth
Arkansas:
2010-2022 = 2.42%
2022 = 8.22%
This figure displays the 75 counties of Arkansas as dots on a scattergram, with the vertical axis representing the average annual finance and insurance employment growth rate over the long-term period (2010-2022), and the horizontal axis representing the finance and insurance employment growth rate for the near-term (2022).
This figure sets apart those counties whose long-term finance and insurance employment growth exceeded the statewide average of 2.42%, by portraying them in the top two quadrants demarcated at 2.42% on the vertical axis. County whose long-term average annual finance and insurance employment growth rate trailed the statewide average (2.42%) are distributed in the bottom two quadrants. In all, 21 counties surpassed the statewide average over 2010-2022, while 41 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 37 counties whose most recent (2022) finance and insurance employment growth rate exceeded the statewide average (8.22%). The two quadrants on the left feature those 25 counties whose finance and insurance employment growth over 2022 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 75 counties corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective statewide averages of 2.42% over 2010-2022 and 8.22% over 2022:
Leading counties () (top-right quadrant)...are counties whose average annual finance and insurance employment growth rate surpassed the statewide average both long-term (2.42%) and near-term (8.22%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual finance and insurance employment growth rate exceeded the statewide average (2.42%), but whose near-term growth has "slipped" by falling below the Arkansas average (8.22%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual finance and insurance employment growth rate fell below the statewide average (2.42%), but whose near-term growth has "gained" by registering above the average (8.22%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual finance and insurance employment growth rate fell under the statewide average both long-term (2.42%) and near-term (8.22%).
   
 
Summary of Arkansas' 75 County Totals
 
Short Term Average
 
 
Below
(8.22%)
Above
(8.22%)
 
Long
Term
Average
Above
(2.42%)
5
16
21
Below
(2.42%)
20
21
41
 
25
37
62
 
   
Leading Counties
2022 vs. 2010-2022 Averages
Leading Counties
white dot
Arkansas:
2010-2022 = 2.42%
2022 = 8.22%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the Arkansas counties classified as Leading. These counties surpassed Arkansas' average annual finance and insurance employment growth both long-term (2010-2022 = 2.42%) as well as near-term (2022 = 8.22%). Each is identified by its corresponding ranking based on it's average annual finance and insurance employment growth rate over 2010-2022.
Of Arkansas' 75 counties, 16 (21%) are classified within the Leading () category. Those counties ranked by their long-term average include:
Slipping Counties
2022 vs. 2010-2022 Averages
Slipping Counties
Arkansas:
2010-2022 = 2.42%
2022 = 8.22%
This figure depicts the distribution of the 5 Arkansas counties classified as Slipping (top-left quadrant), in that their long-term average annual finance and insurance employment growth rate outpaced the average statewide (2010-2022 = 2.42%), while they trailed the statewide average near-term (2022 = 8.22%). Again, each county is identified by it's corresponding ranking based on its average annual finance and insurance employment growth rate over 2010-2022.
Only 5 (7%) of Arkansas' 75 counties are classified as Slipping (). Those counties ranked by their long-term average include:
Gaining Counties
2022 vs. 2010-2022 Averages
Gaining Counties
white dot
Arkansas:
2010-2022 = 2.42%
2022 = 8.22%
This figure shows the distribution of the 21 Arkansas counties classified as Gaining (bottom-right quadrant), in that their long-term average annual finance and insurance employment growth rate posted below the average statewide (2010-2022 = 2.42%), while they outpaced Arkansas' average near-term (2022 = 8.22%). Again, each county is identified by its corresponding ranking based on its average annual finance and insurance employment growth rate over 2010-2022.
Of Arkansas' 75 counties, 28% (21) are featured as Gaining (). Those counties ranked by their long-term average include:
Lagging Counties
2022 vs. 2010-2022 Averages
Lagging Counties
white dot
Arkansas:
2010-2022 = 2.42%
2022 = 8.22%
This figure depicts the distributions of the 20 Arkansas counties classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual finance and insurance employment growth both long-term (2010-2022 = 2.42%) as well as near-term (2022 = 8.22%). Again, each county is identified by its corresponding ranking based on it's average annual finance and insurance employment growth rate over 2010-2022.
27% of Arkansas' counties, 20 of 75, are characterized here as Lagging (). Those counties ranked by their long-term average include:
   
 
Arkansas
Finance and Insurance Employment Growth
County vs. Statewide Average
 
2010-2022
 
2022
 
 
Leading Counties
 
6
3.66
 
6
12.65
1,256
 
12
2.92
 
33
8.71
2,633
 
10
3.34
 
24
9.30
964
 
9
3.44
 
22
9.35
2,946
 
5
3.86
 
2
18.57
166
 
3
4.37
 
25
9.23
1,006
 
7
3.58
 
29
8.94
963
 
17
2.78
 
13
10.29
300
 
11
3.03
 
28
8.94
134
 
8
3.52
 
26
9.22
1,362
 
1
4.64
 
8
10.85
235
 
16
2.81
 
32
8.80
235
 
20
2.56
 
27
8.97
85
 
4
4.09
 
19
9.62
2,268
 
18
2.70
 
15
10.03
5,735
 
13
2.88
 
35
8.57
1,495
Slipping Counties
 
2
4.63
 
47
7.23
7,014
 
19
2.67
 
44
7.64
634
 
15
2.87
 
45
7.43
506
 
21
2.43
 
50
6.80
2,655
 
14
2.87
 
43
7.74
24,858
Gaining Counties
 
49
0.53
 
39
8.31
365
 
44
0.83
 
14
10.24
786
 
27
1.56
 
9
10.71
217
 
50
0.43
 
4
13.17
636
 
24
1.96
 
12
10.34
128
 
48
0.58
 
21
9.40
384
 
55
-0.09
 
1
19.59
232
 
40
0.97
 
3
13.82
420
 
28
1.44
 
10
10.53
210
 
56
-0.11
 
20
9.56
1,261
 
57
-0.30
 
31
8.85
123
 
25
1.87
 
17
9.91
643
 
22
2.35
 
34
8.65
113
 
39
1.17
 
37
8.33
286
 
38
1.18
 
11
10.44
328
 
60
-0.87
 
23
9.35
304
 
47
0.68
 
37
8.33
78
 
37
1.18
 
7
11.62
3,045
 
45
0.76
 
36
8.46
218
 
32
1.39
 
30
8.85
1,033
 
41
0.95
 
18
9.72
79
Lagging Counties
 
42
0.93
 
62
2.70
456
 
59
-0.42
 
48
7.02
183
 
58
-0.38
 
41
8.00
189
 
31
1.40
 
66
-0.46
433
 
34
1.25
 
51
6.71
477
 
53
0.21
 
59
4.30
315
 
33
1.25
 
54
6.01
247
 
46
0.70
 
67
-0.71
279
 
51
0.42
 
63
1.07
189
 
29
1.43
 
49
6.85
234
 
61
-1.43
 
60
3.35
247
 
62
-2.15
 
58
4.42
425
 
54
0.06
 
56
4.90
107
 
43
0.83
 
55
5.67
354
 
35
1.20
 
53
6.06
70
 
23
2.05
 
46
7.33
366
 
36
1.19
 
64
0.00
1,192
 
26
1.74
 
57
4.50
209
 
52
0.22
 
52
6.59
97
 
30
1.42
 
64
0.00
210
Undefined/Suppressed Counties
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
5
12.87
377
 
U
U
 
42
7.77
305
 
U
U
 
S
S
262
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
105
 
U
U
 
S
S
S
 
U
U
 
S
S
284
 
U
U
 
61
3.31
250
 
U
U
 
40
8.18
291
 
U
U
 
16
9.97
331
 
 
 
 
 
 
 
 
 
2.42
 
8.22
77,180
 
 
 
 
 
 
 
 
 
2.53
 
7.91
12,982,300
November 2023
REAP_PI_CA1500N_511000_LSGL
 
   
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