Leading, Slipping, Gaining, Lagging Analysis:
Assessing Other Services (except Public Administration) Earnings Growth
Across New Mexico Counties
Real* Other Services (except Public Administration)
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Other Services (except Public Administration)
Earnings Growth
New Mexico:
2010-2022 = 3.16%
2022 = 10.07%
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 other services (except public administration) earnings growth across all of New Mexico's 33 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 New Mexico Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real other services (except public administration) earnings growth of New Mexico's 33 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.
Real* Other Services (except Public Administration)
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Other Services (except Public Administration)
Earnings Growth
New Mexico:
2010-2022 = 3.16%
2022 = 10.07%
This figure displays the 33 counties of New Mexico as dots on a scattergram, with the vertical axis representing the average annual real other services (except public administration) earnings growth rate over the long-term period (2010-2022), and the horizontal axis representing the real other services (except public administration) earnings growth rate for the near-term (2022).
This figure sets apart those counties whose long-term real other services (except public administration) earnings growth exceeded the statewide average of 3.16%, by portraying them in the top two quadrants demarcated at 3.16% on the vertical axis. County whose long-term average annual real other services (except public administration) earnings growth rate trailed the statewide average (3.16%) are distributed in the bottom two quadrants. In all, 9 counties surpassed the statewide average over 2010-2022, while 12 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 9 counties whose most recent (2022) real other services (except public administration) earnings growth rate exceeded the statewide average (10.07%). The two quadrants on the left feature those 12 counties whose real other services (except public administration) earnings growth over 2022 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 33 counties corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective statewide averages of 3.16% over 2010-2022 and 10.07% over 2022:
Leading counties () (top-right quadrant)...are counties whose average annual real other services (except public administration) earnings growth rate surpassed the statewide average both long-term (3.16%) and near-term (10.07%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual real other services (except public administration) earnings growth rate exceeded the statewide average (3.16%), but whose near-term growth has "slipped" by falling below the New Mexico average (10.07%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual real other services (except public administration) earnings growth rate fell below the statewide average (3.16%), but whose near-term growth has "gained" by registering above the average (10.07%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual real other services (except public administration) earnings growth rate fell under the statewide average both long-term (3.16%) and near-term (10.07%).
   
 
Summary of New Mexico's 33 County Totals
 
Short Term Average
 
 
Below
(10.07%)
Above
(10.07%)
 
Long
Term
Average
Above
(3.16%)
3
6
9
Below
(3.16%)
9
3
12
 
12
9
21
 
   
Leading Counties
2022 vs. 2010-2022 Averages
Leading Counties
white dot
New Mexico:
2010-2022 = 3.16%
2022 = 10.07%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the New Mexico counties classified as Leading. These counties surpassed New Mexico's average annual real other services (except public administration) earnings growth both long-term (2010-2022 = 3.16%) as well as near-term (2022 = 10.07%). Each is identified by its corresponding ranking based on it's average annual real other services (except public administration) earnings growth rate over 2010-2022.
Of New Mexico's 33 counties, 6 (18%) are classified within the Leading () category. Those counties ranked by their long-term average include:
Slipping Counties
2022 vs. 2010-2022 Averages
Slipping Counties
New Mexico:
2010-2022 = 3.16%
2022 = 10.07%
This figure depicts the distribution of the 3 New Mexico counties classified as Slipping (top-left quadrant), in that their long-term average annual real other services (except public administration) earnings growth rate outpaced the average statewide (2010-2022 = 3.16%), while they trailed the statewide average near-term (2022 = 10.07%). Again, each county is identified by it's corresponding ranking based on its average annual real other services (except public administration) earnings growth rate over 2010-2022.
Only 3 (9%) of New Mexico's 33 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
New Mexico:
2010-2022 = 3.16%
2022 = 10.07%
This figure shows the distribution of the 3 New Mexico counties classified as Gaining (bottom-right quadrant), in that their long-term average annual real other services (except public administration) earnings growth rate posted below the average statewide (2010-2022 = 3.16%), while they outpaced New Mexico's average near-term (2022 = 10.07%). Again, each county is identified by its corresponding ranking based on its average annual real other services (except public administration) earnings growth rate over 2010-2022.
Of New Mexico's 33 counties, only 9% (3) are featured as Gaining (). Those counties ranked by their long-term average include:
Lagging Counties
2022 vs. 2010-2022 Averages
Lagging Counties
white dot
New Mexico:
2010-2022 = 3.16%
2022 = 10.07%
This figure depicts the distributions of the 9 New Mexico counties classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual real other services (except public administration) earnings growth both long-term (2010-2022 = 3.16%) as well as near-term (2022 = 10.07%). Again, each county is identified by its corresponding ranking based on it's average annual real other services (except public administration) earnings growth rate over 2010-2022.
27% of New Mexico's counties, 9 of 33, are characterized here as Lagging (). Those counties ranked by their long-term average include:
   
 
New Mexico
Real* Other Services (except Public Administration) Earnings Growth
County vs. Statewide Average
 
2010-2022
 
2022
 
 
Leading Counties
 
5
3.65
 
3
16.25
49,666
 
8
3.47
 
6
11.80
16,803
 
4
3.88
 
8
10.78
106,692
 
1
4.85
 
7
11.24
304,354
 
6
3.56
 
5
11.98
29,756
 
2
4.61
 
1
20.03
11,901
Slipping Counties
 
7
3.48
 
14
9.46
20,929
 
9
3.42
 
17
9.01
49,753
 
3
4.46
 
18
8.18
26,138
Gaining Counties
 
15
2.59
 
9
10.36
51,951
 
13
2.83
 
10
10.17
172,668
 
20
0.32
 
11
10.08
15,185
Lagging Counties
 
10
3.15
 
13
9.49
879,944
 
21
-2.38
 
25
2.93
8,034
 
11
3.09
 
24
3.61
82,202
 
14
2.82
 
16
9.06
19,916
 
12
2.96
 
19
7.71
43,733
 
16
2.42
 
23
4.45
11,985
 
17
2.02
 
15
9.11
6,624
 
19
0.59
 
20
7.26
7,681
 
18
1.47
 
12
9.87
35,206
Undefined/Suppressed Counties
 
U
U
 
S
S
1,510
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
2
19.63
94,546
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
1,798
 
U
U
 
4
13.77
16,789
 
U
U
 
S
S
S
 
U
U
 
22
4.82
11,363
 
U
U
 
S
S
S
 
U
U
 
21
6.74
2,501
 
 
 
 
 
 
 
 
 
3.16
 
10.07
2,214,407
 
 
 
 
 
 
 
 
 
3.99
 
9.15
514,542,000
November 2023
REAP_PI_CA1600N_611900_LSGL
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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