Leading, Slipping, Gaining, Lagging Analysis: Assessing Federal Civilian Earnings Growth Across New Mexico Counties Real* Federal Civilian Earnings Growth County vs Statewide Average: 2010-2022 and 2022 New Mexico: 2010-2022 = 2.14% 2022 = 3.72% 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 federal civilian 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 federal civilian 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* Federal Civilian Earnings Growth County vs Statewide Average: 2010-2022 and 2022 New Mexico: 2010-2022 = 2.14% 2022 = 3.72% This figure displays the 33 counties of New Mexico as dots on a scattergram, with the vertical axis representing the average annual real federal civilian earnings growth rate over the long-term period (2010-2022), and the horizontal axis representing the real federal civilian earnings growth rate for the near-term (2022). This figure sets apart those counties whose long-term real federal civilian earnings growth exceeded the statewide average of 2.14%, by portraying them in the top two quadrants demarcated at 2.14% on the vertical axis. County whose long-term average annual real federal civilian earnings growth rate trailed the statewide average (2.14%) are distributed in the bottom two quadrants. In all, 13 counties surpassed the statewide average over 2010-2022, while 20 counties fell below. Similarly, the two quadrants on the right of this figure present the positions of the 18 counties whose most recent (2022) real federal civilian earnings growth rate exceeded the statewide average (3.72%). The two quadrants on the left feature those 15 counties whose real federal civilian 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 2.14% over 2010-2022 and 3.72% over 2022: Leading counties () (top-right quadrant)...are counties whose average annual real federal civilian earnings growth rate surpassed the statewide average both long-term (2.14%) and near-term (3.72%). Slipping counties () (top-left quadrant)...are counties whose long-term average annual real federal civilian earnings growth rate exceeded the statewide average (2.14%), but whose near-term growth has "slipped" by falling below the New Mexico average (3.72%). Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual real federal civilian earnings growth rate fell below the statewide average (2.14%), but whose near-term growth has "gained" by registering above the average (3.72%) statewide. Lagging counties () (bottom-left quadrant)...are counties whose average annual real federal civilian earnings growth rate fell under the statewide average both long-term (2.14%) and near-term (3.72%).
Leading Counties 2022 vs. 2010-2022 Averages New Mexico: 2010-2022 = 2.14% 2022 = 3.72% 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 federal civilian earnings growth both long-term (2010-2022 = 2.14%) as well as near-term (2022 = 3.72%). Each is identified by its corresponding ranking based on it's average annual real federal civilian earnings growth rate over 2010-2022. Of New Mexico's 33 counties, 7 (21%) are classified within the Leading () category. Those counties ranked by their long-term average include: Slipping Counties 2022 vs. 2010-2022 Averages New Mexico: 2010-2022 = 2.14% 2022 = 3.72% This figure depicts the distribution of the 6 New Mexico counties classified as Slipping (top-left quadrant), in that their long-term average annual real federal civilian earnings growth rate outpaced the average statewide (2010-2022 = 2.14%), while they trailed the statewide average near-term (2022 = 3.72%). Again, each county is identified by it's corresponding ranking based on its average annual real federal civilian earnings growth rate over 2010-2022. Observe that 6 (18%) 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 New Mexico: 2010-2022 = 2.14% 2022 = 3.72% This figure shows the distribution of the 11 New Mexico counties classified as Gaining (bottom-right quadrant), in that their long-term average annual real federal civilian earnings growth rate posted below the average statewide (2010-2022 = 2.14%), while they outpaced New Mexico's average near-term (2022 = 3.72%). Again, each county is identified by its corresponding ranking based on its average annual real federal civilian earnings growth rate over 2010-2022. Of New Mexico's 33 counties, 33% (11) are featured as Gaining (). Those counties ranked by their long-term average include: Lagging Counties 2022 vs. 2010-2022 Averages New Mexico: 2010-2022 = 2.14% 2022 = 3.72% 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 federal civilian earnings growth both long-term (2010-2022 = 2.14%) as well as near-term (2022 = 3.72%). Again, each county is identified by its corresponding ranking based on it's average annual real federal civilian 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:
| Analysis Options Menu |