Leading, Slipping, Gaining, Lagging Analysis:
Assessing Transportation and Warehousing Employment Growth
Across New Mexico Counties
Transportation and Warehousing
Employment Growth
County vs Statewide Average: 2010-2022 and 2022
Transportation and Warehousing
Employment Growth
New Mexico:
2010-2022 = 4.97%
2022 = 15.10%
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 transportation and warehousing employment 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 transportation and warehousing employment 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.
Transportation and Warehousing
Employment Growth
County vs Statewide Average: 2010-2022 and 2022
Transportation and Warehousing
Employment Growth
New Mexico:
2010-2022 = 4.97%
2022 = 15.10%
This figure displays the 33 counties of New Mexico as dots on a scattergram, with the vertical axis representing the average annual transportation and warehousing employment growth rate over the long-term period (2010-2022), and the horizontal axis representing the transportation and warehousing employment growth rate for the near-term (2022).
This figure sets apart those counties whose long-term transportation and warehousing employment growth exceeded the statewide average of 4.97%, by portraying them in the top two quadrants demarcated at 4.97% on the vertical axis. County whose long-term average annual transportation and warehousing employment growth rate trailed the statewide average (4.97%) are distributed in the bottom two quadrants. In all, 6 counties surpassed the statewide average over 2010-2022, while 18 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 5 counties whose most recent (2022) transportation and warehousing employment growth rate exceeded the statewide average (15.10%). The two quadrants on the left feature those 19 counties whose transportation and warehousing employment 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 4.97% over 2010-2022 and 15.10% over 2022:
Leading counties () (top-right quadrant)...are counties whose average annual transportation and warehousing employment growth rate surpassed the statewide average both long-term (4.97%) and near-term (15.10%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual transportation and warehousing employment growth rate exceeded the statewide average (4.97%), but whose near-term growth has "slipped" by falling below the New Mexico average (15.10%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual transportation and warehousing employment growth rate fell below the statewide average (4.97%), but whose near-term growth has "gained" by registering above the average (15.10%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual transportation and warehousing employment growth rate fell under the statewide average both long-term (4.97%) and near-term (15.10%).
   
 
Summary of New Mexico's 33 County Totals
 
Short Term Average
 
 
Below
(15.10%)
Above
(15.10%)
 
Long
Term
Average
Above
(4.97%)
4
2
6
Below
(4.97%)
15
3
18
 
19
5
24
 
   
Leading Counties
2022 vs. 2010-2022 Averages
Leading Counties
white dot
New Mexico:
2010-2022 = 4.97%
2022 = 15.10%
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 transportation and warehousing employment growth both long-term (2010-2022 = 4.97%) as well as near-term (2022 = 15.10%). Each is identified by its corresponding ranking based on it's average annual transportation and warehousing employment growth rate over 2010-2022.
Of New Mexico's 33 counties, just 2 (6%) 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 = 4.97%
2022 = 15.10%
This figure depicts the distribution of the 4 New Mexico counties classified as Slipping (top-left quadrant), in that their long-term average annual transportation and warehousing employment growth rate outpaced the average statewide (2010-2022 = 4.97%), while they trailed the statewide average near-term (2022 = 15.10%). Again, each county is identified by it's corresponding ranking based on its average annual transportation and warehousing employment growth rate over 2010-2022.
Only 4 (12%) 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 = 4.97%
2022 = 15.10%
This figure shows the distribution of the 3 New Mexico counties classified as Gaining (bottom-right quadrant), in that their long-term average annual transportation and warehousing employment growth rate posted below the average statewide (2010-2022 = 4.97%), while they outpaced New Mexico's average near-term (2022 = 15.10%). Again, each county is identified by its corresponding ranking based on its average annual transportation and warehousing employment 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 = 4.97%
2022 = 15.10%
This figure depicts the distributions of the 15 New Mexico counties classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual transportation and warehousing employment growth both long-term (2010-2022 = 4.97%) as well as near-term (2022 = 15.10%). Again, each county is identified by its corresponding ranking based on it's average annual transportation and warehousing employment growth rate over 2010-2022.
45% of New Mexico's counties, 15 of 33, are characterized here as Lagging (). Those counties ranked by their long-term average include:
   
 
New Mexico
Transportation and Warehousing Employment Growth
County vs. Statewide Average
 
2010-2022
 
2022
 
 
Leading Counties
 
4
7.01
 
3
25.73
19,918
 
2
9.93
 
5
17.03
1,986
Slipping Counties
 
3
7.36
 
12
7.08
2,192
 
1
14.14
 
23
0.00
4
 
5
6.37
 
8
11.36
2,745
 
6
5.55
 
26
-14.49
242
Gaining Counties
 
18
1.01
 
2
27.91
110
 
13
2.64
 
1
61.54
189
 
24
-1.83
 
4
17.74
146
Lagging Counties
 
10
3.10
 
11
7.40
1,524
 
12
2.65
 
17
4.34
1,420
 
7
4.73
 
19
3.74
4,468
 
22
-0.08
 
16
4.76
154
 
17
2.47
 
14
5.08
62
 
11
2.88
 
18
3.95
79
 
9
3.89
 
20
1.87
436
 
23
-0.50
 
22
0.29
687
 
8
4.48
 
10
8.83
887
 
16
2.54
 
21
1.48
274
 
20
0.64
 
24
-0.19
534
 
21
0.50
 
9
11.00
1,786
 
15
2.56
 
14
5.08
124
 
19
0.73
 
25
-2.76
141
 
14
2.60
 
7
14.44
2,211
Undefined/Suppressed Counties
 
U
U
 
S
S
S
 
U
U
 
S
S
124
 
U
U
 
6
16.00
29
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
13
6.65
1,812
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
 
 
 
 
 
 
 
 
4.97
 
15.10
44,779
 
 
 
 
 
 
 
 
 
5.81
 
8.06
11,473,500
November 2023
REAP_PI_CA1500N_510800_LSGL
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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