Leading, Slipping, Gaining, Lagging Analysis:
Assessing Finance and Insurance Employment Growth
Across Virginia Counties
Finance and Insurance
Employment Growth
County vs Statewide Average: 2010-2022 and 2022
Finance and Insurance
Employment Growth
Virginia:
2010-2022 = 2.66%
2022 = 7.61%
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 Virginia's 82 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 Virginia Regional Economic Analysis Project report, we adopt this approach to gauge and compare the finance and insurance employment growth of Virginia's 82 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
Virginia:
2010-2022 = 2.66%
2022 = 7.61%
This figure displays the 82 counties of Virginia 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 2.66%, by portraying them in the top two quadrants demarcated at 2.66% on the vertical axis. County whose long-term average annual finance and insurance employment growth rate trailed the statewide average (2.66%) are distributed in the bottom two quadrants. In all, 27 counties surpassed the statewide average over 2010-2022, while 37 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 44 counties whose most recent (2022) finance and insurance employment growth rate exceeded the statewide average (7.61%). The two quadrants on the left feature those 20 counties whose finance and insurance employment growth over 2022 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 82 counties corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective statewide averages of 2.66% over 2010-2022 and 7.61% 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 (2.66%) and near-term (7.61%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual finance and insurance employment growth rate exceeded the statewide average (2.66%), but whose near-term growth has "slipped" by falling below the Virginia average (7.61%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual finance and insurance employment growth rate fell below the statewide average (2.66%), but whose near-term growth has "gained" by registering above the average (7.61%) 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 (2.66%) and near-term (7.61%).
   
 
Summary of Virginia's 82 County Totals
 
Short Term Average
 
 
Below
(7.61%)
Above
(7.61%)
 
Long
Term
Average
Above
(2.66%)
0
27
27
Below
(2.66%)
20
17
37
 
20
44
64
 
   
Leading Counties
2022 vs. 2010-2022 Averages
Leading Counties
white dot
Virginia:
2010-2022 = 2.66%
2022 = 7.61%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the Virginia counties classified as Leading. These counties surpassed Virginia's average annual finance and insurance employment growth both long-term (2010-2022 = 2.66%) as well as near-term (2022 = 7.61%). Each is identified by its corresponding ranking based on it's average annual finance and insurance employment growth rate over 2010-2022.
Of Virginia's 82 counties, 27 (33%) are classified within the Leading () category. Those counties ranked by their long-term average include:
Gaining Counties
2022 vs. 2010-2022 Averages
Gaining Counties
white dot
Virginia:
2010-2022 = 2.66%
2022 = 7.61%
This figure shows the distribution of the 17 Virginia 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 = 2.66%), while they outpaced Virginia's average near-term (2022 = 7.61%). Again, each county is identified by its corresponding ranking based on its average annual finance and insurance employment growth rate over 2010-2022.
Of Virginia's 82 counties, 21% (17) are featured as Gaining (). Those counties ranked by their long-term average include:
Lagging Counties
2022 vs. 2010-2022 Averages
Lagging Counties
white dot
Virginia:
2010-2022 = 2.66%
2022 = 7.61%
This figure depicts the distributions of the 20 Virginia counties classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual finance and insurance employment growth both long-term (2010-2022 = 2.66%) as well as near-term (2022 = 7.61%). Again, each county is identified by its corresponding ranking based on it's average annual finance and insurance employment growth rate over 2010-2022.
24% of Virginia's counties, 20 of 82, are characterized here as Lagging (). Those counties ranked by their long-term average include:
   
 
Virginia
Finance and Insurance Employment Growth
County vs. Statewide Average
 
2010-2022
 
2022
 
 
Leading Counties
 
22
2.89
 
13
14.11
461
 
14
4.17
 
19
12.43
199
 
2
6.01
 
28
11.18
189
 
3
5.91
 
1
56.62
10,783
 
15
4.05
 
24
11.60
1,915
 
18
3.79
 
32
10.06
766
 
16
3.91
 
31
10.14
1,814
 
20
3.29
 
2
30.21
375
 
24
2.77
 
16
13.18
953
 
6
5.02
 
29
10.86
296
 
8
4.92
 
4
23.13
165
 
23
2.86
 
15
13.61
2,922
 
25
2.70
 
43
8.60
518
 
4
5.65
 
35
9.43
11,918
 
19
3.43
 
9
15.68
509
 
1
8.89
 
3
27.43
223
 
21
3.12
 
23
11.70
105
 
11
4.63
 
7
16.22
301
 
5
5.53
 
14
13.93
368
 
7
4.94
 
21
12.20
331
 
27
2.67
 
5
17.06
549
 
13
4.27
 
11
14.14
686
 
26
2.69
 
30
10.26
430
 
9
4.75
 
47
8.24
184
 
12
4.49
 
18
12.50
7,711
 
17
3.81
 
33
9.93
14,765
 
10
4.64
 
34
9.76
1,754
Gaining Counties
 
50
0.98
 
44
8.53
318
 
29
2.45
 
17
13.15
757
 
28
2.62
 
6
17.01
172
 
63
-1.06
 
8
15.95
298
 
51
0.97
 
12
14.12
202
 
45
1.24
 
27
11.29
276
 
34
2.00
 
46
8.45
308
 
49
1.07
 
38
9.09
216
 
40
1.54
 
41
8.77
459
 
33
2.10
 
39
8.92
232
 
57
0.63
 
36
9.21
403
 
48
1.12
 
37
9.14
836
 
39
1.59
 
49
7.69
672
 
47
1.13
 
48
7.90
519
 
58
0.35
 
45
8.46
1,552
 
37
1.70
 
26
11.45
9,754
 
31
2.24
 
25
11.52
1,268
Lagging Counties
 
61
-0.50
 
66
3.59
202
 
43
1.39
 
58
6.15
11,537
 
64
-3.18
 
69
-3.95
170
 
53
0.85
 
55
6.56
585
 
46
1.17
 
64
4.28
195
 
36
1.88
 
51
7.09
453
 
52
0.89
 
61
5.52
25,537
 
32
2.10
 
60
5.58
549
 
62
-0.67
 
53
6.78
189
 
60
-0.39
 
62
4.94
489
 
42
1.45
 
56
6.40
183
 
59
-0.39
 
67
3.13
165
 
41
1.53
 
63
4.69
268
 
38
1.69
 
52
6.91
356
 
54
0.83
 
50
7.39
683
 
55
0.80
 
54
6.60
210
 
44
1.37
 
57
6.35
5,142
 
56
0.66
 
59
5.75
3,109
 
35
1.95
 
68
3.03
4,590
 
30
2.25
 
65
3.84
17,628
Undefined/Suppressed Counties
 
U
U
 
S
S
52
 
U
U
 
S
S
S
 
U
U
 
10
14.77
202
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
20
12.22
248
 
U
U
 
S
S
S
 
U
U
 
S
S
68
 
U
U
 
S
S
S
 
U
U
 
40
8.78
285
 
U
U
 
S
S
S
 
U
U
 
22
11.96
206
 
U
U
 
42
8.64
88
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
85
 
 
 
 
 
 
 
 
 
2.66
 
7.61
275,590
 
 
 
 
 
 
 
 
 
2.53
 
7.91
12,982,300
November 2023
REAP_PI_CA1500N_511000_LSGL
 
   
Analysis Options Menu
Select Year Interval
to
Select Alternative Industry
Highlight a Region (Optional)
Copyright © 2023. 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, VA-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.