Leading, Slipping, Gaining, Lagging Analysis:
Assessing Accommodation and Food Services Earnings Growth
Across California Counties
Real* Accommodation and Food Services
Earnings Growth
County vs Statewide Average: 2010-2017 and 2017
Real* Accommodation and Food Services
Earnings Growth
California:
2010-2017 = 7.57%
2017 = 5.47%
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 accommodation and food services earnings growth across all of California's 58 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 California Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real accommodation and food services earnings growth of California's 58 counties over the latest available year (2017) against the backdrop of their growth over the long term period (2010-2017). In so doing we classify their growth and performance into 4 broad categories: Leading, Slipping, Gaining and Lagging.
Real* Accommodation and Food Services
Earnings Growth
County vs Statewide Average: 2010-2017 and 2017
Real* Accommodation and Food Services
Earnings Growth
California:
2010-2017 = 7.57%
2017 = 5.47%
This figure displays the 58 counties of California as dots on a scattergram, with the vertical axis representing the average annual real accommodation and food services earnings growth rate over the long-term period (2010-2017), and the horizontal axis representing the real accommodation and food services earnings growth rate for the near-term (2017).
This figure sets apart those counties whose long-term real accommodation and food services earnings growth exceeded the statewide average of 7.57%, by portraying them in the top two quadrants demarcated at 7.57% on the vertical axis. County whose long-term average annual real accommodation and food services earnings growth rate trailed the statewide average (7.57%) are distributed in the bottom two quadrants. In all, 26 counties surpassed the statewide average over 2010-2017, while 26 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 26 counties whose most recent (2017) real accommodation and food services earnings growth rate exceeded the statewide average (5.47%). The two quadrants on the left feature those 26 counties whose real accommodation and food services earnings growth over 2017 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 58 counties corresponding with their long-term (2010-2017) and near-term (2017) performance relative to their respective statewide averages of 7.57% over 2010-2017 and 5.47% over 2017:
Leading counties () (top-right quadrant)...are counties whose average annual real accommodation and food services earnings growth rate surpassed the statewide average both long-term (7.57%) and near-term (5.47%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual real accommodation and food services earnings growth rate exceeded the statewide average (7.57%), but whose near-term growth has "slipped" by falling below the California average (5.47%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual real accommodation and food services earnings growth rate fell below the statewide average (7.57%), but whose near-term growth has "gained" by registering above the average (5.47%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual real accommodation and food services earnings growth rate fell under the statewide average both long-term (7.57%) and near-term (5.47%).
   
 
Summary of California's 58 County Totals
 
Short Term Average
 
 
Below
(5.47%)
Above
(5.47%)
 
Long
Term
Average
Above
(7.57%)
11
15
26
Below
(7.57%)
15
11
26
 
26
26
52
 
   
Leading Counties
2017 vs. 2010-2017 Averages
Leading Counties
California:
2010-2017 = 7.57%
2017 = 5.47%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the California counties classified as Leading. These counties surpassed California's average annual real accommodation and food services earnings growth both long-term (2010-2017 = 7.57%) as well as near-term (2017 = 5.47%). Each is identified by its corresponding ranking based on it's average annual real accommodation and food services earnings growth rate over 2010-2017.
Of California's 58 counties, 15 (26%) are classified within the Leading () category. Those counties ranked by their long-term average include:
Slipping Counties
2017 vs. 2010-2017 Averages
Slipping Counties
California:
2010-2017 = 7.57%
2017 = 5.47%
This figure depicts the distribution of the 11 California counties classified as Slipping (top-left quadrant), in that their long-term average annual real accommodation and food services earnings growth rate outpaced the average statewide (2010-2017 = 7.57%), while they trailed the statewide average near-term (2017 = 5.47%). Again, each county is identified by it's corresponding ranking based on its average annual real accommodation and food services earnings growth rate over 2010-2017.
Observe that 11 (19%) of California's 58 counties are classified as Slipping (). Those counties ranked by their long-term average include:
Gaining Counties
2017 vs. 2010-2017 Averages
Gaining Counties
California:
2010-2017 = 7.57%
2017 = 5.47%
This figure shows the distribution of the 11 California counties classified as Gaining (bottom-right quadrant), in that their long-term average annual real accommodation and food services earnings growth rate posted below the average statewide (2010-2017 = 7.57%), while they outpaced California's average near-term (2017 = 5.47%). Again, each county is identified by its corresponding ranking based on its average annual real accommodation and food services earnings growth rate over 2010-2017.
Of California's 58 counties, 19% (11) are featured as Gaining (). Those counties ranked by their long-term average include:
Lagging Counties
2017 vs. 2010-2017 Averages
Lagging Counties
California:
2010-2017 = 7.57%
2017 = 5.47%
This figure depicts the distributions of the 15 California counties classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual real accommodation and food services earnings growth both long-term (2010-2017 = 7.57%) as well as near-term (2017 = 5.47%). Again, each county is identified by its corresponding ranking based on it's average annual real accommodation and food services earnings growth rate over 2010-2017.
26% of California's counties, 15 of 58, are characterized here as Lagging (). Those counties ranked by their long-term average include:
   
 
California
Real* Accommodation and Food Services Earnings Growth
County vs. Statewide Average
 
2010-2017
 
2017
 
 
Leading Counties
 
17
8.37
 
3
22.57
29,756
 
9
9.38
 
8
11.39
252,610
 
16
8.46
 
19
6.52
96,653
 
19
8.16
 
1
40.14
180,757
 
25
7.69
 
25
5.68
983,876
 
5
10.14
 
13
7.40
131,421
 
10
8.88
 
24
5.74
644,728
 
1
13.63
 
2
26.28
28,545
 
7
9.51
 
9
10.08
42,073
 
22
7.93
 
15
6.85
1,869,313
 
6
10.11
 
27
5.50
3,501,738
 
13
8.73
 
26
5.53
453,026
 
15
8.49
 
23
5.87
49,456
 
21
7.97
 
14
7.08
471,855
 
2
11.46
 
4
17.28
73,535
Slipping Counties
 
4
10.27
 
33
4.75
2,438,345
 
23
7.91
 
34
4.52
1,245,127
 
20
8.04
 
28
5.35
611,207
 
24
7.90
 
50
-0.22
145,717
 
18
8.16
 
45
2.58
525,113
 
26
7.59
 
31
4.99
1,633,953
 
14
8.61
 
32
4.84
586,969
 
3
10.45
 
30
5.13
1,915,561
 
11
8.85
 
47
2.52
953,844
 
12
8.84
 
29
5.16
774,823
 
8
9.43
 
39
3.60
303,599
Gaining Counties
 
27
7.50
 
11
8.53
214,579
 
32
7.10
 
6
11.94
29,737
 
49
4.65
 
16
6.81
53,978
 
51
2.54
 
5
12.31
27,508
 
29
7.43
 
21
6.39
15,177,097
 
30
7.23
 
20
6.43
2,479,535
 
37
6.67
 
17
6.67
5,949,084
 
34
6.87
 
12
8.07
568,191
 
40
6.42
 
10
8.67
69,057
 
46
5.33
 
22
6.36
31,691
 
43
5.94
 
18
6.63
928,416
Lagging Counties
 
48
5.02
 
53
-3.33
18,005
 
33
6.89
 
35
4.44
803,540
 
50
3.60
 
51
-0.41
15,700
 
39
6.52
 
43
3.26
166,927
 
44
5.70
 
49
0.49
110,947
 
42
6.03
 
46
2.54
615,431
 
38
6.65
 
37
3.69
81,254
 
52
1.64
 
48
2.31
76,363
 
45
5.65
 
36
3.99
137,060
 
28
7.44
 
38
3.65
6,040,838
 
41
6.16
 
44
2.84
4,045,923
 
47
5.13
 
42
3.45
163,901
 
31
7.14
 
40
3.58
380,061
 
35
6.83
 
41
3.48
195,057
 
36
6.76
 
52
-1.82
29,721
Undefined/Suppressed Counties
 
U
U
 
S
S
S
 
U
U
 
S
S
30,295
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
1,541
 
U
U
 
7
11.62
8,408
 
 
 
 
 
 
 
 
 
7.57
 
5.47
58,422,017
 
 
 
 
 
 
 
 
 
6.07
 
4.84
407,401,000
November 2018
REAP_PI_CA1600N_611800_LSGL
 
   
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