Leading, Slipping, Gaining, Lagging Analysis:
Assessing Information Earnings Growth
Across Michigan Counties
Real* Information
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Information
Earnings Growth
Michigan:
2010-2022 = 2.77%
2022 = 1.05%
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 information earnings growth across all of Michigan's 83 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 Michigan Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real information earnings growth of Michigan's 83 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* Information
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Information
Earnings Growth
Michigan:
2010-2022 = 2.77%
2022 = 1.05%
This figure displays the 83 counties of Michigan as dots on a scattergram, with the vertical axis representing the average annual real information earnings growth rate over the long-term period (2010-2022), and the horizontal axis representing the real information earnings growth rate for the near-term (2022).
This figure sets apart those counties whose long-term real information earnings growth exceeded the statewide average of 2.77%, by portraying them in the top two quadrants demarcated at 2.77% on the vertical axis. County whose long-term average annual real information earnings growth rate trailed the statewide average (2.77%) are distributed in the bottom two quadrants. In all, 32 counties surpassed the statewide average over 2010-2022, while 34 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 15 counties whose most recent (2022) real information earnings growth rate exceeded the statewide average (1.05%). The two quadrants on the left feature those 51 counties whose real information earnings growth over 2022 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 83 counties corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective statewide averages of 2.77% over 2010-2022 and 1.05% over 2022:
Leading counties () (top-right quadrant)...are counties whose average annual real information earnings growth rate surpassed the statewide average both long-term (2.77%) and near-term (1.05%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual real information earnings growth rate exceeded the statewide average (2.77%), but whose near-term growth has "slipped" by falling below the Michigan average (1.05%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual real information earnings growth rate fell below the statewide average (2.77%), but whose near-term growth has "gained" by registering above the average (1.05%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual real information earnings growth rate fell under the statewide average both long-term (2.77%) and near-term (1.05%).
   
 
Summary of Michigan's 83 County Totals
 
Short Term Average
 
 
Below
(1.05%)
Above
(1.05%)
 
Long
Term
Average
Above
(2.77%)
23
9
32
Below
(2.77%)
28
6
34
 
51
15
66
 
   
Leading Counties
2022 vs. 2010-2022 Averages
Leading Counties
white dot
Michigan:
2010-2022 = 2.77%
2022 = 1.05%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the Michigan counties classified as Leading. These counties surpassed Michigan's average annual real information earnings growth both long-term (2010-2022 = 2.77%) as well as near-term (2022 = 1.05%). Each is identified by its corresponding ranking based on it's average annual real information earnings growth rate over 2010-2022.
Of Michigan's 83 counties, just 9 (11%) are classified within the Leading () category. Those counties ranked by their long-term average include:
Slipping Counties
2022 vs. 2010-2022 Averages
Slipping Counties
Michigan:
2010-2022 = 2.77%
2022 = 1.05%
This figure depicts the distribution of the 23 Michigan counties classified as Slipping (top-left quadrant), in that their long-term average annual real information earnings growth rate outpaced the average statewide (2010-2022 = 2.77%), while they trailed the statewide average near-term (2022 = 1.05%). Again, each county is identified by it's corresponding ranking based on its average annual real information earnings growth rate over 2010-2022.
Observe that 23 (28%) of Michigan's 83 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
Michigan:
2010-2022 = 2.77%
2022 = 1.05%
This figure shows the distribution of the 6 Michigan counties classified as Gaining (bottom-right quadrant), in that their long-term average annual real information earnings growth rate posted below the average statewide (2010-2022 = 2.77%), while they outpaced Michigan's average near-term (2022 = 1.05%). Again, each county is identified by its corresponding ranking based on its average annual real information earnings growth rate over 2010-2022.
Of Michigan's 83 counties, only 7% (6) are featured as Gaining (). Those counties ranked by their long-term average include:
Lagging Counties
2022 vs. 2010-2022 Averages
Lagging Counties
white dot
Michigan:
2010-2022 = 2.77%
2022 = 1.05%
This figure depicts the distributions of the 28 Michigan counties classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual real information earnings growth both long-term (2010-2022 = 2.77%) as well as near-term (2022 = 1.05%). Again, each county is identified by its corresponding ranking based on it's average annual real information earnings growth rate over 2010-2022.
34% of Michigan's counties, 28 of 83, are characterized here as Lagging (). Those counties ranked by their long-term average include:
   
 
Michigan
Real* Information Earnings Growth
County vs. Statewide Average
 
2010-2022
 
2022
 
 
Leading Counties
 
2
10.44
 
1
45.37
6,197
 
10
8.13
 
6
8.26
1,311
 
26
3.90
 
11
5.70
9,074
 
12
7.32
 
12
5.67
95,053
 
8
8.63
 
3
29.22
11,304
 
18
5.88
 
13
4.46
24,709
 
22
4.60
 
7
8.25
541,820
 
9
8.16
 
10
5.87
66,046
 
1
18.62
 
2
30.05
36,124
Slipping Counties
 
29
3.50
 
43
-3.43
4,979
 
32
2.94
 
16
0.77
14,327
 
19
5.76
 
34
-2.13
2,670
 
15
6.54
 
61
-9.96
2,486
 
16
6.48
 
47
-5.10
21,486
 
6
9.18
 
67
-12.99
57,333
 
21
4.71
 
25
-0.99
264,753
 
5
9.65
 
41
-3.39
3,958
 
13
7.01
 
69
-20.00
96
 
3
10.24
 
63
-12.27
12,089
 
27
3.76
 
65
-12.64
3,731
 
25
3.96
 
44
-4.39
21,204
 
17
5.97
 
35
-2.21
7,663
 
24
4.05
 
32
-2.02
26,590
 
11
7.64
 
18
0.71
6,247
 
28
3.75
 
21
-0.26
2,302,273
 
4
9.79
 
39
-2.66
6,036
 
23
4.51
 
27
-1.02
84,977
 
20
5.48
 
52
-5.96
1,958
 
14
6.91
 
57
-7.29
941
 
30
3.04
 
19
0.68
13,671
 
7
8.73
 
28
-1.17
992,659
 
31
2.99
 
37
-2.30
17,865
Gaining Counties
 
43
0.31
 
4
12.25
5,617
 
53
-1.86
 
5
8.37
3,210
 
62
-3.18
 
8
6.52
31,269
 
51
-1.57
 
14
2.08
4,017
 
66
-9.29
 
15
1.36
14,579
 
41
0.66
 
9
6.27
965,473
Lagging Counties
 
45
0.07
 
50
-5.30
9,388
 
61
-2.99
 
30
-1.49
6,494
 
44
0.22
 
40
-2.88
30,541
 
38
1.94
 
33
-2.02
37,395
 
37
1.97
 
45
-4.40
8,089
 
63
-4.81
 
49
-5.24
15,026
 
65
-6.09
 
58
-7.34
1,123
 
58
-2.87
 
24
-0.91
5,024
 
47
-0.15
 
31
-1.90
97,008
 
39
1.88
 
64
-12.35
3,471
 
33
2.20
 
17
0.72
84,400
 
52
-1.59
 
29
-1.39
3,120
 
57
-2.58
 
60
-8.00
2,943
 
34
2.20
 
20
0.18
4,365
 
46
-0.11
 
53
-6.14
1,376
 
59
-2.88
 
51
-5.70
14,373
 
55
-2.13
 
46
-4.78
70,983
 
35
2.14
 
23
-0.73
239,034
 
42
0.62
 
22
-0.54
4,222
 
40
0.67
 
54
-6.16
31,568
 
36
2.09
 
55
-6.80
9,241
 
60
-2.91
 
42
-3.41
15,293
 
56
-2.28
 
36
-2.26
6,753
 
48
-0.29
 
48
-5.11
1,726
 
49
-0.43
 
26
-0.99
96,329
 
64
-5.51
 
59
-7.52
4,020
 
54
-2.04
 
56
-6.86
2,226
 
50
-0.64
 
38
-2.50
10,529
Undefined/Suppressed Counties
 
U
U
 
68
-13.05
999
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
1,097
 
U
U
 
S
S
836
 
U
U
 
66
-12.76
2,078
 
U
U
 
70
-20.76
729
 
U
U
 
S
S
S
 
U
U
 
S
S
1,614
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
62
-12.12
1,088
 
 
 
 
 
 
 
 
 
2.77
 
1.05
6,526,342
 
 
 
 
 
 
 
 
 
5.16
 
0.55
566,943,000
November 2023
REAP_PI_CA1600N_610900_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, MI-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.