Leading, Slipping, Gaining, Lagging Analysis:
Assessing Retail Trade Employment Growth
Across Florida Counties
Retail Trade
Employment Growth
County vs Statewide Average: 2010-2022 and 2022
Retail Trade
Employment Growth
Florida:
2010-2022 = 1.87%
2022 = 2.99%
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 retail trade employment growth across all of Florida's 67 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 Florida Regional Economic Analysis Project report, we adopt this approach to gauge and compare the retail trade employment growth of Florida's 67 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.
Retail Trade
Employment Growth
County vs Statewide Average: 2010-2022 and 2022
Retail Trade
Employment Growth
Florida:
2010-2022 = 1.87%
2022 = 2.99%
This figure displays the 67 counties of Florida as dots on a scattergram, with the vertical axis representing the average annual retail trade employment growth rate over the long-term period (2010-2022), and the horizontal axis representing the retail trade employment growth rate for the near-term (2022).
This figure sets apart those counties whose long-term retail trade employment growth exceeded the statewide average of 1.87%, by portraying them in the top two quadrants demarcated at 1.87% on the vertical axis. County whose long-term average annual retail trade employment growth rate trailed the statewide average (1.87%) are distributed in the bottom two quadrants. In all, 23 counties surpassed the statewide average over 2010-2022, while 40 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 29 counties whose most recent (2022) retail trade employment growth rate exceeded the statewide average (2.99%). The two quadrants on the left feature those 34 counties whose retail trade employment growth over 2022 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 67 counties corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective statewide averages of 1.87% over 2010-2022 and 2.99% over 2022:
Leading counties () (top-right quadrant)...are counties whose average annual retail trade employment growth rate surpassed the statewide average both long-term (1.87%) and near-term (2.99%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual retail trade employment growth rate exceeded the statewide average (1.87%), but whose near-term growth has "slipped" by falling below the Florida average (2.99%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual retail trade employment growth rate fell below the statewide average (1.87%), but whose near-term growth has "gained" by registering above the average (2.99%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual retail trade employment growth rate fell under the statewide average both long-term (1.87%) and near-term (2.99%).
   
 
Summary of Florida's 67 County Totals
 
Short Term Average
 
 
Below
(2.99%)
Above
(2.99%)
 
Long
Term
Average
Above
(1.87%)
6
17
23
Below
(1.87%)
28
12
40
 
34
29
63
 
   
Leading Counties
2022 vs. 2010-2022 Averages
Leading Counties
white dot
Florida:
2010-2022 = 1.87%
2022 = 2.99%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the Florida counties classified as Leading. These counties surpassed Florida's average annual retail trade employment growth both long-term (2010-2022 = 1.87%) as well as near-term (2022 = 2.99%). Each is identified by its corresponding ranking based on it's average annual retail trade employment growth rate over 2010-2022.
Of Florida's 67 counties, 17 (25%) are classified within the Leading () category. Those counties ranked by their long-term average include:
Slipping Counties
2022 vs. 2010-2022 Averages
Slipping Counties
Florida:
2010-2022 = 1.87%
2022 = 2.99%
This figure depicts the distribution of the 6 Florida counties classified as Slipping (top-left quadrant), in that their long-term average annual retail trade employment growth rate outpaced the average statewide (2010-2022 = 1.87%), while they trailed the statewide average near-term (2022 = 2.99%). Again, each county is identified by it's corresponding ranking based on its average annual retail trade employment growth rate over 2010-2022.
Only 6 (9%) of Florida's 67 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
Florida:
2010-2022 = 1.87%
2022 = 2.99%
This figure shows the distribution of the 12 Florida counties classified as Gaining (bottom-right quadrant), in that their long-term average annual retail trade employment growth rate posted below the average statewide (2010-2022 = 1.87%), while they outpaced Florida's average near-term (2022 = 2.99%). Again, each county is identified by its corresponding ranking based on its average annual retail trade employment growth rate over 2010-2022.
Of Florida's 67 counties, 18% (12) are featured as Gaining (). Those counties ranked by their long-term average include:
Lagging Counties
2022 vs. 2010-2022 Averages
Lagging Counties
white dot
Florida:
2010-2022 = 1.87%
2022 = 2.99%
This figure depicts the distributions of the 28 Florida counties classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual retail trade employment growth both long-term (2010-2022 = 1.87%) as well as near-term (2022 = 2.99%). Again, each county is identified by its corresponding ranking based on it's average annual retail trade employment growth rate over 2010-2022.
42% of Florida's counties, 28 of 67, are characterized here as Lagging (). Those counties ranked by their long-term average include:
   
 
Florida
Retail Trade Employment Growth
County vs. Statewide Average
 
2010-2022
 
2022
 
 
Leading Counties
 
20
1.94
 
1
12.95
1,369
 
22
1.89
 
15
3.73
12,016
 
14
2.63
 
25
3.29
5,502
 
19
2.03
 
23
3.30
10,386
 
6
3.11
 
26
3.24
574
 
9
2.79
 
7
4.91
23,049
 
15
2.48
 
28
3.17
50,953
 
21
1.91
 
10
4.28
22,005
 
10
2.74
 
12
4.07
4,779
 
17
2.44
 
21
3.34
104,396
 
13
2.65
 
11
4.22
30,536
 
12
2.66
 
24
3.29
40,097
 
3
4.21
 
18
3.55
16,815
 
8
3.08
 
31
3.03
16,344
 
7
3.11
 
6
4.94
9,584
 
16
2.46
 
3
7.33
1,333
 
2
4.33
 
27
3.22
6,345
Slipping Counties
 
18
2.30
 
56
1.99
25,969
 
11
2.73
 
60
1.59
766
 
5
3.15
 
46
2.59
26,350
 
23
1.89
 
32
2.99
176,466
 
4
3.97
 
45
2.63
22,206
 
1
4.47
 
49
2.40
6,564
Gaining Counties
 
44
1.15
 
2
8.15
438
 
51
0.94
 
29
3.16
1,730
 
50
0.94
 
9
4.69
402
 
56
0.68
 
20
3.37
399
 
36
1.40
 
13
4.01
1,063
 
39
1.31
 
8
4.72
5,794
 
58
0.45
 
30
3.15
589
 
28
1.72
 
22
3.32
10,901
 
26
1.77
 
14
4.01
2,181
 
25
1.82
 
19
3.51
29,402
 
61
0.19
 
16
3.68
1,183
 
33
1.47
 
17
3.56
1,019
Lagging Counties
 
47
1.03
 
34
2.97
17,123
 
48
0.97
 
65
-3.05
1,273
 
35
1.40
 
38
2.86
13,776
 
38
1.34
 
53
2.05
35,540
 
30
1.69
 
36
2.94
136,050
 
41
1.27
 
58
1.84
7,537
 
49
0.96
 
44
2.68
11,056
 
34
1.44
 
57
1.86
4,391
 
63
-1.80
 
41
2.78
1,295
 
40
1.29
 
43
2.69
66,700
 
42
1.22
 
33
2.97
21,126
 
53
0.91
 
63
-0.17
594
 
27
1.76
 
54
2.03
1,957
 
24
1.87
 
35
2.96
94,624
 
60
0.35
 
64
-1.33
2,452
 
62
-0.58
 
52
2.09
195
 
55
0.77
 
50
2.32
19,145
 
45
1.14
 
42
2.70
1,975
 
46
1.09
 
39
2.85
721
 
52
0.91
 
51
2.24
11,584
 
57
0.54
 
61
1.44
6,414
 
54
0.88
 
55
2.00
14,900
 
32
1.64
 
40
2.80
95,993
 
43
1.17
 
37
2.93
66,353
 
59
0.43
 
62
1.05
3,272
 
37
1.39
 
48
2.49
34,247
 
31
1.65
 
59
1.78
2,350
 
29
1.71
 
47
2.53
34,803
Undefined/Suppressed Counties
 
U
U
 
4
5.34
454
 
U
U
 
5
5.00
210
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
 
 
 
 
 
 
 
 
1.87
 
2.99
1,378,095
 
 
 
 
 
 
 
 
 
0.72
 
2.22
19,510,300
November 2023
REAP_PI_CA1500N_510700_LSGL
 
   
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