Leading, Slipping, Gaining, Lagging Analysis:
Assessing Construction Employment Growth
Across Wyoming Counties
Construction
Employment Growth
County vs Statewide Average: 2010-2022 and 2022
Construction
Employment Growth
Wyoming:
2010-2022 = -0.54%
2022 = 1.97%
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 construction employment growth across all of Wyoming's 23 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 Wyoming Regional Economic Analysis Project report, we adopt this approach to gauge and compare the construction employment growth of Wyoming's 23 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.
Construction
Employment Growth
County vs Statewide Average: 2010-2022 and 2022
Construction
Employment Growth
Wyoming:
2010-2022 = -0.54%
2022 = 1.97%
This figure displays the 23 counties of Wyoming as dots on a scattergram, with the vertical axis representing the average annual construction employment growth rate over the long-term period (2010-2022), and the horizontal axis representing the construction employment growth rate for the near-term (2022).
This figure sets apart those counties whose long-term construction employment growth exceeded the statewide average of -0.54%, by portraying them in the top two quadrants demarcated at -0.54% on the vertical axis. County whose long-term average annual construction employment growth rate trailed the statewide average (-0.54%) are distributed in the bottom two quadrants. In all, 11 counties surpassed the statewide average over 2010-2022, while 6 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 11 counties whose most recent (2022) construction employment growth rate exceeded the statewide average (1.97%). The two quadrants on the left feature those 6 counties whose construction employment growth over 2022 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 23 counties corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective statewide averages of -0.54% over 2010-2022 and 1.97% over 2022:
Leading counties () (top-right quadrant)...are counties whose average annual construction employment growth rate surpassed the statewide average both long-term (-0.54%) and near-term (1.97%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual construction employment growth rate exceeded the statewide average (-0.54%), but whose near-term growth has "slipped" by falling below the Wyoming average (1.97%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual construction employment growth rate fell below the statewide average (-0.54%), but whose near-term growth has "gained" by registering above the average (1.97%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual construction employment growth rate fell under the statewide average both long-term (-0.54%) and near-term (1.97%).
   
 
Summary of Wyoming's 23 County Totals
 
Short Term Average
 
 
Below
(1.97%)
Above
(1.97%)
 
Long
Term
Average
Above
(-0.54%)
5
6
11
Below
(-0.54%)
1
5
6
 
6
11
17
 
   
Leading Counties
2022 vs. 2010-2022 Averages
Leading Counties
white dot
Wyoming:
2010-2022 = -0.54%
2022 = 1.97%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the Wyoming counties classified as Leading. These counties surpassed Wyoming's average annual construction employment growth both long-term (2010-2022 = -0.54%) as well as near-term (2022 = 1.97%). Each is identified by its corresponding ranking based on it's average annual construction employment growth rate over 2010-2022.
Of Wyoming's 23 counties, 6 (26%) are classified within the Leading () category. Those counties ranked by their long-term average include:
Slipping Counties
2022 vs. 2010-2022 Averages
Slipping Counties
Wyoming:
2010-2022 = -0.54%
2022 = 1.97%
This figure depicts the distribution of the 5 Wyoming counties classified as Slipping (top-left quadrant), in that their long-term average annual construction employment growth rate outpaced the average statewide (2010-2022 = -0.54%), while they trailed the statewide average near-term (2022 = 1.97%). Again, each county is identified by it's corresponding ranking based on its average annual construction employment growth rate over 2010-2022.
Observe that 5 (22%) of Wyoming's 23 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
Wyoming:
2010-2022 = -0.54%
2022 = 1.97%
This figure shows the distribution of the 5 Wyoming counties classified as Gaining (bottom-right quadrant), in that their long-term average annual construction employment growth rate posted below the average statewide (2010-2022 = -0.54%), while they outpaced Wyoming's average near-term (2022 = 1.97%). Again, each county is identified by its corresponding ranking based on its average annual construction employment growth rate over 2010-2022.
Of Wyoming's 23 counties, 22% (5) are featured as Gaining (). Those counties ranked by their long-term average include:
Lagging Counties
2022 vs. 2010-2022 Averages
Lagging Counties
white dot
Wyoming:
2010-2022 = -0.54%
2022 = 1.97%
This figure depicts the distributions of the 1 Wyoming county classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual construction employment growth both long-term (2010-2022 = -0.54%) as well as near-term (2022 = 1.97%). Again, each county is identified by its corresponding ranking based on it's average annual construction employment growth rate over 2010-2022.
4% of Wyoming's counties, 1 of 23, are characterized here as Lagging (). Those counties ranked by their long-term average include:
   
 
Wyoming
Construction Employment Growth
County vs. Statewide Average
 
2010-2022
 
2022
 
 
Leading Counties
 
3
1.66
 
9
2.24
1,598
 
10
0.44
 
10
2.21
4,076
 
6
0.86
 
2
25.98
320
 
5
0.96
 
6
6.52
1,961
 
9
0.48
 
1
26.43
2,095
 
2
2.01
 
4
8.68
3,443
Slipping Counties
 
7
0.74
 
20
-10.10
525
 
1
4.08
 
18
-7.08
525
 
8
0.57
 
13
0.48
415
 
4
1.01
 
19
-9.89
4,263
 
11
-0.25
 
15
-0.24
1,687
Gaining Counties
 
17
-3.99
 
5
6.56
2,582
 
12
-1.28
 
11
2.04
1,400
 
14
-1.78
 
7
4.46
656
 
13
-1.50
 
3
14.53
1,182
 
16
-2.48
 
8
2.92
317
Lagging Counties
 
15
-1.79
 
14
0.23
435
Undefined/Suppressed Counties
 
U
U
 
17
-2.38
1,149
 
U
U
 
S
S
564
 
U
U
 
16
-0.25
402
 
U
U
 
12
1.23
164
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
 
 
 
 
 
 
 
 
-0.54
 
1.97
30,141
 
 
 
 
 
 
 
 
 
1.83
 
4.15
11,867,800
November 2023
REAP_PI_CA1500N_510400_LSGL
 
   
Copyright © 2024. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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