Leading, Slipping, Gaining, Lagging Analysis:
Assessing Real Estate and Rental and Leasing Employment Growth
Across Pennsylvania Counties
Real Estate and Rental and Leasing
Employment Growth
County vs Statewide Average: 2008-2017 and 2017
Real Estate and Rental and Leasing
Employment Growth
Pennsylvania:
2008-2017 = 2.16%
2017 = 2.44%
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 estate and rental and leasing employment growth across all of Pennsylvania'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 Pennsylvania Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real estate and rental and leasing employment growth of Pennsylvania's 67 counties over the latest available year (2017) against the backdrop of their growth over the long term period (2008-2017). In so doing we classify their growth and performance into 4 broad categories: Leading, Slipping, Gaining and Lagging.
Real Estate and Rental and Leasing
Employment Growth
County vs Statewide Average: 2008-2017 and 2017
Real Estate and Rental and Leasing
Employment Growth
Pennsylvania:
2008-2017 = 2.16%
2017 = 2.44%
This figure displays the 67 counties of Pennsylvania as dots on a scattergram, with the vertical axis representing the average annual real estate and rental and leasing employment growth rate over the long-term period (2008-2017), and the horizontal axis representing the real estate and rental and leasing employment growth rate for the near-term (2017).
This figure sets apart those counties whose long-term real estate and rental and leasing employment growth exceeded the statewide average of 2.16%, by portraying them in the top two quadrants demarcated at 2.16% on the vertical axis. County whose long-term average annual real estate and rental and leasing employment growth rate trailed the statewide average (2.16%) are distributed in the bottom two quadrants. In all, 30 counties surpassed the statewide average over 2008-2017, while 33 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 31 counties whose most recent (2017) real estate and rental and leasing employment growth rate exceeded the statewide average (2.44%). The two quadrants on the left feature those 32 counties whose real estate and rental and leasing employment growth over 2017 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 67 counties corresponding with their long-term (2008-2017) and near-term (2017) performance relative to their respective statewide averages of 2.16% over 2008-2017 and 2.44% over 2017:
Leading counties () (top-right quadrant)...are counties whose average annual real estate and rental and leasing employment growth rate surpassed the statewide average both long-term (2.16%) and near-term (2.44%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual real estate and rental and leasing employment growth rate exceeded the statewide average (2.16%), but whose near-term growth has "slipped" by falling below the Pennsylvania average (2.44%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual real estate and rental and leasing employment growth rate fell below the statewide average (2.16%), but whose near-term growth has "gained" by registering above the average (2.44%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual real estate and rental and leasing employment growth rate fell under the statewide average both long-term (2.16%) and near-term (2.44%).
   
 
Summary of Pennsylvania's 67 County Totals
 
Short Term Average
 
 
Below
(2.44%)
Above
(2.44%)
 
Long
Term
Average
Above
(2.16%)
12
18
30
Below
(2.16%)
20
13
33
 
32
31
63
 
   
Leading Counties
2017 vs. 2008-2017 Averages
Leading Counties
Pennsylvania:
2008-2017 = 2.16%
2017 = 2.44%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the Pennsylvania counties classified as Leading. These counties surpassed Pennsylvania's average annual real estate and rental and leasing employment growth both long-term (2008-2017 = 2.16%) as well as near-term (2017 = 2.44%). Each is identified by its corresponding ranking based on it's average annual real estate and rental and leasing employment growth rate over 2008-2017.
Of Pennsylvania's 67 counties, 18 (27%) are classified within the Leading () category. Those counties ranked by their long-term average include:
Slipping Counties
2017 vs. 2008-2017 Averages
Slipping Counties
Pennsylvania:
2008-2017 = 2.16%
2017 = 2.44%
This figure depicts the distribution of the 12 Pennsylvania counties classified as Slipping (top-left quadrant), in that their long-term average annual real estate and rental and leasing employment growth rate outpaced the average statewide (2008-2017 = 2.16%), while they trailed the statewide average near-term (2017 = 2.44%). Again, each county is identified by it's corresponding ranking based on its average annual real estate and rental and leasing employment growth rate over 2008-2017.
Observe that 12 (18%) of Pennsylvania's 67 counties are classified as Slipping (). Those counties ranked by their long-term average include:
Gaining Counties
2017 vs. 2008-2017 Averages
Gaining Counties
Pennsylvania:
2008-2017 = 2.16%
2017 = 2.44%
This figure shows the distribution of the 13 Pennsylvania counties classified as Gaining (bottom-right quadrant), in that their long-term average annual real estate and rental and leasing employment growth rate posted below the average statewide (2008-2017 = 2.16%), while they outpaced Pennsylvania's average near-term (2017 = 2.44%). Again, each county is identified by its corresponding ranking based on its average annual real estate and rental and leasing employment growth rate over 2008-2017.
Of Pennsylvania's 67 counties, 19% (13) are featured as Gaining (). Those counties ranked by their long-term average include:
Lagging Counties
2017 vs. 2008-2017 Averages
Lagging Counties
Pennsylvania:
2008-2017 = 2.16%
2017 = 2.44%
This figure depicts the distributions of the 20 Pennsylvania counties classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual real estate and rental and leasing employment growth both long-term (2008-2017 = 2.16%) as well as near-term (2017 = 2.44%). Again, each county is identified by its corresponding ranking based on it's average annual real estate and rental and leasing employment growth rate over 2008-2017.
30% of Pennsylvania's counties, 20 of 67, are characterized here as Lagging (). Those counties ranked by their long-term average include:
   
 
Pennsylvania
Real Estate and Rental and Leasing Employment Growth
County vs. Statewide Average
 
2008-2017
 
2017
 
 
Leading Counties
 
7
4.80
 
31
2.50
698
 
15
2.89
 
16
2.86
2,628
 
16
2.84
 
9
3.42
574
 
13
3.21
 
11
3.21
4,399
 
12
3.24
 
13
2.93
4,113
 
29
2.18
 
29
2.51
20,158
 
4
6.34
 
1
6.47
510
 
23
2.37
 
12
3.20
452
 
28
2.21
 
3
4.97
1,056
 
14
3.18
 
25
2.58
2,387
 
18
2.82
 
24
2.60
9,004
 
21
2.54
 
10
3.32
6,066
 
27
2.25
 
26
2.55
40,622
 
17
2.83
 
32
2.44
32,951
 
2
7.37
 
5
4.57
732
 
10
3.90
 
2
4.99
547
 
3
6.80
 
7
3.62
6,207
 
6
5.00
 
14
2.91
459
Slipping Counties
 
8
4.18
 
64
-0.11
2,703
 
1
8.18
 
41
2.04
1,001
 
25
2.30
 
56
0.98
617
 
20
2.72
 
54
1.20
336
 
22
2.48
 
52
1.34
528
 
11
3.43
 
38
2.22
369
 
19
2.76
 
39
2.17
13,561
 
5
5.29
 
49
1.61
2,532
 
26
2.29
 
36
2.27
496
 
9
4.16
 
37
2.23
688
 
24
2.35
 
47
1.62
1,003
 
30
2.18
 
40
2.06
6,431
Gaining Counties
 
51
1.09
 
22
2.65
1,550
 
46
1.43
 
15
2.86
21,036
 
48
1.31
 
6
4.16
1,753
 
52
1.09
 
19
2.78
1,110
 
35
1.93
 
18
2.82
5,876
 
37
1.86
 
27
2.54
16,044
 
38
1.85
 
8
3.49
2,582
 
62
-0.74
 
23
2.63
351
 
61
-0.50
 
4
4.89
3,391
 
53
1.03
 
28
2.54
202
 
42
1.75
 
17
2.85
6,282
 
58
0.78
 
21
2.66
888
 
45
1.47
 
30
2.51
9,487
Lagging Counties
 
41
1.79
 
43
1.88
35,974
 
39
1.83
 
33
2.43
8,047
 
49
1.30
 
59
0.49
1,028
 
57
0.83
 
60
0.47
429
 
59
0.59
 
45
1.74
994
 
33
2.06
 
53
1.23
985
 
50
1.11
 
46
1.73
6,470
 
55
1.02
 
51
1.48
4,449
 
34
1.93
 
57
0.89
1,701
 
36
1.90
 
62
0.00
144
 
40
1.81
 
44
1.75
4,183
 
31
2.12
 
34
2.41
1,532
 
43
1.64
 
63
-0.06
1,545
 
54
1.02
 
58
0.79
381
 
47
1.33
 
42
1.92
1,062
 
63
-3.05
 
48
1.61
1,138
 
44
1.64
 
50
1.52
1,872
 
32
2.12
 
55
1.19
595
 
56
0.96
 
35
2.29
581
 
60
0.57
 
61
0.29
340
Undefined/Suppressed Counties
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
20
2.67
154
 
U
U
 
S
S
S
 
 
 
 
 
 
 
 
 
2.16
 
2.44
308,227
 
 
 
 
 
 
 
 
 
1.64
 
2.68
9,105,900
November 2018
REAP_PI_CA1500N_511100_LSGL
 
   
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