Leading, Slipping, Gaining, Lagging Analysis:
Assessing Military Earnings Growth
Across South Carolina Counties
Real* Military
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Military
Earnings Growth
South Carolina:
2010-2022 = 0.33%
2022 = -0.77%
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 military earnings growth across all of South Carolina's 46 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 South Carolina Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real military earnings growth of South Carolina's 46 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* Military
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Military
Earnings Growth
South Carolina:
2010-2022 = 0.33%
2022 = -0.77%
This figure displays the 46 counties of South Carolina as dots on a scattergram, with the vertical axis representing the average annual real military earnings growth rate over the long-term period (2010-2022), and the horizontal axis representing the real military earnings growth rate for the near-term (2022).
This figure sets apart those counties whose long-term real military earnings growth exceeded the statewide average of 0.33%, by portraying them in the top two quadrants demarcated at 0.33% on the vertical axis. County whose long-term average annual real military earnings growth rate trailed the statewide average (0.33%) are distributed in the bottom two quadrants. In all, 11 counties surpassed the statewide average over 2010-2022, while 35 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 38 counties whose most recent (2022) real military earnings growth rate exceeded the statewide average (-0.77%). The two quadrants on the left feature those 8 counties whose real military earnings growth over 2022 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 46 counties corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective statewide averages of 0.33% over 2010-2022 and -0.77% over 2022:
Leading counties () (top-right quadrant)...are counties whose average annual real military earnings growth rate surpassed the statewide average both long-term (0.33%) and near-term (-0.77%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual real military earnings growth rate exceeded the statewide average (0.33%), but whose near-term growth has "slipped" by falling below the South Carolina average (-0.77%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual real military earnings growth rate fell below the statewide average (0.33%), but whose near-term growth has "gained" by registering above the average (-0.77%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual real military earnings growth rate fell under the statewide average both long-term (0.33%) and near-term (-0.77%).
   
 
Summary of South Carolina's 46 County Totals
 
Short Term Average
 
 
Below
(-0.77%)
Above
(-0.77%)
 
Long
Term
Average
Above
(0.33%)
1
10
11
Below
(0.33%)
7
28
35
 
8
38
46
 
   
Leading Counties
2022 vs. 2010-2022 Averages
Leading Counties
white dot
South Carolina:
2010-2022 = 0.33%
2022 = -0.77%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the South Carolina counties classified as Leading. These counties surpassed South Carolina's average annual real military earnings growth both long-term (2010-2022 = 0.33%) as well as near-term (2022 = -0.77%). Each is identified by its corresponding ranking based on it's average annual real military earnings growth rate over 2010-2022.
Of South Carolina's 46 counties, 10 (22%) are classified within the Leading () category. Those counties ranked by their long-term average include:
Slipping Counties
2022 vs. 2010-2022 Averages
Slipping Counties
South Carolina:
2010-2022 = 0.33%
2022 = -0.77%
This figure depicts the distribution of the 1 South Carolina county classified as Slipping (top-left quadrant), in that their long-term average annual real military earnings growth rate outpaced the average statewide (2010-2022 = 0.33%), while they trailed the statewide average near-term (2022 = -0.77%). Again, each county is identified by it's corresponding ranking based on its average annual real military earnings growth rate over 2010-2022.
Only 1 (2%) of South Carolina's 46 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
South Carolina:
2010-2022 = 0.33%
2022 = -0.77%
This figure shows the distribution of the 28 South Carolina counties classified as Gaining (bottom-right quadrant), in that their long-term average annual real military earnings growth rate posted below the average statewide (2010-2022 = 0.33%), while they outpaced South Carolina's average near-term (2022 = -0.77%). Again, each county is identified by its corresponding ranking based on its average annual real military earnings growth rate over 2010-2022.
Of South Carolina's 46 counties, 61% (28) are featured as Gaining (). Those counties ranked by their long-term average include:
Lagging Counties
2022 vs. 2010-2022 Averages
Lagging Counties
white dot
South Carolina:
2010-2022 = 0.33%
2022 = -0.77%
This figure depicts the distributions of the 7 South Carolina counties classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual real military earnings growth both long-term (2010-2022 = 0.33%) as well as near-term (2022 = -0.77%). Again, each county is identified by its corresponding ranking based on it's average annual real military earnings growth rate over 2010-2022.
15% of South Carolina's counties, 7 of 46, are characterized here as Lagging (). Those counties ranked by their long-term average include:
   
 
South Carolina
Real* Military Earnings Growth
County vs. Statewide Average
 
2010-2022
 
2022
 
 
Leading Counties
 
3
1.26
 
20
3.33
35,220
 
11
0.34
 
5
7.36
6,812
 
8
0.64
 
6
7.17
24,514
 
10
0.37
 
25
2.69
82,138
 
2
1.46
 
1
8.98
54,202
 
6
0.80
 
2
7.75
4,281
 
5
1.05
 
10
6.48
14,253
 
9
0.43
 
7
6.93
49,831
 
1
5.70
 
26
2.53
727,501
 
7
0.79
 
8
6.57
41,464
Slipping Counties
 
4
1.24
 
43
-10.68
862,180
Gaining Counties
 
31
-1.94
 
23
2.90
3,262
 
20
-0.77
 
17
4.24
24,107
 
17
-0.44
 
9
6.50
29,701
 
45
-3.11
 
35
0.72
1,673
 
40
-2.43
 
29
1.65
2,766
 
34
-2.14
 
27
2.48
1,943
 
32
-1.99
 
18
4.06
617,043
 
24
-1.33
 
24
2.71
7,623
 
30
-1.86
 
28
1.92
4,399
 
33
-2.06
 
21
3.31
5,953
 
37
-2.28
 
37
0.42
8,510
 
25
-1.34
 
13
5.29
3,403
 
15
-0.19
 
3
7.62
12,426
 
26
-1.40
 
16
4.89
9,487
 
19
-0.76
 
14
5.00
9,342
 
23
-1.10
 
11
6.33
9,916
 
44
-2.86
 
30
1.65
2,031
 
14
-0.16
 
12
6.00
42,882
 
27
-1.43
 
15
4.96
1,249
 
38
-2.32
 
36
0.71
4,405
 
36
-2.27
 
31
1.59
3,253
 
28
-1.44
 
38
0.39
5,103
 
29
-1.85
 
19
3.77
12,517
 
12
0.18
 
4
7.41
21,765
 
18
-0.46
 
34
1.07
871,651
 
13
-0.08
 
22
3.15
2,586
 
35
-2.19
 
32
1.53
3,654
 
42
-2.71
 
33
1.26
3,945
Lagging Counties
 
46
-3.90
 
45
-16.56
912
 
16
-0.40
 
46
-30.61
4,101
 
41
-2.54
 
40
-4.81
3,797
 
43
-2.74
 
42
-5.00
2,791
 
22
-0.94
 
41
-4.86
20,306
 
39
-2.36
 
44
-14.56
2,329
 
21
-0.90
 
39
-3.27
11,020
 
 
 
 
 
 
 
 
 
0.33
 
-0.77
3,674,247
 
 
 
 
 
 
 
 
 
0.97
 
0.54
157,200,000
November 2023
REAP_PI_CA1600N_620200_LSGL
 
   
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