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Table 2: Shift -Share Analysis for Cabarrus, 2007 -2009 <br />Sector National <br />National <br />Industrial <br />Industrial <br />Competitive <br />Competitive <br />Growth <br />Growth <br />Mix <br />Mix <br />Share <br />Share <br />Component, <br />Component, <br />Component, <br />Component, <br />Component, <br />Component, <br />Percen <br />Jobs <br />Percent <br />Jobs <br />Percen <br />Jobs <br />Leisure and <br />Hospitality <br />Public <br />Administration <br />Professional <br />and Business <br />Services <br />Financial <br />Activities <br />Education and <br />Health <br />Services <br />Natural <br />Resources and <br />Mining <br />Other Services <br />Trade, <br />Transportation, <br />and Utilities <br />Information <br />Manufacturing <br />Construction <br />-5.0 <br />-472 <br />2.8 <br />261 <br />7.2 <br />676 <br />-5.0 <br />-137 <br />7.3 <br />197 <br />11.2 <br />305 <br />-5.0 <br />-349 <br />-2.6 <br />-180 <br />3.6 <br />251 <br />-5.0 <br />-82 <br />-1.7 <br />-28 <br />6.6 <br />107 <br />-5.0 <br />-728 <br />8.7 <br />1,256 <br />0.0 <br />2 <br />-5.0 -11 2.7 6 -6.6 -14 <br />-5.0 <br />-87 <br />3.5 <br />61 <br />-2.6 <br />-45 <br />-5.0 <br />-753 <br />-1.2 <br />-178 <br />-0.6 <br />-83 <br />-5.0 <br />-43 <br />-1.9 <br />-16 <br />-21.6 <br />-183 <br />-5.0 <br />-413 <br />-9.6 <br />-786 <br />-6.0 <br />-491 <br />-5.0 <br />-254 <br />-15.8 <br />-802 <br />-10.8 <br />-548 <br />-3.329 <br />-209 <br />-23 <br />Shift -Share Results for Cabarrus <br />In economics there is a technique called shift -share analysis. Its purpose is to take the change in <br />employment for an area and decompose it into the three sources that caused the change. Here is the <br />shift -share analysis for Cabarrus. <br />1. The National Growth Component <br />The first source of change is the growth or contraction in the United States economy. During the time <br />period 2007 to 2009, the nation's employment grew by -5 percent (Le, America's employment in 2007 <br />and 2009 was 135.4 million and 128.6 million, respectively. The growth rate is therefore (128.6 - 135.4) <br />/ 135.4) * 100 = -5 percent.) <br />This growth rate is listed in Table 2 as the national growth component. The effect of the national <br />growth component is felt most acutely during the peaks and valleys of the business cycle, i.e. during <br />recessions and boom times. Local businesses are very aware of how the general business climate <br />affects them. <br />