Hocking County vs. Ohio
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2017
Introduction
Hocking County:
2017 Earnings = $392,830K
2017 Percent of State = 0.1%
Ohio:
2017 Earnings = $390,623,316K
2017 Percent of State = 3.3%
Industry earnings are incomes received by people who are directly involved with producing goods and services. Earnings, referred to also as "labor and proprietors income", include (1) wage and salary disbursements, (2) other labor income such as employer contributions to private retirement and medical insurance programs, and (3) the net incomes of proprietors (i.e., the owners of unincorporated enterprises).
In contrast to the more frequently cited employment data, earnings data more accurately reflect qualitative differences in labor's contributions toward the production of goods and services, namely the productivity differences reflected in variations in earnings per job. Earnings data, therefore, are better for comparing and tracking long-term trends and identifying short-run shifts in the level and composition of economic activity within and among counties.
Just like the employment data compiled by BEA, earnings data are reported on a place-of-work, or more accurately on a place-where-earned, basis.
Note: the BEA earnings data presented and discussed here in the context of comparing and assessing the economic growth and performance of county and regional economies are entirely separate and apart from--and should not be confused with--corporate earnings, which are compiled from the balance sheets of individual private corporations.
Hocking County Total Industry Earnings, 1969-2017
Current vs. Constant Dollars (Millions)
Hocking County Total Industry Earnings, 1969-2017
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Hocking County's annual total industry earnings over 1969-2017 in current and constant (2012) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Hocking County over time.
When measured in current dollars, Hocking County's total industry earnings increased 786.9%, from $44M in 1969 to $393M in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 67.4%, from $221M in 1969 to $370M in 2017.
Real Total Industry Earnings, 1969-2017 (Millions)
Real Total Industry Earnings, 1969-2017 (Millions)
Figure 2.
Figure 2 tracks Hocking County's and Ohio's annual real total industry earnings for the period 1969-2017 to illustrate real total industry earnings patterns over time. During this 49-year period, Hocking County's real total industry earnings rose from $221M in 1969 to $370M in 2017, for a net gain of $149M, or 67.4%. In comparison, Ohio's real total industry earnings advanced from $179,472M in 1969 to $368,259M in 2017, for a net advance of $188,787M, or 105.2%.
Real Total Industry Earnings Indices (1969=100): 1969-2017
Real Total Industry Earnings Indices (1969=100): 1969-2017
Figure 3.
Figure 3 shows Hocking County's real total industry earnings growth in a broader context by offering direct comparisons across time with Ohio, the United States. The growth indices shown here express each region's real total industry earnings in 1969 as a base figure of 100, and the real total industry earningss in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real total industry earnings growth between regions that may differ vastly in size.
Hocking County's overall real total industry earnings growth was 67.4% over 1969-2017 trailed Ohio's increase of 105.2%, and fell below the United States' increase of 242.6%.
Total Industry Earnings as a Percent of the Ohio Total: 1969-2017
Total Industry Earnings as a Percent of the Ohio Total: 1969-2017
Figure 4.
Another interesting and insightful way of highlighting the total industry earnings growth of Hocking County is to trace its individual percentage contributions to Ohio's statewide total industry earnings over time, as shown in Figure 4. A rising share means a region's total industry earnings grew faster, or declined less, than Ohio's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Hocking County's total industry earnings comprised 0.12% of Ohio's total industry earnings, while in 2017 it comprised 0.10% thereby yielding a -0.02% share-shift.
   
 
Total Industry Earnings Share-Shift
2017 vs. 1969
 
Share-
Shift*
 
2017
vs.
1969
-0.02%
=
0.10%
-
0.12%
 
   
Hocking County Real Total Industry Earnings:
Annual Percent Change, 1970-2017
Hocking County Real Total Industry Earnings:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 highlights the short-run pattern of Hocking County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2017. The average annual percent change for the entire 48-year period is also traced on this chart to provide a benchmark for gauging periods of relative high--and relative low--growth against the backdrop of the long-term average.
On average, Hocking County's real total industry earnings grew at an annual rate of 1.16% over 1970-2017. The county posted its highest growth in 1976 (9.50%) and posted its lowest growth in 1980 (-12.52%). In 2017, Hocking County's real total industry earnings grew by 0.88%
Hocking County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2017
Hocking County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2017
Figure 6.
Over the past four decades some counties have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again illustrates the annual percent change in Hocking County's real total industry earnings since 1970, but this time they are overlayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, and 2010-2017.
During the 1970s, Hocking County's annual real total industry earnings growth rate averaged 1.84%. It averaged 0.46% throughout the 1980s, 2.55% throughout the 1990s, -0.27% during the 2000s, and 1.26% thus far this decade (2010 to 2017).
Real Total Industry Earnings Growth:
Average Annual Percent Change by Decade
Real Total Industry Earnings Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Hocking County noted in the previous graph with the corresponding decade averages for Ohio and the nation. As the chart reveals, Hocking County's average annual real total industry earnings growth recorded under Ohio's average throughout the 1970s (1.84% vs. 1.95%), posted below Ohio's average during the 1980s (0.46% vs. 1.13%), fell below Ohio's average throughout the 1990s (2.55% vs. 2.66%), lagged Ohio's average during the 2000s (-0.27% vs. 0.13%), and recorded under Ohio's average over the 8 year period of the last decade, 2010-2017 (1.26% vs. 1.96%).
Finally, relative to nationwide real total industry earnings growth trends, Hocking County trailed the nation during the 1970s (1.84% vs. 3.13%), posted below the nation in the 1980s (0.46% vs. 2.61%), recorded underneath the nation throughout the 1990s (2.55% vs. 3.44%), posted below the nation in the 2000s (-0.27% vs. 1.47%), and posted below the nation over 2010-2017 (1.26% vs. 2.46%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.16
1.84
0.46
2.55
-0.27
1.26
0.88
 
1.55
1.95
1.13
2.66
0.13
1.96
2.22
 
2.63
3.13
2.61
3.44
1.47
2.46
2.86
 
   

Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Hocking County:
Total Industry Earnings, 1969-2017
 
1969
 
44,291
0.200
221,289
100.0
N
0.12
1970
 
42,994
0.210
205,212
92.7
-7.27
0.12
1971
 
47,306
0.218
216,593
97.9
5.55
0.12
1972
 
49,675
0.226
219,937
99.4
1.54
0.12
1973
 
53,236
0.238
223,662
101.1
1.69
0.11
1974
 
56,810
0.263
216,172
97.7
-3.35
0.11
1975
 
60,449
0.285
212,325
95.9
-1.78
0.11
1976
 
69,826
0.300
232,505
105.1
9.50
0.12
1977
 
77,380
0.320
241,918
109.3
4.05
0.12
1978
 
83,959
0.342
245,415
110.9
1.45
0.11
1979
 
97,829
0.373
262,621
118.7
7.01
0.12
1980
 
94,798
0.413
229,746
103.8
-12.52
0.11
1981
 
102,568
0.450
228,142
103.1
-0.70
0.11
1982
 
104,971
0.475
221,196
100.0
-3.04
0.12
1983
 
108,150
0.495
218,600
98.8
-1.17
0.11
1984
 
119,442
0.513
232,635
105.1
6.42
0.11
1985
 
123,815
0.531
233,024
105.3
0.17
0.11
1986
 
131,474
0.543
242,170
109.4
3.92
0.11
1987
 
135,374
0.560
241,895
109.3
-0.11
0.11
1988
 
152,041
0.582
261,459
118.2
8.09
0.11
1989
 
164,244
0.607
270,628
122.3
3.51
0.11
1990
 
167,333
0.634
264,120
119.4
-2.40
0.11
1991
 
174,529
0.655
266,566
120.5
0.93
0.11
1992
 
189,905
0.672
282,521
127.7
5.99
0.11
1993
 
197,269
0.689
286,345
129.4
1.35
0.11
1994
 
209,891
0.703
298,437
134.9
4.22
0.11
1995
 
223,594
0.718
311,365
140.7
4.33
0.12
1996
 
239,511
0.733
326,550
147.6
4.88
0.12
1997
 
258,085
0.746
345,852
156.3
5.91
0.12
1998
 
263,305
0.752
350,065
158.2
1.22
0.12
1999
 
264,740
0.763
346,800
156.7
-0.93
0.11
2000
 
249,527
0.782
318,945
144.1
-8.03
0.10
2001
 
266,343
0.797
334,023
150.9
4.73
0.10
2002
 
280,451
0.808
347,140
156.9
3.93
0.11
2003
 
289,389
0.824
351,379
158.8
1.22
0.11
2004
 
300,737
0.844
356,277
161.0
1.39
0.11
2005
 
301,712
0.868
347,546
157.1
-2.45
0.11
2006
 
311,864
0.892
349,725
158.0
0.63
0.10
2007
 
320,171
0.914
350,151
158.2
0.12
0.10
2008
 
321,974
0.942
341,871
154.5
-2.36
0.10
2009
 
315,543
0.941
335,349
151.5
-1.91
0.11
2010
 
334,765
0.957
349,788
158.1
4.31
0.11
2011
 
350,424
0.981
357,098
161.4
2.09
0.11
2012
 
359,760
1.000
359,760
162.6
0.75
0.11
2013
 
359,660
1.013
354,883
160.4
-1.36
0.10
2014
 
363,104
1.029
352,981
159.5
-0.54
0.10
2015
 
370,163
1.031
358,942
162.2
1.69
0.10
2016
 
382,640
1.042
367,094
165.9
2.27
0.10
2017
 
392,830
1.061
370,339
167.4
0.88
0.10
Source: Calculations by the Ohio Regional Economic Analysis Project (OH-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_1200_PSN
 
   

Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Ohio:
Total Industry Earnings, 1969-2017
 
1969
 
35,921,385
0.200
179,472,321
100.0
N
5.48
1970
 
37,259,215
0.210
177,839,793
99.1
-0.91
5.36
1971
 
39,150,727
0.218
179,253,363
99.9
0.79
5.26
1972
 
42,662,308
0.226
188,888,285
105.2
5.38
5.19
1973
 
47,634,431
0.238
200,127,851
111.5
5.95
5.17
1974
 
51,356,993
0.263
195,422,348
108.9
-2.35
5.15
1975
 
53,145,210
0.285
186,670,917
104.0
-4.48
5.00
1976
 
58,961,646
0.300
196,329,402
109.4
5.17
5.01
1977
 
65,872,101
0.320
205,940,415
114.7
4.90
5.04
1978
 
73,301,326
0.342
214,262,448
119.4
4.04
4.95
1979
 
80,623,158
0.373
216,432,198
120.6
1.01
4.88
1980
 
84,096,494
0.413
203,810,998
113.6
-5.83
4.70
1981
 
89,461,167
0.450
198,988,316
110.9
-2.37
4.56
1982
 
90,386,072
0.475
190,462,896
106.1
-4.28
4.40
1983
 
95,301,614
0.495
192,629,692
107.3
1.14
4.35
1984
 
106,756,116
0.513
207,927,305
115.9
7.94
4.39
1985
 
113,980,785
0.531
214,515,724
119.5
3.17
4.35
1986
 
119,714,258
0.543
220,508,856
122.9
2.79
4.29
1987
 
126,713,859
0.560
226,420,304
126.2
2.68
4.23
1988
 
137,003,111
0.582
235,598,891
131.3
4.05
4.20
1989
 
145,826,684
0.607
240,281,239
133.9
1.99
4.20
1990
 
153,432,546
0.634
242,179,064
134.9
0.79
4.17
1991
 
156,923,154
0.655
239,676,132
133.5
-1.03
4.14
1992
 
168,074,501
0.672
250,043,889
139.3
4.33
4.14
1993
 
175,522,863
0.689
254,779,747
142.0
1.89
4.14
1994
 
186,555,907
0.703
265,257,937
147.8
4.11
4.18
1995
 
194,205,283
0.718
270,439,463
150.7
1.95
4.15
1996
 
202,704,817
0.733
276,367,923
154.0
2.19
4.08
1997
 
214,618,549
0.746
287,603,754
160.2
4.07
4.05
1998
 
227,647,782
0.752
302,658,719
168.6
5.23
3.98
1999
 
238,031,966
0.763
311,813,207
173.7
3.02
3.90
2000
 
249,367,479
0.782
318,741,585
177.6
2.22
3.77
2001
 
255,678,501
0.797
320,648,249
178.7
0.60
3.72
2002
 
260,039,983
0.808
321,875,482
179.3
0.38
3.71
2003
 
268,192,856
0.824
325,642,750
181.4
1.17
3.70
2004
 
280,106,541
0.844
331,836,539
184.9
1.90
3.65
2005
 
285,907,113
0.868
329,340,544
183.5
-0.75
3.56
2006
 
297,127,773
0.892
333,200,006
185.7
1.17
3.49
2007
 
305,348,943
0.914
333,940,969
186.1
0.22
3.44
2008
 
308,907,846
0.942
327,997,288
182.8
-1.78
3.43
2009
 
296,655,648
0.941
315,275,839
175.7
-3.88
3.41
2010
 
305,315,752
0.957
319,017,556
177.8
1.19
3.38
2011
 
322,818,220
0.981
328,966,606
183.3
3.12
3.42
2012
 
336,529,986
1.000
336,529,986
187.5
2.30
3.40
2013
 
348,397,278
1.013
343,770,132
191.5
2.15
3.41
2014
 
358,302,486
1.029
348,312,873
194.1
1.32
3.35
2015
 
369,797,621
1.031
358,588,155
199.8
2.95
3.33
2016
 
375,508,404
1.042
360,251,743
200.7
0.46
3.30
2017
 
390,623,316
1.061
368,258,950
205.2
2.22
3.28
Source: Calculations by the Ohio Regional Economic Analysis Project (OH-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_1200_PSN
 
   

Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
United States:
Total Industry Earnings, 1969-2017
 
1969
 
655,222,000
0.200
3,273,654,759
100.0
N
1970
 
695,122,000
0.210
3,317,846,404
101.3
1.35
1971
 
744,129,000
0.218
3,407,028,067
104.1
2.69
1972
 
821,953,000
0.226
3,639,214,558
111.2
6.81
1973
 
921,321,000
0.238
3,870,771,364
118.2
6.36
1974
 
996,515,000
0.263
3,791,914,003
115.8
-2.04
1975
 
1,062,436,000
0.285
3,731,773,797
114.0
-1.59
1976
 
1,176,158,000
0.300
3,916,349,228
119.6
4.95
1977
 
1,306,927,000
0.320
4,085,934,471
124.8
4.33
1978
 
1,479,559,000
0.342
4,324,804,887
132.1
5.85
1979
 
1,652,190,000
0.373
4,435,290,328
135.5
2.55
1980
 
1,788,607,000
0.413
4,334,755,950
132.4
-2.27
1981
 
1,963,955,000
0.450
4,368,421,638
133.4
0.78
1982
 
2,055,057,000
0.475
4,330,447,151
132.3
-0.87
1983
 
2,189,442,000
0.495
4,425,439,625
135.2
2.19
1984
 
2,433,929,000
0.513
4,740,527,433
144.8
7.12
1985
 
2,617,433,000
0.531
4,926,098,167
150.5
3.91
1986
 
2,788,677,000
0.543
5,136,631,055
156.9
4.27
1987
 
2,997,904,000
0.560
5,356,843,685
163.6
4.29
1988
 
3,262,349,000
0.582
5,610,133,962
171.4
4.73
1989
 
3,470,801,000
0.607
5,718,900,972
174.7
1.94
1990
 
3,683,053,000
0.634
5,813,358,062
177.6
1.65
1991
 
3,792,707,000
0.655
5,792,780,230
177.0
-0.35
1992
 
4,064,120,000
0.672
6,046,178,107
184.7
4.37
1993
 
4,243,356,000
0.689
6,159,432,155
188.2
1.87
1994
 
4,463,755,000
0.703
6,346,871,890
193.9
3.04
1995
 
4,682,699,000
0.718
6,520,865,884
199.2
2.74
1996
 
4,964,951,000
0.733
6,769,218,499
206.8
3.81
1997
 
5,297,835,000
0.746
7,099,466,652
216.9
4.88
1998
 
5,717,821,000
0.752
7,601,867,954
232.2
7.08
1999
 
6,109,679,000
0.763
8,003,456,994
244.5
5.28
2000
 
6,611,246,000
0.782
8,450,496,581
258.1
5.59
2001
 
6,865,291,000
0.797
8,609,810,881
263.0
1.89
2002
 
7,001,130,000
0.808
8,665,944,621
264.7
0.65
2003
 
7,243,665,000
0.824
8,795,338,644
268.7
1.49
2004
 
7,675,133,000
0.844
9,092,574,428
277.7
3.38
2005
 
8,039,648,000
0.868
9,260,986,960
282.9
1.85
2006
 
8,519,777,000
0.892
9,554,104,335
291.8
3.17
2007
 
8,866,784,000
0.914
9,697,044,992
296.2
1.50
2008
 
9,013,458,000
0.942
9,570,458,696
292.3
-1.31
2009
 
8,688,446,000
0.941
9,233,793,866
282.1
-3.52
2010
 
9,023,198,000
0.957
9,428,136,461
288.0
2.10
2011
 
9,443,528,000
0.981
9,623,389,143
294.0
2.07
2012
 
9,901,882,000
1.000
9,901,882,000
302.5
2.89
2013
 
10,231,478,000
1.013
10,095,591,341
308.4
1.96
2014
 
10,686,606,000
1.029
10,388,659,253
317.3
2.90
2015
 
11,110,111,000
1.031
10,773,336,501
329.1
3.70
2016
 
11,365,731,000
1.042
10,903,948,770
333.1
1.21
2017
 
11,897,410,000
1.061
11,216,247,301
342.6
2.86
Source: Calculations by the Ohio Regional Economic Analysis Project (OH-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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