Jefferson County vs. Ohio
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2017
Introduction
Jefferson County:
2017 Earnings = $1,275,160K
2017 Percent of State = 0.3%
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.
Jefferson County Total Industry Earnings, 1969-2017
Current vs. Constant Dollars (Millions)
Jefferson County Total Industry Earnings, 1969-2017
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Jefferson 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 Jefferson County over time.
When measured in current dollars, Jefferson County's total industry earnings increased 413.9%, from $248M in 1969 to $1,275M in 2017. When measured in constant 2012 dollars to adjust for inflation, it declined -3.0%, from $1,240M in 1969 to $1,202M in 2017.
Real Total Industry Earnings, 1969-2017 (Millions)
Real Total Industry Earnings, 1969-2017 (Millions)
Figure 2.
Figure 2 tracks Jefferson 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, Jefferson County's real total industry earnings dropped from $1,240M in 1969 to $1,202M in 2017, for a net loss of ($38)M, or -3.0%. In comparison, Ohio's real total industry earnings advanced from $179,472M in 1969 to $368,259M in 2017, for a net gain 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 Jefferson 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.
Jefferson County's overall real total industry earnings growth was -3.0% 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 Jefferson 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, Jefferson County's total industry earnings comprised 0.69% of Ohio's total industry earnings, while in 2017 it comprised 0.33% thereby yielding a -0.36% share-shift.
   
 
Total Industry Earnings Share-Shift
2017 vs. 1969
 
Share-
Shift*
 
2017
vs.
1969
-0.36%
=
0.33%
-
0.69%
 
   
Jefferson County Real Total Industry Earnings:
Annual Percent Change, 1970-2017
Jefferson County Real Total Industry Earnings:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 highlights the short-run pattern of Jefferson 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, Jefferson County's real total industry earnings grew at an annual rate of 0.07% over 1970-2017. The county recorded its highest growth in 1998 (15.44%) and recorded its lowest growth in 2009 (-11.12%). In 2017, Jefferson County's real total industry earnings grew by 1.39%
Jefferson County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2017
Jefferson 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 traces the annual percent change in Jefferson County's real total industry earnings since 1970, but this time they are displayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, and 2010-2017.
During the 1970s, Jefferson County's annual real total industry earnings growth rate averaged 2.45%. It averaged -2.66% during the 1980s, 0.83% throughout the 1990s, 0.71% throughout the 2000s, and -1.24% 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 Jefferson County noted in the previous graph with the corresponding decade averages for Ohio and the nation. As the chart reveals, Jefferson County's average annual real total industry earnings growth registered above Ohio's average in the 1970s (2.45% vs. 1.95%), amounted to less than Ohio's average during the 1980s (-2.66% vs. 1.13%), recorded under Ohio's average during the 1990s (0.83% vs. 2.66%), outpaced Ohio's average throughout the 2000s (0.71% vs. 0.13%), and fell below Ohio's average over the 8 year period of the last decade, 2010-2017 (-1.24% vs. 1.96%).
Finally, relative to nationwide real total industry earnings growth trends, Jefferson County recorded underneath the nation over the 1970s (2.45% vs. 3.13%), trailed the nation over the 1980s (-2.66% vs. 2.61%), lagged the nation throughout the 1990s (0.83% vs. 3.44%), recorded underneath the nation throughout the 2000s (0.71% vs. 1.47%), and posted below the nation over 2010-2017 (-1.24% vs. 2.46%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
0.07
2.45
-2.66
0.83
0.71
-1.24
1.39
 
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.

   
 
Jefferson County:
Total Industry Earnings, 1969-2017
 
1969
 
248,121
0.200
1,239,675
100.0
N
0.69
1970
 
270,462
0.210
1,290,926
104.1
4.13
0.73
1971
 
278,196
0.218
1,273,733
102.7
-1.33
0.71
1972
 
301,538
0.226
1,335,066
107.7
4.82
0.71
1973
 
329,597
0.238
1,384,745
111.7
3.72
0.69
1974
 
374,914
0.263
1,426,613
115.1
3.02
0.73
1975
 
413,153
0.285
1,451,187
117.1
1.72
0.78
1976
 
483,737
0.300
1,610,739
129.9
10.99
0.82
1977
 
510,990
0.320
1,597,543
128.9
-0.82
0.78
1978
 
529,823
0.342
1,548,692
124.9
-3.06
0.72
1979
 
584,136
0.373
1,568,108
126.5
1.25
0.72
1980
 
613,278
0.413
1,486,302
119.9
-5.22
0.73
1981
 
596,974
0.450
1,327,848
107.1
-10.66
0.67
1982
 
611,254
0.475
1,288,044
103.9
-3.00
0.68
1983
 
579,584
0.495
1,171,492
94.5
-9.05
0.61
1984
 
627,518
0.513
1,222,208
98.6
4.33
0.59
1985
 
593,565
0.531
1,117,110
90.1
-8.60
0.52
1986
 
628,513
0.543
1,157,696
93.4
3.63
0.53
1987
 
641,733
0.560
1,146,689
92.5
-0.95
0.51
1988
 
663,407
0.582
1,140,835
92.0
-0.51
0.48
1989
 
715,773
0.607
1,179,392
95.1
3.38
0.49
1990
 
783,391
0.634
1,236,510
99.7
4.84
0.51
1991
 
766,202
0.655
1,170,256
94.4
-5.36
0.49
1992
 
828,873
0.672
1,233,112
99.5
5.37
0.49
1993
 
831,893
0.689
1,207,532
97.4
-2.07
0.47
1994
 
860,711
0.703
1,223,818
98.7
1.35
0.46
1995
 
844,470
0.718
1,175,962
94.9
-3.91
0.43
1996
 
848,972
0.733
1,157,489
93.4
-1.57
0.42
1997
 
794,484
0.746
1,064,664
85.9
-8.02
0.37
1998
 
924,407
0.752
1,229,003
99.1
15.44
0.41
1999
 
959,304
0.763
1,256,653
101.4
2.25
0.40
2000
 
971,208
0.782
1,241,398
100.1
-1.21
0.39
2001
 
1,052,269
0.797
1,319,658
106.5
6.30
0.41
2002
 
1,093,507
0.808
1,353,535
109.2
2.57
0.42
2003
 
1,116,290
0.824
1,355,412
109.3
0.14
0.42
2004
 
1,128,121
0.844
1,336,462
107.8
-1.40
0.40
2005
 
1,152,817
0.868
1,327,947
107.1
-0.64
0.40
2006
 
1,217,791
0.892
1,365,635
110.2
2.84
0.41
2007
 
1,297,244
0.914
1,418,714
114.4
3.89
0.42
2008
 
1,412,618
0.942
1,499,913
121.0
5.72
0.46
2009
 
1,254,396
0.941
1,333,131
107.5
-11.12
0.42
2010
 
1,170,109
0.957
1,222,621
98.6
-8.29
0.38
2011
 
1,205,875
0.981
1,228,842
99.1
0.51
0.37
2012
 
1,198,803
1.000
1,198,803
96.7
-2.44
0.36
2013
 
1,199,189
1.013
1,183,262
95.4
-1.30
0.34
2014
 
1,221,276
1.029
1,187,226
95.8
0.34
0.34
2015
 
1,220,922
1.031
1,183,913
95.5
-0.28
0.33
2016
 
1,235,886
1.042
1,185,673
95.6
0.15
0.33
2017
 
1,275,160
1.061
1,202,153
97.0
1.39
0.33
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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