Iron County vs. Utah
Comparative Trends Analysis:
Average Earnings Per Job Growth and Change, 1969-2017
Introduction
Iron County:
2017 Avg. Earnings = $34,750
2017 Percent of State = 68.6%
Utah:
2017 Avg. Earnings = $50,655
The United States economy has generated an impressive number of jobs since the 1970s. The contrast between the nation's vigorous employment growth and the modest performance of other major industrial countries is striking. Despite this rosy track record, the real (inflation adjusted) wages and salaries of many workers have stagnated or slipped in recent years. This development has provoked concerns about the quality of new jobs. Structural shifts in the composition of employment--from high-wage goods-producing to low-wage services-related sectors--is the culprit most often cited for the deteriorating quality of jobs.
Regions vary greatly in the make-up of their labor force, in their industry composition of employment, and their economic experience. Reviewing and examining recent developments in average earnings per job in Iron County with comparisons to Utah and the nation is an important first step in understanding the economic forces at play in Iron County.
Discussion: Average Annual Earnings Per Job are computed by dividing BEA total industry earnings estimates by the BEA total full- and part-time jobs estimates. No convenient or adequate means exist at the county or regional level for converting the job estimates to a full-time equivalent measure. So, interpret the average earnings per job estimates with caution in consideration of the following issues:
Average earnings per job within industries involving more part-time work is lower than industries involving more full-time work, although there could be little difference in the underlying wage of full-time workers. Such differences could also prevail between counties and regions. An increase in the proportion of part-time jobs over time may erode average earnings per job estimates, although full-time earnings per worker may have remained unchanged.
As with per capita income, average earnings per job may be subject to extreme short-run variation, especially in smaller counties. Major construction projects relating to building dams, nuclear power plants, and private plant construction projects have caused extreme fluctuations in many smaller counties. Such changes typify both small and large agriculture-dependent counties owing to the extreme annual variations in farm incomes. Also, Since average earnings per job are just a simple average, it does not account for variations in the distribution of earnings among high- vs. low-wage jobs.
Iron County Average Earnings Per Job, 1969-2017
Current vs. Constant Dollars
Iron County Average Earnings Per Job, 1969-2017
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Iron County's annual average earnings per job 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 Iron County over time.
When measured in current dollars, Iron County's average earnings per job increased 530.4%, from $5,513 in 1969 to $34,750 in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 18.9%, from $27,542 in 1969 to $32,761 in 2017.
Real Average Earnings Per Job, 1969-2017
Real Average Earnings Per Job, 1969-2017
Figure 2.
Figure 2 traces Iron County's and Utah's annual real average earnings per job for the period 1969-2017 to illustrate real average earnings per job patterns over time. During this 49-year period, Iron County's real average earnings per job rose from $27,542 in 1969 to $32,761 in 2017, for a net gain of $5,218, or 18.9%. In comparison, Utah's real average earnings per job increased from $31,914 in 1969 to $47,755 in 2017, for a net advance of $15,841, or 49.6%.
Real Average Earnings Per Job Indices (1969=100): 1969-2017
Real Average Earnings Per Job Indices (1969=100): 1969-2017
Figure 3.
Figure 3 portrays Iron County's real average earnings per job growth in a broader context by offering direct comparisons across time with Utah, the United States. The growth indices shown here express each region's real average earnings per job in 1969 as a base figure of 100, and the real average earnings per jobs in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real average earnings per job growth between regions that may differ vastly in size.
Iron County's overall real average earnings per job growth was 18.9% over 1969-2017 trailed Utah's increase of 49.6%, and fell below the United States' increase of 59.1%.
Average Earnings Per Job as a Percent of the U.S. Average: 1969-2017
Average Earnings Per Job as a Percent of the U.S. Average: 1969-2017
Figure 4.
Figure 4 depicts the trends for average earnings per job relative to the national average by tracing Iron County and Utah average earnings per job as a percent of the national average over 1969-2017.
In 1969, Iron County's average earnings per job amounted to 76.6% of the national average; in 2017, it approximated 57.3%. Similarly, in 1969, Utah's average earnings per job totaled 88.8% of the national average; in 2017, it consisted of 83.5%.
Iron County Real Average Earnings Per Job:
Annual Percent Change, 1970-2017
Iron County Real Average Earnings Per Job:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 highlights the short-run pattern of Iron County's real average earnings per job 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, Iron County's real average earnings per job grew at an annual rate of 0.43% over 1970-2017. The county recorded its highest growth in 2001 (13.15%) and recorded its lowest growth in 1994 (-5.45%). In 2017, Iron County's real average earnings per job grew by 1.18%
Iron County Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2017
Iron County Real Average Earnings Per Job:
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 shows the annual percent change in Iron County's real average earnings per job 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, Iron County's annual real average earnings per job growth rate averaged 1.13%. It averaged -0.77% throughout the 1980s, 0.18% during the 1990s, 0.80% during the 2000s, and 0.90% thus far this decade (2010 to 2017).
Real Average Earnings Per Job Growth:
Average Annual Percent Change by Decade
Real Average Earnings Per Job Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Iron County noted in the previous graph with the corresponding decade averages for Utah and the nation. As the chart reveals, Iron County's average annual real average earnings per job growth recorded under Utah's average during the 1970s (1.13% vs. 1.15%), amounted to less than Utah's average in the 1980s (-0.77% vs. -0.35%), posted below Utah's average during the 1990s (0.18% vs. 1.61%), exceeded Utah's average during the 2000s (0.80% vs. 0.56%), and amounted to less than Utah's average over the 8 year period of the last decade, 2010-2017 (0.90% vs. 1.43%).
Finally, relative to nationwide real average earnings per job growth trends, Iron County recorded above the nation during the 1970s (1.13% vs. 0.89%), recorded underneath the nation during the 1980s (-0.77% vs. 0.70%), trailed the nation throughout the 1990s (0.18% vs. 1.68%), exceeded the nation during the 2000s (0.80% vs. 0.72%), and fell under the nation over 2010-2017 (0.90% vs. 0.92%).
   
 
Real* Average Earnings Per Job Growth:
Average Annual Percent Change
 
 
 
0.43
1.13
-0.77
0.18
0.80
0.90
1.18
 
0.86
1.15
-0.35
1.61
0.56
1.43
0.87
 
0.98
0.89
0.70
1.68
0.72
0.92
1.41
 
   

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

   
 
Iron County:
Average Earnings Per Job, 1969-2017
 
1969
 
5,513
0.200
27,542
100.0
N
86.30
76.61
1970
 
5,515
0.210
26,322
95.6
-4.43
80.57
72.42
1971
 
6,017
0.218
27,547
100.0
4.65
81.38
74.05
1972
 
6,510
0.226
28,822
104.6
4.63
83.19
74.69
1973
 
6,988
0.238
29,358
106.6
1.86
84.08
74.65
1974
 
7,336
0.263
27,916
101.4
-4.91
82.61
73.70
1975
 
7,647
0.285
26,858
97.5
-3.79
79.45
71.18
1976
 
8,635
0.300
28,753
104.4
7.05
82.33
74.58
1977
 
9,789
0.320
30,605
111.1
6.44
86.55
78.68
1978
 
10,619
0.342
31,041
112.7
1.42
86.69
78.73
1979
 
11,380
0.373
30,550
110.9
-1.58
85.51
77.93
1980
 
12,206
0.413
29,582
107.4
-3.17
84.36
77.79
1981
 
12,578
0.450
27,977
101.6
-5.43
79.04
73.59
1982
 
12,866
0.475
27,112
98.4
-3.09
77.20
71.48
1983
 
13,270
0.495
26,823
97.4
-1.07
76.18
70.09
1984
 
14,484
0.513
28,210
102.4
5.17
79.09
71.72
1985
 
14,679
0.531
27,626
100.3
-2.07
77.61
69.43
1986
 
15,435
0.543
28,430
103.2
2.91
79.17
69.87
1987
 
15,389
0.560
27,497
99.8
-3.28
78.25
66.50
1988
 
16,045
0.582
27,592
100.2
0.34
79.15
65.69
1989
 
17,071
0.607
28,129
102.1
1.95
81.60
66.98
1990
 
18,377
0.634
29,007
105.3
3.12
83.87
69.02
1991
 
18,403
0.655
28,108
102.1
-3.10
79.80
66.77
1992
 
19,594
0.672
29,150
105.8
3.71
79.43
66.61
1993
 
20,252
0.689
29,397
106.7
0.85
79.59
67.19
1994
 
19,548
0.703
27,795
100.9
-5.45
75.99
63.15
1995
 
20,378
0.718
28,377
103.0
2.09
76.50
64.37
1996
 
20,339
0.733
27,731
100.7
-2.28
74.53
61.88
1997
 
21,313
0.746
28,561
103.7
2.99
74.97
62.17
1998
 
21,816
0.752
29,005
105.3
1.55
73.79
60.47
1999
 
21,757
0.763
28,502
103.5
-1.73
70.57
57.52
2000
 
21,173
0.782
27,063
98.3
-5.05
66.81
52.96
2001
 
24,417
0.797
30,621
111.2
13.15
74.54
58.87
2002
 
25,849
0.808
31,995
116.2
4.49
77.39
60.95
2003
 
26,726
0.824
32,452
117.8
1.43
78.02
61.22
2004
 
27,601
0.844
32,698
118.7
0.76
77.33
60.72
2005
 
27,945
0.868
32,191
116.9
-1.55
75.69
59.90
2006
 
29,016
0.892
32,539
118.1
1.08
73.76
59.90
2007
 
28,703
0.914
31,391
114.0
-3.53
71.52
58.12
2008
 
29,098
0.942
30,896
112.2
-1.58
71.66
57.85
2009
 
28,719
0.941
30,522
110.8
-1.21
71.56
57.39
2010
 
29,361
0.957
30,679
111.4
0.51
71.09
56.26
2011
 
30,854
0.981
31,441
114.2
2.49
72.27
57.53
2012
 
31,276
1.000
31,276
113.6
-0.53
69.78
56.53
2013
 
32,857
1.013
32,420
117.7
3.66
71.66
58.55
2014
 
33,243
1.029
32,317
117.3
-0.32
70.70
57.93
2015
 
33,885
1.031
32,858
119.3
1.67
69.99
58.04
2016
 
33,751
1.042
32,380
117.6
-1.45
68.39
57.42
2017
 
34,750
1.061
32,761
118.9
1.18
68.60
57.29
Source: Calculations by the Utah Regional Economic Analysis Project (UT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_1400_PSN
 
   

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

   
 
Utah:
Average Earnings Per Job, 1969-2017
 
1969
 
6,388
0.200
31,914
100.0
N
88.77
1970
 
6,845
0.210
32,672
102.4
2.37
89.88
1971
 
7,393
0.218
33,851
106.1
3.61
90.99
1972
 
7,825
0.226
34,646
108.6
2.35
89.79
1973
 
8,311
0.238
34,917
109.4
0.78
88.79
1974
 
8,881
0.263
33,794
105.9
-3.22
89.22
1975
 
9,624
0.285
33,806
105.9
0.03
89.59
1976
 
10,488
0.300
34,924
109.4
3.31
90.59
1977
 
11,311
0.320
35,362
110.8
1.25
90.91
1978
 
12,251
0.342
35,809
112.2
1.26
90.82
1979
 
13,308
0.373
35,725
111.9
-0.24
91.14
1980
 
14,469
0.413
35,065
109.9
-1.85
92.20
1981
 
15,913
0.450
35,394
110.9
0.94
93.11
1982
 
16,666
0.475
35,118
110.0
-0.78
92.58
1983
 
17,420
0.495
35,210
110.3
0.26
92.01
1984
 
18,314
0.513
35,670
111.8
1.30
90.69
1985
 
18,914
0.531
35,597
111.5
-0.20
89.46
1986
 
19,495
0.543
35,909
112.5
0.88
88.25
1987
 
19,665
0.560
35,138
110.1
-2.15
84.98
1988
 
20,270
0.582
34,858
109.2
-0.80
82.99
1989
 
20,920
0.607
34,471
108.0
-1.11
82.08
1990
 
21,912
0.634
34,585
108.4
0.33
82.30
1991
 
23,062
0.655
35,224
110.4
1.85
83.68
1992
 
24,667
0.672
36,697
115.0
4.18
83.86
1993
 
25,444
0.689
36,933
115.7
0.64
84.41
1994
 
25,725
0.703
36,577
114.6
-0.96
83.10
1995
 
26,637
0.718
37,094
116.2
1.41
84.14
1996
 
27,289
0.733
37,206
116.6
0.30
83.03
1997
 
28,428
0.746
38,096
119.4
2.39
82.93
1998
 
29,567
0.752
39,309
123.2
3.19
81.95
1999
 
30,830
0.763
40,387
126.5
2.74
81.51
2000
 
31,692
0.782
40,508
126.9
0.30
79.27
2001
 
32,755
0.797
41,078
128.7
1.41
78.97
2002
 
33,402
0.808
41,345
129.6
0.65
78.77
2003
 
34,257
0.824
41,595
130.3
0.61
78.47
2004
 
35,693
0.844
42,285
132.5
1.66
78.52
2005
 
36,923
0.868
42,532
133.3
0.58
79.15
2006
 
39,341
0.892
44,117
138.2
3.73
81.21
2007
 
40,131
0.914
43,888
137.5
-0.52
81.26
2008
 
40,607
0.942
43,116
135.1
-1.76
80.74
2009
 
40,135
0.941
42,654
133.7
-1.07
80.21
2010
 
41,302
0.957
43,155
135.2
1.18
79.14
2011
 
42,693
0.981
43,506
136.3
0.81
79.61
2012
 
44,819
1.000
44,819
140.4
3.02
81.01
2013
 
45,853
1.013
45,244
141.8
0.95
81.71
2014
 
47,017
1.029
45,707
143.2
1.02
81.94
2015
 
48,410
1.031
46,943
147.1
2.70
82.93
2016
 
49,348
1.042
47,343
148.3
0.85
83.96
2017
 
50,655
1.061
47,755
149.6
0.87
83.51
Source: Calculations by the Utah Regional Economic Analysis Project (UT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_1400_PSN
 
   

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

   
 
United States:
Average Earnings Per Job, 1969-2017
 
1969
 
7,196
0.200
35,953
100.0
N
1970
 
7,615
0.210
36,349
101.1
1.10
1971
 
8,125
0.218
37,202
103.5
2.35
1972
 
8,715
0.226
38,587
107.3
3.72
1973
 
9,360
0.238
39,326
109.4
1.92
1974
 
9,954
0.263
37,877
105.4
-3.69
1975
 
10,742
0.285
37,733
104.9
-0.38
1976
 
11,577
0.300
38,550
107.2
2.17
1977
 
12,442
0.320
38,898
108.2
0.90
1978
 
13,489
0.342
39,429
109.7
1.36
1979
 
14,602
0.373
39,199
109.0
-0.58
1980
 
15,692
0.413
38,030
105.8
-2.98
1981
 
17,091
0.450
38,015
105.7
-0.04
1982
 
18,001
0.475
37,932
105.5
-0.22
1983
 
18,932
0.495
38,267
106.4
0.88
1984
 
20,194
0.513
39,331
109.4
2.78
1985
 
21,143
0.531
39,792
110.7
1.17
1986
 
22,092
0.543
40,692
113.2
2.26
1987
 
23,141
0.560
41,350
115.0
1.62
1988
 
24,425
0.582
42,003
116.8
1.58
1989
 
25,487
0.607
41,996
116.8
-0.02
1990
 
26,625
0.634
42,025
116.9
0.07
1991
 
27,561
0.655
42,095
117.1
0.17
1992
 
29,415
0.672
43,760
121.7
3.96
1993
 
30,143
0.689
43,754
121.7
-0.01
1994
 
30,956
0.703
44,015
122.4
0.60
1995
 
31,658
0.718
44,085
122.6
0.16
1996
 
32,868
0.733
44,813
124.6
1.65
1997
 
34,281
0.746
45,939
127.8
2.51
1998
 
36,079
0.752
47,967
133.4
4.41
1999
 
37,823
0.763
49,547
137.8
3.29
2000
 
39,978
0.782
51,100
142.1
3.13
2001
 
41,477
0.797
52,016
144.7
1.79
2002
 
42,407
0.808
52,491
146.0
0.91
2003
 
43,657
0.824
53,009
147.4
0.99
2004
 
45,458
0.844
53,853
149.8
1.59
2005
 
46,650
0.868
53,737
149.5
-0.22
2006
 
48,444
0.892
54,325
151.1
1.09
2007
 
49,385
0.914
54,009
150.2
-0.58
2008
 
50,294
0.942
53,402
148.5
-1.12
2009
 
50,038
0.941
53,179
147.9
-0.42
2010
 
52,187
0.957
54,529
151.7
2.54
2011
 
53,628
0.981
54,650
152.0
0.22
2012
 
55,324
1.000
55,324
153.9
1.23
2013
 
56,117
1.013
55,371
154.0
0.09
2014
 
57,382
1.029
55,782
155.2
0.74
2015
 
58,377
1.031
56,607
157.4
1.48
2016
 
58,777
1.042
56,389
156.8
-0.38
2017
 
60,660
1.061
57,187
159.1
1.41
Source: Calculations by the Utah Regional Economic Analysis Project (UT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_1400_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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