Moffat County vs. Colorado
Comparative Trends Analysis:
Average Earnings Per Job Growth and Change, 1969-2017
Introduction
Moffat County:
2017 Avg. Earnings = $48,694
2017 Percent of State = 82.4%
Colorado:
2017 Avg. Earnings = $59,087
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 Moffat County with comparisons to Colorado and the nation is an important first step in understanding the economic forces at play in Moffat 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.
Moffat County Average Earnings Per Job, 1969-2017
Current vs. Constant Dollars
Moffat County Average Earnings Per Job, 1969-2017
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Moffat 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 Moffat County over time.
When measured in current dollars, Moffat County's average earnings per job increased 790.2%, from $5,470 in 1969 to $48,694 in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 68.0%, from $27,330 in 1969 to $45,907 in 2017.
Real Average Earnings Per Job, 1969-2017
Real Average Earnings Per Job, 1969-2017
Figure 2.
Figure 2 tracks Moffat County's and Colorado'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, Moffat County's real average earnings per job rose from $27,330 in 1969 to $45,907 in 2017, for a net gain of $18,577, or 68.0%. In comparison, Colorado's real average earnings per job increased from $33,553 in 1969 to $55,704 in 2017, for a net advance of $22,150, or 66.0%.
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 Moffat County's real average earnings per job growth in a broader context by offering direct comparisons across time with Colorado, 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.
Moffat County's overall real average earnings per job growth was 68.0% over 1969-2017 outpaced Colorado's increase of 66.0%, and topped 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 portrays the trends for average earnings per job relative to the national average by tracing Moffat County and Colorado average earnings per job as a percent of the national average over 1969-2017.
In 1969, Moffat County's average earnings per job amounted to 76.0% of the national average; in 2017, it approximated 80.3%. Similarly, in 1969, Colorado's average earnings per job totaled 93.3% of the national average; in 2017, it consisted of 97.4%.
Moffat County Real Average Earnings Per Job:
Annual Percent Change, 1970-2017
Moffat County Real Average Earnings Per Job:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 shows the short-run pattern of Moffat 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, Moffat County's real average earnings per job grew at an annual rate of 1.22% over 1970-2017. The county posted its highest growth in 1976 (13.56%) and posted its lowest growth in 1974 (-11.18%). In 2017, Moffat County's real average earnings per job declined by -2.66%
Moffat County Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2017
Moffat 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 illustrates the annual percent change in Moffat County's real average earnings per job 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, Moffat County's annual real average earnings per job growth rate averaged 4.32%. It averaged -1.13% throughout the 1980s, 0.58% throughout the 1990s, 1.74% throughout the 2000s, and 0.41% 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 Moffat County noted in the previous graph with the corresponding decade averages for Colorado and the nation. As the chart reveals, Moffat County's average annual real average earnings per job growth registered above Colorado's average during the 1970s (4.32% vs. 1.20%), fell below Colorado's average in the 1980s (-1.13% vs. 0.17%), fell below Colorado's average in the 1990s (0.58% vs. 2.53%), surpassed Colorado's average during the 2000s (1.74% vs. 0.11%), and amounted to less than Colorado's average over the 8 year period of the last decade, 2010-2017 (0.41% vs. 1.50%).
Finally, relative to nationwide real average earnings per job growth trends, Moffat County registered above the nation during the 1970s (4.32% vs. 0.89%), fell below the nation over the 1980s (-1.13% vs. 0.70%), posted below the nation in the 1990s (0.58% vs. 1.68%), outpaced the nation throughout the 2000s (1.74% vs. 0.72%), and posted below the nation over 2010-2017 (0.41% vs. 0.92%).
   
 
Real* Average Earnings Per Job Growth:
Average Annual Percent Change
 
 
 
1.22
4.32
-1.13
0.58
1.74
0.41
-2.66
 
1.08
1.20
0.17
2.53
0.11
1.50
2.69
 
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.

   
 
Moffat County:
Average Earnings Per Job, 1969-2017
 
1969
 
5,470
0.200
27,330
100.0
N
81.45
76.01
1970
 
5,763
0.210
27,507
100.6
0.65
79.33
75.68
1971
 
6,702
0.218
30,684
112.3
11.55
84.75
82.48
1972
 
7,115
0.226
31,501
115.3
2.66
84.27
81.64
1973
 
7,436
0.238
31,240
114.3
-0.83
82.92
79.44
1974
 
7,292
0.263
27,746
101.5
-11.18
75.12
73.25
1975
 
8,448
0.285
29,675
108.6
6.95
80.99
78.64
1976
 
10,120
0.300
33,697
123.3
13.56
91.23
87.41
1977
 
12,107
0.320
37,850
138.5
12.32
102.34
97.31
1978
 
13,874
0.342
40,555
148.4
7.15
107.78
102.86
1979
 
15,166
0.373
40,712
149.0
0.39
107.85
103.86
1980
 
15,276
0.413
37,023
135.5
-9.06
99.72
97.35
1981
 
15,631
0.450
34,769
127.2
-6.09
93.25
91.46
1982
 
16,932
0.475
35,679
130.6
2.62
95.30
94.06
1983
 
18,267
0.495
36,922
135.1
3.48
97.91
96.48
1984
 
17,161
0.513
33,425
122.3
-9.47
88.50
84.98
1985
 
18,373
0.531
34,578
126.5
3.45
91.21
86.90
1986
 
19,692
0.543
36,272
132.7
4.90
94.20
89.14
1987
 
21,350
0.560
38,150
139.6
5.18
98.03
92.26
1988
 
20,709
0.582
35,612
130.3
-6.65
92.52
84.78
1989
 
21,680
0.607
35,723
130.7
0.31
93.10
85.06
1990
 
21,943
0.634
34,635
126.7
-3.05
89.93
82.41
1991
 
22,914
0.655
34,998
128.1
1.05
89.97
83.14
1992
 
25,008
0.672
37,204
136.1
6.30
91.54
85.02
1993
 
25,598
0.689
37,156
136.0
-0.13
90.18
84.92
1994
 
26,207
0.703
37,263
136.3
0.29
90.62
84.66
1995
 
26,757
0.718
37,261
136.3
-0.01
89.18
84.52
1996
 
26,779
0.733
36,510
133.6
-2.01
85.75
81.47
1997
 
26,585
0.746
35,626
130.4
-2.42
81.88
77.55
1998
 
27,841
0.752
37,015
135.4
3.90
79.62
77.17
1999
 
28,784
0.763
37,706
138.0
1.87
76.76
76.10
2000
 
29,353
0.782
37,519
137.3
-0.50
72.53
73.42
2001
 
30,440
0.797
38,175
139.7
1.75
72.85
73.39
2002
 
32,040
0.808
39,659
145.1
3.89
75.88
75.55
2003
 
33,977
0.824
41,255
151.0
4.02
79.22
77.83
2004
 
35,142
0.844
41,632
152.3
0.91
80.12
77.31
2005
 
37,168
0.868
42,814
156.7
2.84
82.11
79.67
2006
 
39,603
0.892
44,411
162.5
3.73
84.10
81.75
2007
 
40,811
0.914
44,632
163.3
0.50
85.52
82.64
2008
 
40,150
0.942
42,631
156.0
-4.48
83.60
79.83
2009
 
42,033
0.941
44,671
163.5
4.79
90.18
84.00
2010
 
41,056
0.957
42,898
157.0
-3.97
85.33
78.67
2011
 
44,389
0.981
45,235
165.5
5.45
88.65
82.77
2012
 
44,309
1.000
44,309
162.1
-2.05
85.17
80.09
2013
 
47,945
1.013
47,309
173.1
6.77
87.60
85.44
2014
 
49,440
1.029
48,061
175.9
1.59
86.19
86.16
2015
 
50,035
1.031
48,519
177.5
0.95
87.13
85.71
2016
 
49,157
1.042
47,160
172.6
-2.80
86.94
83.63
2017
 
48,694
1.061
45,907
168.0
-2.66
82.41
80.27
Source: Calculations by the Colorado Regional Economic Analysis Project (CO-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.

   
 
Colorado:
Average Earnings Per Job, 1969-2017
 
1969
 
6,716
0.200
33,553
100.0
N
93.33
1970
 
7,265
0.210
34,674
103.3
3.34
95.39
1971
 
7,908
0.218
36,208
107.9
4.42
97.33
1972
 
8,443
0.226
37,383
111.4
3.25
96.88
1973
 
8,968
0.238
37,676
112.3
0.78
95.80
1974
 
9,706
0.263
36,935
110.1
-1.97
97.51
1975
 
10,431
0.285
36,639
109.2
-0.80
97.10
1976
 
11,093
0.300
36,938
110.1
0.82
95.82
1977
 
11,830
0.320
36,986
110.2
0.13
95.08
1978
 
12,872
0.342
37,627
112.1
1.73
95.43
1979
 
14,062
0.373
37,750
112.5
0.33
96.30
1980
 
15,319
0.413
37,127
110.6
-1.65
97.63
1981
 
16,762
0.450
37,284
111.1
0.42
98.08
1982
 
17,767
0.475
37,439
111.6
0.41
98.70
1983
 
18,657
0.495
37,711
112.4
0.73
98.55
1984
 
19,392
0.513
37,769
112.6
0.15
96.03
1985
 
20,143
0.531
37,911
113.0
0.37
95.27
1986
 
20,905
0.543
38,507
114.8
1.57
94.63
1987
 
21,779
0.560
38,915
116.0
1.06
94.11
1988
 
22,382
0.582
38,490
114.7
-1.09
91.64
1989
 
23,287
0.607
38,370
114.4
-0.31
91.37
1990
 
24,401
0.634
38,514
114.8
0.38
91.65
1991
 
25,469
0.655
38,900
115.9
1.00
92.41
1992
 
27,319
0.672
40,643
121.1
4.48
92.88
1993
 
28,386
0.689
41,204
122.8
1.38
94.17
1994
 
28,918
0.703
41,118
122.5
-0.21
93.42
1995
 
30,004
0.718
41,781
124.5
1.61
94.77
1996
 
31,230
0.733
42,579
126.9
1.91
95.02
1997
 
32,470
0.746
43,512
129.7
2.19
94.72
1998
 
34,966
0.752
46,487
138.5
6.84
96.92
1999
 
37,499
0.763
49,123
146.4
5.67
99.14
2000
 
40,468
0.782
51,726
154.2
5.30
101.22
2001
 
41,785
0.797
52,403
156.2
1.31
100.74
2002
 
42,223
0.808
52,263
155.8
-0.27
99.57
2003
 
42,888
0.824
52,075
155.2
-0.36
98.24
2004
 
43,861
0.844
51,961
154.9
-0.22
96.49
2005
 
45,263
0.868
52,140
155.4
0.34
97.03
2006
 
47,093
0.892
52,810
157.4
1.29
97.21
2007
 
47,723
0.914
52,192
155.5
-1.17
96.64
2008
 
48,028
0.942
50,996
152.0
-2.29
95.49
2009
 
46,611
0.941
49,537
147.6
-2.86
93.15
2010
 
48,114
0.957
50,274
149.8
1.49
92.20
2011
 
50,073
0.981
51,026
152.1
1.50
93.37
2012
 
52,025
1.000
52,025
155.1
1.96
94.04
2013
 
54,730
1.013
54,003
160.9
3.80
97.53
2014
 
57,364
1.029
55,764
166.2
3.26
99.97
2015
 
57,426
1.031
55,685
166.0
-0.14
98.37
2016
 
56,542
1.042
54,245
161.7
-2.59
96.20
2017
 
59,087
1.061
55,704
166.0
2.69
97.41
Source: Calculations by the Colorado Regional Economic Analysis Project (CO-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 Colorado Regional Economic Analysis Project (CO-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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