Jackson County vs. Missouri
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Jackson County vs. Missouri
Jackson County:
2022 Earnings = $36,930,041K
2022 Percent of State = 15.01%
Missouri:
2022 Earnings = $246,009,141K
2022 Percent of U.S. = 1.62%
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.
Jackson County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Jackson County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Jackson County's annual total industry earnings over 1970-2022 in current and constant (2017) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Jackson County over time.
When measured in current dollars, Jackson County's total industry earnings increased 1,063.97%, from $3,173M in 1970 to $36,930M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 98.26%, from $16,052M in 1970 to $31,824M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Jackson County's and Missouri's annual real total industry earnings for the period 1969-2022 to illustrate real total industry earnings patterns over time. During this 54-year period, Jackson County's real total industry earnings rose from $15,935M in 1969 to $31,824M in 2022, for a net gain of $15,889M, or 99.71%. In comparison, Missouri's real total industry earnings advanced from $77,915M in 1969 to $211,998M in 2022, for a net gain of $134,083M, or 172.09%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Jackson County's real total industry earnings growth in a broader context by offering direct comparisons across time with Missouri, 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.
Jackson County's overall real total industry earnings growth was 99.71% over 1969-2022 trailed Missouri's increase of 172.09%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Missouri Total: 1969-2022
Total Industry Earnings as a Percent of the Missouri Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of Jackson County is to compare its individual percentage contributions to Missouri'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 Missouri's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Jackson County's total industry earnings comprised 20.45% of Missouri's total industry earnings, while in 2022 it totaled 15.01% thereby yielding a -5.44% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-5.44%
=
15.01%
-
20.45%
 
   
Jackson County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Jackson County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Jackson County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2022. The average annual percent change for the entire 53-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, Jackson County's real total industry earnings grew at an annual rate of 1.35% over 1970-2022. The county recorded its highest growth in 1984 (7.14%) and posted its lowest growth in 1981 (-6.05%). In 2022, Jackson County's real total industry earnings declined by -0.74%
Jackson County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Jackson County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Figure 6.
Over the past five decades some counties have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again depicts the annual percent change in Jackson 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, 2010s, and 2020-2022.
During the 1970s, Jackson County's annual real total industry earnings growth rate averaged 2.00%. It averaged 0.57% throughout the 1980s, 2.69% during the 1990s, 0.51% in the 2000s, 1.20% throughout the 2010s, 0.59% thus far this decade (2020-2022).
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 Jackson County noted in the previous graph with the corresponding decade averages for Missouri and the nation. As the chart reveals, Jackson County's average annual real total industry earnings growth posted below Missouri's average throughout the 1970s (2.00% vs. 2.50%), fell below Missouri's average in the 1980s (0.57% vs. 1.80%), trailed Missouri's average during the 1990s (2.69% vs. 2.96%), recorded under Missouri's average in the 2000s (0.51% vs. 1.30%), posted below Missouri's average in the 2010s (1.20% vs. 1.34%), and trailed Missouri's average over the 3 year period of the current decade, 2020-2022 (0.59% vs. 1.25%).
Finally, relative to nationwide real total industry earnings growth trends, Jackson County fell below the nation throughout the 1970s (2.00% vs. 3.13%), trailed the nation over the 1980s (0.57% vs. 2.62%), fell below the nation over the 1990s (2.69% vs. 3.43%), posted below the nation throughout the 2000s (0.51% vs. 1.47%), recorded underneath the nation in the 2010s (1.20% vs. 2.53%), and recorded underneath the nation over 2020-2022 (0.59% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.35
2.00
0.57
2.69
0.51
1.20
0.59
-0.74
 
1.94
2.50
1.80
2.96
1.30
1.34
1.25
0.48
 
2.57
3.13
2.62
3.43
1.47
2.53
1.48
0.05
 
   

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

   
 
Jackson County:
Total Industry Earnings, 1969-2022
 
1969
 
3,009,028
0.189
15,935,116
100.0
N
20.45
1970
 
3,172,769
0.198
16,051,649
100.7
0.73
20.21
1971
 
3,371,242
0.206
16,361,281
102.7
1.93
20.12
1972
 
3,668,791
0.213
17,217,904
108.1
5.24
20.09
1973
 
3,980,998
0.225
17,728,782
111.3
2.97
19.61
1974
 
4,227,025
0.248
17,049,268
107.0
-3.83
19.93
1975
 
4,529,748
0.269
16,864,289
105.8
-1.08
20.09
1976
 
4,987,588
0.283
17,603,459
110.5
4.38
19.98
1977
 
5,530,613
0.302
18,327,853
115.0
4.12
19.81
1978
 
6,144,855
0.323
19,038,465
119.5
3.88
19.62
1979
 
6,800,706
0.351
19,351,524
121.4
1.64
19.51
1980
 
7,250,956
0.389
18,626,582
116.9
-3.75
20.01
1981
 
7,422,361
0.424
17,499,378
109.8
-6.05
18.77
1982
 
7,696,694
0.448
17,191,249
107.9
-1.76
18.81
1983
 
8,037,278
0.467
17,219,295
108.1
0.16
18.44
1984
 
8,936,181
0.484
18,448,319
115.8
7.14
18.33
1985
 
9,624,996
0.501
19,200,838
120.5
4.08
18.29
1986
 
10,133,173
0.512
19,784,012
124.2
3.04
18.22
1987
 
10,823,021
0.528
20,497,369
128.6
3.61
18.22
1988
 
11,260,131
0.549
20,523,341
128.8
0.13
17.77
1989
 
11,649,767
0.573
20,345,029
127.7
-0.87
17.27
1990
 
12,200,658
0.598
20,410,971
128.1
0.32
17.35
1991
 
12,571,815
0.618
20,351,305
127.7
-0.29
17.41
1992
 
13,368,231
0.634
21,078,888
132.3
3.58
17.32
1993
 
13,971,590
0.650
21,494,754
134.9
1.97
17.39
1994
 
14,744,973
0.664
22,221,009
139.4
3.38
17.24
1995
 
15,401,681
0.678
22,731,766
142.7
2.30
17.07
1996
 
16,162,860
0.692
23,355,722
146.6
2.74
16.86
1997
 
17,031,310
0.704
24,189,796
151.8
3.57
16.72
1998
 
18,073,169
0.710
25,467,004
159.8
5.28
16.85
1999
 
19,076,023
0.720
26,494,108
166.3
4.03
16.83
2000
 
20,252,309
0.738
27,433,975
172.2
3.55
16.76
2001
 
19,504,781
0.753
25,902,076
162.5
-5.58
15.69
2002
 
19,777,844
0.763
25,924,216
162.7
0.09
15.45
2003
 
19,814,157
0.779
25,437,334
159.6
-1.88
14.99
2004
 
20,660,135
0.798
25,881,137
162.4
1.74
14.80
2005
 
21,527,991
0.821
26,213,049
164.5
1.28
14.95
2006
 
22,751,753
0.844
26,944,284
169.1
2.79
15.06
2007
 
23,652,998
0.866
27,310,723
171.4
1.36
15.17
2008
 
24,572,180
0.892
27,556,555
172.9
0.90
15.14
2009
 
24,713,068
0.889
27,792,162
174.4
0.85
15.54
2010
 
24,919,512
0.905
27,531,113
172.8
-0.94
15.43
2011
 
25,532,209
0.928
27,511,970
172.6
-0.07
15.45
2012
 
26,185,479
0.945
27,699,536
173.8
0.68
15.37
2013
 
26,732,642
0.958
27,910,172
175.1
0.76
15.12
2014
 
27,151,124
0.971
27,955,977
175.4
0.16
15.04
2015
 
28,341,500
0.973
29,128,254
182.8
4.19
15.28
2016
 
29,015,690
0.983
29,522,293
185.3
1.35
15.28
2017
 
30,164,654
1.000
30,164,654
189.3
2.18
15.35
2018
 
31,286,791
1.020
30,659,197
192.4
1.64
15.42
2019
 
32,375,495
1.035
31,276,743
196.3
2.01
15.31
2020
 
32,883,209
1.046
31,426,587
197.2
0.48
15.18
2021
 
34,946,919
1.090
32,061,099
201.2
2.02
15.20
2022
 
36,930,041
1.160
31,824,445
199.7
-0.74
15.01
Source: Calculations by the Missouri Regional Economic Analysis Project (MO-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PSN
 
   

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

   
 
Missouri:
Total Industry Earnings, 1969-2022
 
1969
 
14,712,696
0.189
77,915,035
100.0
N
2.25
1970
 
15,698,045
0.198
79,419,432
101.9
1.93
2.26
1971
 
16,758,181
0.206
81,330,653
104.4
2.41
2.26
1972
 
18,262,972
0.213
85,709,461
110.0
5.38
2.23
1973
 
20,300,593
0.225
90,405,669
116.0
5.48
2.21
1974
 
21,213,879
0.248
85,563,986
109.8
-5.36
2.13
1975
 
22,552,286
0.269
83,962,345
107.8
-1.87
2.13
1976
 
24,967,038
0.283
88,119,994
113.1
4.95
2.13
1977
 
27,923,603
0.302
92,535,800
118.8
5.01
2.14
1978
 
31,316,932
0.323
97,028,541
124.5
4.86
2.12
1979
 
34,866,267
0.351
99,212,552
127.3
2.25
2.12
1980
 
36,232,052
0.389
93,074,527
119.5
-6.19
2.03
1981
 
39,543,231
0.424
93,229,355
119.7
0.17
2.02
1982
 
40,917,487
0.448
91,392,837
117.3
-1.97
1.99
1983
 
43,574,712
0.467
93,355,712
119.8
2.15
1.99
1984
 
48,746,281
0.484
100,634,367
129.2
7.80
2.00
1985
 
52,618,890
0.501
104,969,059
134.7
4.31
2.01
1986
 
55,626,033
0.512
108,604,293
139.4
3.46
2.00
1987
 
59,407,318
0.528
112,509,598
144.4
3.60
1.98
1988
 
63,368,460
0.549
115,498,879
148.2
2.66
1.94
1989
 
67,445,849
0.573
117,786,712
151.2
1.98
1.95
1990
 
70,308,277
0.598
117,621,542
151.0
-0.14
1.91
1991
 
72,218,391
0.618
116,907,422
150.0
-0.61
1.91
1992
 
77,173,464
0.634
121,686,320
156.2
4.09
1.90
1993
 
80,324,366
0.650
123,575,948
158.6
1.55
1.90
1994
 
85,534,034
0.664
128,901,733
165.4
4.31
1.92
1995
 
90,233,679
0.678
133,178,379
170.9
3.32
1.93
1996
 
95,853,639
0.692
138,510,815
177.8
4.00
1.93
1997
 
101,885,517
0.704
144,709,357
185.7
4.48
1.93
1998
 
107,230,395
0.710
151,098,954
193.9
4.42
1.88
1999
 
113,362,627
0.720
157,445,906
202.1
4.20
1.86
2000
 
120,835,206
0.738
163,684,547
210.1
3.96
1.83
2001
 
124,339,711
0.753
165,121,393
211.9
0.88
1.81
2002
 
128,041,834
0.763
167,833,472
215.4
1.64
1.83
2003
 
132,224,139
0.779
169,748,811
217.9
1.14
1.83
2004
 
139,548,680
0.798
174,813,885
224.4
2.98
1.82
2005
 
144,007,814
0.821
175,347,710
225.0
0.31
1.79
2006
 
151,048,802
0.844
178,882,996
229.6
2.02
1.77
2007
 
155,885,733
0.866
179,992,071
231.0
0.62
1.76
2008
 
162,250,615
0.892
181,956,504
233.5
1.09
1.80
2009
 
159,063,031
0.889
178,881,289
229.6
-1.69
1.83
2010
 
161,525,984
0.905
178,454,144
229.0
-0.24
1.79
2011
 
165,299,065
0.928
178,116,315
228.6
-0.19
1.75
2012
 
170,361,061
0.945
180,211,417
231.3
1.18
1.73
2013
 
176,764,776
0.958
184,550,982
236.9
2.41
1.74
2014
 
180,544,872
0.971
185,896,842
238.6
0.73
1.70
2015
 
185,534,418
0.973
190,684,815
244.7
2.58
1.68
2016
 
189,949,747
0.983
193,266,195
248.0
1.35
1.68
2017
 
196,554,981
1.000
196,554,981
252.3
1.70
1.66
2018
 
202,955,725
1.020
198,884,558
255.3
1.19
1.63
2019
 
211,403,177
1.035
204,228,625
262.1
2.69
1.63
2020
 
216,559,580
1.046
206,966,675
265.6
1.34
1.65
2021
 
229,984,582
1.090
210,993,094
270.8
1.95
1.61
2022
 
246,009,141
1.160
211,998,260
272.1
0.48
1.62
Source: Calculations by the Missouri Regional Economic Analysis Project (MO-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PSN
 
   

Interactive TableTip: 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, 1969-2022
 
1969
 
653,665,000
0.189
3,461,658,635
100.0
N
1970
 
693,352,000
0.198
3,507,801,275
101.3
1.33
1971
 
742,094,000
0.206
3,601,523,902
104.0
2.67
1972
 
819,646,000
0.213
3,846,658,532
111.1
6.81
1973
 
918,964,000
0.225
4,092,469,383
118.2
6.39
1974
 
993,909,000
0.248
4,008,829,105
115.8
-2.04
1975
 
1,059,492,000
0.269
3,944,497,394
113.9
-1.60
1976
 
1,173,271,000
0.283
4,141,005,188
119.6
4.98
1977
 
1,303,767,000
0.302
4,320,542,816
124.8
4.34
1978
 
1,476,080,000
0.323
4,573,305,242
132.1
5.85
1979
 
1,648,363,000
0.351
4,690,444,754
135.5
2.56
1980
 
1,784,597,000
0.389
4,584,353,165
132.4
-2.26
1981
 
1,961,173,000
0.424
4,623,772,250
133.6
0.86
1982
 
2,053,729,000
0.448
4,587,185,902
132.5
-0.79
1983
 
2,188,018,000
0.467
4,687,672,466
135.4
2.19
1984
 
2,432,402,000
0.484
5,021,577,654
145.1
7.12
1985
 
2,615,791,000
0.501
5,218,223,348
150.7
3.92
1986
 
2,786,901,000
0.512
5,441,146,840
157.2
4.27
1987
 
2,996,000,000
0.528
5,674,027,499
163.9
4.28
1988
 
3,259,979,000
0.549
5,941,819,010
171.6
4.72
1989
 
3,467,027,000
0.573
6,054,778,994
174.9
1.90
1990
 
3,679,460,000
0.598
6,155,516,520
177.8
1.66
1991
 
3,789,428,000
0.618
6,134,341,309
177.2
-0.34
1992
 
4,059,023,000
0.634
6,400,225,481
184.9
4.33
1993
 
4,237,437,000
0.650
6,519,133,846
188.3
1.86
1994
 
4,456,948,000
0.664
6,716,721,924
194.0
3.03
1995
 
4,674,849,000
0.678
6,899,738,761
199.3
2.72
1996
 
4,956,180,000
0.692
7,161,799,344
206.9
3.80
1997
 
5,288,047,000
0.704
7,510,683,597
217.0
4.87
1998
 
5,707,014,000
0.710
8,041,785,619
232.3
7.07
1999
 
6,098,042,000
0.720
8,469,385,147
244.7
5.32
2000
 
6,598,743,000
0.738
8,938,721,519
258.2
5.54
2001
 
6,865,291,000
0.753
9,117,010,172
263.4
1.99
2002
 
7,001,002,000
0.763
9,176,707,606
265.1
0.65
2003
 
7,243,377,000
0.779
9,299,017,896
268.6
1.33
2004
 
7,674,785,000
0.798
9,614,272,113
277.7
3.39
2005
 
8,039,238,000
0.821
9,788,788,097
282.8
1.82
2006
 
8,519,349,000
0.844
10,089,233,775
291.5
3.07
2007
 
8,866,261,000
0.866
10,237,349,175
295.7
1.47
2008
 
9,014,085,000
0.892
10,108,876,304
292.0
-1.25
2009
 
8,688,913,000
0.889
9,771,497,172
282.3
-3.34
2010
 
9,023,916,000
0.905
9,969,635,637
288.0
2.03
2011
 
9,444,387,000
0.928
10,176,702,513
294.0
2.08
2012
 
9,854,834,000
0.945
10,424,645,101
301.1
2.44
2013
 
10,180,570,000
0.958
10,629,007,841
307.0
1.96
2014
 
10,613,874,000
0.971
10,928,505,678
315.7
2.82
2015
 
11,039,821,000
0.973
11,346,284,134
327.8
3.82
2016
 
11,311,477,000
0.983
11,508,970,941
332.5
1.43
2017
 
11,848,205,000
1.000
11,848,205,000
342.3
2.95
2018
 
12,438,590,000
1.020
12,189,079,542
352.1
2.88
2019
 
12,989,097,000
1.035
12,548,276,062
362.5
2.95
2020
 
13,158,025,000
1.046
12,575,166,053
363.3
0.21
2021
 
14,278,043,000
1.090
13,099,001,844
378.4
4.17
2022
 
15,207,952,000
1.160
13,105,445,395
378.6
0.05
Source: Calculations by the Missouri Regional Economic Analysis Project (MO-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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