Jacksonville MSA vs. North Carolina
Comparative Trends Analysis:
Average Earnings Per Job Growth and Change, 1969-2022
Introduction
Jacksonville MSA vs. North Carolina
Jacksonville MSA:
2022 Avg. Earnings = $65,749
2022 Percent of State = 89.02%
North Carolina:
2022 Avg. Earnings = $65,838
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 the Jacksonville MSA with comparisons to North Carolina and the nation is an important first step in understanding the economic forces at play in the Jacksonville MSA.
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.
Jacksonville MSA Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Jacksonville MSA Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts the Jacksonville MSA's annual average earnings per job 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 the Jacksonville MSA over time.
When measured in current dollars, the Jacksonville MSA's average earnings per job increased 962.46%, from $6,188 in 1970 to $65,749 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 80.97%, from $31,308 in 1970 to $56,660 in 2022.
Real Average Earnings Per Job, 1969-2022
Real Average Earnings Per Job, 1969-2022
Figure 2.
Figure 2 traces the Jacksonville MSA's and North Carolina's annual real average earnings per job for the period 1969-2022 to illustrate real average earnings per job patterns over time. During this 54-year period, the Jacksonville MSA's real average earnings per job rose from $28,048 in 1969 to $56,660 in 2022, for a net gain of $28,612, or 102.01%. In comparison, North Carolina's real average earnings per job advanced from $29,507 in 1969 to $56,736 in 2022, for a net advance of $27,229, or 92.28%.
Real Average Earnings Per Job Indices (1969=100): 1969-2022
Real Average Earnings Per Job Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays the Jacksonville MSA's real average earnings per job growth in a broader context by offering direct comparisons across time with North Carolina, 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.
The Jacksonville MSA's overall real average earnings per job growth was 102.01% over 1969-2022 outpaced North Carolina's increase of 92.28%, and topped the United States' increase of 62.26%.
Average Earnings Per Job as a Percent of the U.S. Average: 1969-2022
Average Earnings Per Job as a Percent of the U.S. Average: 1969-2022
Figure 4.
Figure 4 displays the trends for average earnings per job relative to the national average by tracing the Jacksonville MSA and North Carolina average earnings per job as a percent of the national average over 1969-2022.
In 1969, the Jacksonville MSA's average earnings per job amounted to 73.77% of the national average; in 2022, it approximated 91.85%. Similarly, in 1969, North Carolina's average earnings per job totaled 77.61% of the national average; in 2022, it consisted of 91.97%.
Jacksonville MSA Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Jacksonville MSA Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of the Jacksonville MSA's real average earnings per job 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, the Jacksonville MSA's real average earnings per job grew at an annual rate of 1.41% over 1970-2022. The Jacksonville MSA posted its highest growth in 1981 (14.54%) and posted its lowest growth in 2017 (-6.00%). In 2022, the Jacksonville MSA's real average earnings per job declined by -3.37%
Jacksonville MSA Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2022
Jacksonville MSA Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2022
Figure 6.
Over the past five decades some msas 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 the Jacksonville MSA'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, 2010s, and 2020-2022.
During the 1970s, the Jacksonville MSA's annual real average earnings per job growth rate averaged 1.95%. It averaged 1.38% during the 1980s, 0.58% in the 1990s, 3.72% during the 2000s, -0.15% throughout the 2010s, 0.09% thus far this decade (2020-2022).
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 the Jacksonville MSA noted in the previous graph with the corresponding decade averages for North Carolina and the nation. As the chart reveals, the Jacksonville MSA's average annual real average earnings per job growth outgained North Carolina's average throughout the 1970s (1.95% vs. 1.34%), amounted to less than North Carolina's average throughout the 1980s (1.38% vs. 1.48%), trailed North Carolina's average in the 1990s (0.58% vs. 1.76%), outpaced North Carolina's average during the 2000s (3.72% vs. 1.28%), fell below North Carolina's average in the 2010s (-0.15% vs. 0.58%), and amounted to less than North Carolina's average over the 3 year period of the current decade, 2020-2022 (0.09% vs. 0.79%).
Finally, relative to nationwide real average earnings per job growth trends, the Jacksonville MSA led the nation during the 1970s (1.95% vs. 0.89%), surpassed the nation over the 1980s (1.38% vs. 0.71%), recorded underneath the nation over the 1990s (0.58% vs. 1.68%), recorded above the nation throughout the 2000s (3.72% vs. 0.72%), fell under the nation throughout the 2010s (-0.15% vs. 1.01%), and outgained the nation over 2020-2022 (0.09% vs. -0.24%).
   
 
Real* Average Earnings Per Job Growth:
Average Annual Percent Change
 
 
 
1.41
1.95
1.38
0.58
3.72
-0.15
0.09
-3.37
 
1.26
1.34
1.48
1.76
1.28
0.58
0.79
-2.13
 
0.93
0.89
0.71
1.68
0.72
1.01
-0.24
-4.51
 
   

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

   
 
Jacksonville MSA:
Average Earnings Per Job, 1969-2022
 
1969
 
5,296
0.189
28,048
100.0
N
70.76
73.77
1970
 
6,188
0.198
31,308
111.6
11.63
78.14
81.47
1971
 
6,827
0.206
33,133
118.1
5.83
80.79
84.25
1972
 
7,692
0.213
36,101
128.7
8.96
85.08
88.51
1973
 
8,299
0.225
36,957
131.8
2.37
86.22
88.88
1974
 
9,066
0.248
36,568
130.4
-1.05
88.21
91.32
1975
 
9,670
0.269
36,003
128.4
-1.55
87.18
90.27
1976
 
10,176
0.283
35,916
128.1
-0.24
84.89
88.11
1977
 
10,476
0.302
34,717
123.8
-3.34
81.27
84.41
1978
 
11,135
0.323
34,499
123.0
-0.63
79.91
82.74
1979
 
11,823
0.351
33,642
119.9
-2.49
78.43
81.15
1980
 
12,696
0.389
32,613
116.3
-3.06
77.96
81.09
1981
 
15,844
0.424
37,354
133.2
14.54
89.43
92.84
1982
 
17,028
0.448
38,034
135.6
1.82
90.96
94.66
1983
 
17,179
0.467
36,804
131.2
-3.23
86.94
90.80
1984
 
18,475
0.484
38,141
136.0
3.63
88.06
91.55
1985
 
19,456
0.501
38,812
138.4
1.76
88.54
92.08
1986
 
20,143
0.512
39,328
140.2
1.33
87.72
91.24
1987
 
20,449
0.528
38,727
138.1
-1.53
84.96
88.42
1988
 
21,278
0.549
38,783
138.3
0.14
83.73
87.18
1989
 
21,845
0.573
38,151
136.0
-1.63
82.52
85.80
1990
 
22,286
0.598
37,283
132.9
-2.27
80.52
83.78
1991
 
23,506
0.618
38,051
135.7
2.06
81.92
85.36
1992
 
25,184
0.634
39,711
141.6
4.36
82.23
85.73
1993
 
24,585
0.650
37,823
134.9
-4.75
78.29
81.68
1994
 
25,701
0.664
38,732
138.1
2.40
79.76
83.15
1995
 
25,689
0.678
37,915
135.2
-2.11
77.75
81.28
1996
 
26,083
0.692
37,691
134.4
-0.59
76.15
79.50
1997
 
27,102
0.704
38,494
137.2
2.13
75.78
79.21
1998
 
28,169
0.710
39,693
141.5
3.11
74.78
78.22
1999
 
28,982
0.720
40,252
143.5
1.41
73.33
76.77
2000
 
29,878
0.738
40,473
144.3
0.55
71.38
74.88
2001
 
31,288
0.753
41,550
148.1
2.66
72.11
75.43
2002
 
30,793
0.763
40,363
143.9
-2.86
69.47
72.62
2003
 
33,809
0.779
43,404
154.8
7.53
74.27
77.45
2004
 
37,327
0.798
46,760
166.7
7.73
78.83
82.12
2005
 
39,696
0.821
48,335
172.3
3.37
81.70
85.10
2006
 
40,979
0.844
48,531
173.0
0.40
81.14
84.60
2007
 
44,846
0.866
51,781
184.6
6.70
87.14
90.81
2008
 
48,244
0.892
54,104
192.9
4.49
92.21
95.92
2009
 
51,295
0.889
57,687
205.7
6.62
98.55
102.51
2010
 
54,870
0.905
60,620
216.1
5.09
101.25
105.13
2011
 
55,560
0.928
59,868
213.5
-1.24
99.95
103.59
2012
 
56,044
0.945
59,284
211.4
-0.97
98.19
101.78
2013
 
54,858
0.958
57,274
204.2
-3.39
95.00
98.25
2014
 
55,034
0.971
56,666
202.0
-1.06
93.30
96.57
2015
 
55,719
0.973
57,266
204.2
1.06
92.75
96.06
2016
 
56,656
0.983
57,646
205.5
0.66
93.42
96.88
2017
 
54,188
1.000
54,188
193.2
-6.00
86.66
89.82
2018
 
56,940
1.020
55,797
198.9
2.97
88.51
91.69
2019
 
58,562
1.035
56,574
201.7
1.39
87.78
90.91
2020
 
61,364
1.046
58,646
209.1
3.66
87.93
91.07
2021
 
63,911
1.090
58,633
209.0
-0.02
87.77
90.75
2022
 
65,749
1.160
56,660
202.0
-3.37
89.02
91.85
Source: Calculations by the North Carolina Regional Economic Analysis Project (NC-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1400_PSN
 
   

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

   
 
North Carolina:
Average Earnings Per Job, 1969-2022
 
1969
 
5,572
0.189
29,507
100.0
N
77.61
1970
 
5,941
0.198
30,055
101.9
1.86
78.21
1971
 
6,387
0.206
30,998
105.1
3.14
78.82
1972
 
6,962
0.213
32,675
110.7
5.41
80.11
1973
 
7,596
0.225
33,829
114.6
3.53
81.36
1974
 
8,148
0.248
32,864
111.4
-2.85
82.07
1975
 
8,821
0.269
32,840
111.3
-0.07
82.34
1976
 
9,510
0.283
33,565
113.8
2.21
82.35
1977
 
10,080
0.302
33,404
113.2
-0.48
81.21
1978
 
11,088
0.323
34,355
116.4
2.84
82.40
1979
 
11,814
0.351
33,617
113.9
-2.15
81.09
1980
 
12,853
0.389
33,017
111.9
-1.78
82.09
1981
 
14,150
0.424
33,360
113.1
1.04
82.91
1982
 
14,990
0.448
33,481
113.5
0.36
83.32
1983
 
15,933
0.467
34,135
115.7
1.96
84.21
1984
 
17,242
0.484
35,596
120.6
4.28
85.44
1985
 
18,144
0.501
36,196
122.7
1.69
85.87
1986
 
19,082
0.512
37,255
126.3
2.93
86.43
1987
 
20,149
0.528
38,159
129.3
2.43
87.12
1988
 
21,226
0.549
38,687
131.1
1.38
86.96
1989
 
22,279
0.573
38,908
131.9
0.57
87.51
1990
 
23,179
0.598
38,777
131.4
-0.34
87.14
1991
 
24,244
0.618
39,246
133.0
1.21
88.04
1992
 
25,882
0.634
40,811
138.3
3.99
88.10
1993
 
26,656
0.650
41,009
139.0
0.49
88.56
1994
 
27,681
0.664
41,715
141.4
1.72
89.56
1995
 
28,290
0.678
41,753
141.5
0.09
89.51
1996
 
29,278
0.692
42,307
143.4
1.33
89.23
1997
 
30,523
0.704
43,352
146.9
2.47
89.20
1998
 
31,992
0.710
45,080
152.8
3.99
88.84
1999
 
33,306
0.720
46,258
156.8
2.61
88.22
2000
 
34,845
0.738
47,202
160.0
2.04
87.33
2001
 
35,859
0.753
47,620
161.4
0.89
86.46
2002
 
36,398
0.763
47,710
161.7
0.19
85.83
2003
 
37,801
0.779
48,528
164.5
1.72
86.59
2004
 
39,909
0.798
49,995
169.4
3.02
87.80
2005
 
41,538
0.821
50,578
171.4
1.17
89.05
2006
 
43,713
0.844
51,768
175.4
2.35
90.24
2007
 
45,096
0.866
52,070
176.5
0.58
91.32
2008
 
47,688
0.892
53,479
181.2
2.71
94.81
2009
 
46,658
0.889
52,472
177.8
-1.88
93.24
2010
 
47,221
0.905
52,169
176.8
-0.58
90.48
2011
 
46,760
0.928
50,386
170.8
-3.42
87.18
2012
 
49,669
0.945
52,541
178.1
4.28
90.21
2013
 
48,819
0.958
50,969
172.7
-2.99
87.43
2014
 
50,130
0.971
51,616
174.9
1.27
87.96
2015
 
51,332
0.973
52,757
178.8
2.21
88.50
2016
 
52,012
0.983
52,920
179.3
0.31
88.94
2017
 
53,621
1.000
53,621
181.7
1.33
88.88
2018
 
54,991
1.020
53,888
182.6
0.50
88.55
2019
 
57,411
1.035
55,462
188.0
2.92
89.12
2020
 
60,397
1.046
57,722
195.6
4.07
89.64
2021
 
63,191
1.090
57,973
196.5
0.44
89.73
2022
 
65,838
1.160
56,736
192.3
-2.13
91.97
Source: Calculations by the North Carolina Regional Economic Analysis Project (NC-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1400_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:
Average Earnings Per Job, 1969-2022
 
1969
 
7,179
0.189
38,018
100.0
N
1970
 
7,596
0.198
38,430
101.1
1.08
1971
 
8,103
0.206
39,326
103.4
2.33
1972
 
8,691
0.213
40,786
107.3
3.71
1973
 
9,336
0.225
41,579
109.4
1.94
1974
 
9,928
0.248
40,044
105.3
-3.69
1975
 
10,713
0.269
39,883
104.9
-0.40
1976
 
11,549
0.283
40,761
107.2
2.20
1977
 
12,412
0.302
41,131
108.2
0.91
1978
 
13,457
0.323
41,694
109.7
1.37
1979
 
14,568
0.351
41,454
109.0
-0.58
1980
 
15,657
0.389
40,220
105.8
-2.98
1981
 
17,066
0.424
40,237
105.8
0.04
1982
 
17,989
0.448
40,181
105.7
-0.14
1983
 
18,920
0.467
40,535
106.6
0.88
1984
 
20,181
0.484
41,663
109.6
2.78
1985
 
21,130
0.501
42,152
110.9
1.17
1986
 
22,078
0.512
43,104
113.4
2.26
1987
 
23,126
0.528
43,799
115.2
1.61
1988
 
24,408
0.549
44,487
117.0
1.57
1989
 
25,460
0.573
44,462
117.0
-0.05
1990
 
26,599
0.598
44,498
117.0
0.08
1991
 
27,537
0.618
44,577
117.3
0.18
1992
 
29,378
0.634
46,323
121.8
3.92
1993
 
30,101
0.650
46,309
121.8
-0.03
1994
 
30,909
0.664
46,580
122.5
0.59
1995
 
31,605
0.678
46,646
122.7
0.14
1996
 
32,810
0.692
47,411
124.7
1.64
1997
 
34,218
0.704
48,600
127.8
2.51
1998
 
36,011
0.710
50,743
133.5
4.41
1999
 
37,751
0.720
52,432
137.9
3.33
2000
 
39,903
0.738
54,053
142.2
3.09
2001
 
41,477
0.753
55,080
144.9
1.90
2002
 
42,406
0.763
55,584
146.2
0.92
2003
 
43,655
0.779
56,045
147.4
0.83
2004
 
45,456
0.798
56,943
149.8
1.60
2005
 
46,648
0.821
56,800
149.4
-0.25
2006
 
48,442
0.844
57,368
150.9
1.00
2007
 
49,382
0.866
57,019
150.0
-0.61
2008
 
50,298
0.892
56,407
148.4
-1.07
2009
 
50,041
0.889
56,276
148.0
-0.23
2010
 
52,191
0.905
57,661
151.7
2.46
2011
 
53,633
0.928
57,792
152.0
0.23
2012
 
55,061
0.945
58,245
153.2
0.78
2013
 
55,837
0.958
58,296
153.3
0.09
2014
 
56,990
0.971
58,680
154.3
0.66
2015
 
58,005
0.973
59,615
156.8
1.59
2016
 
58,480
0.983
59,501
156.5
-0.19
2017
 
60,329
1.000
60,329
158.7
1.39
2018
 
62,102
1.020
60,856
160.1
0.87
2019
 
64,419
1.035
62,233
163.7
2.26
2020
 
67,378
1.046
64,393
169.4
3.47
2021
 
70,421
1.090
64,606
169.9
0.33
2022
 
71,586
1.160
61,690
162.3
-4.51
Source: Calculations by the North Carolina Regional Economic Analysis Project (NC-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1400_PN
 
   
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