Mineral County vs. Nevada
Comparative Trends Analysis:
Average Earnings Per Job Growth and Change, 1969-2022
Introduction
Mineral County vs. Nevada
Mineral County:
2022 Avg. Earnings = $65,820
2022 Percent of State = 103.16%
Nevada:
2022 Avg. Earnings = $63,801
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 Mineral County with comparisons to Nevada and the nation is an important first step in understanding the economic forces at play in Mineral 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.
Mineral County Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Mineral County Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Mineral County'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 Mineral County over time.
When measured in current dollars, Mineral County's average earnings per job increased 700.14%, from $8,226 in 1970 to $65,820 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 36.29%, from $41,617 in 1970 to $56,720 in 2022.
Real Average Earnings Per Job, 1969-2022
Real Average Earnings Per Job, 1969-2022
Figure 2.
Figure 2 tracks Mineral County's and Nevada'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, Mineral County's real average earnings per job rose from $39,607 in 1969 to $56,720 in 2022, for a net gain of $17,113, or 43.21%. In comparison, Nevada's real average earnings per job increased from $42,512 in 1969 to $54,981 in 2022, for a net advance of $12,469, or 29.33%.
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 Mineral County's real average earnings per job growth in a broader context by offering direct comparisons across time with Nevada, 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.
Mineral County's overall real average earnings per job growth was 43.21% over 1969-2022 outpaced Nevada's increase of 29.33%, and fell below 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 depicts the trends for average earnings per job relative to the national average by tracing Mineral County and Nevada average earnings per job as a percent of the national average over 1969-2022.
In 1969, Mineral County's average earnings per job amounted to 104.18% of the national average; in 2022, it approximated 91.94%. Similarly, in 1969, Nevada's average earnings per job totaled 111.82% of the national average; in 2022, it consisted of 89.12%.
Mineral County Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Mineral County Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Mineral County'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, Mineral County's real average earnings per job grew at an annual rate of 0.86% over 1970-2022. The county posted its highest growth in 2010 (15.19%) and posted its lowest growth in 2011 (-16.18%). In 2022, Mineral County's real average earnings per job declined by -4.62%
Mineral County Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2022
Mineral County Real Average Earnings Per Job:
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 illustrates the annual percent change in Mineral 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, 2010s, and 2020-2022.
During the 1970s, Mineral County's annual real average earnings per job growth rate averaged 0.87%. It averaged 0.77% during the 1980s, 1.02% throughout the 1990s, 1.24% throughout the 2000s, 0.81% during the 2010s, -0.43% 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 Mineral County noted in the previous graph with the corresponding decade averages for Nevada and the nation. As the chart reveals, Mineral County's average annual real average earnings per job growth recorded above Nevada's average during the 1970s (0.87% vs. -0.02%), topped Nevada's average throughout the 1980s (0.77% vs. 0.17%), recorded under Nevada's average throughout the 1990s (1.02% vs. 2.25%), outgained Nevada's average during the 2000s (1.24% vs. -0.41%), topped Nevada's average during the 2010s (0.81% vs. 0.65%), and fell below Nevada's average over the 3 year period of the current decade, 2020-2022 (-0.43% vs. 0.26%).
Finally, relative to nationwide real average earnings per job growth trends, Mineral County trailed the nation during the 1970s (0.87% vs. 0.89%), outperformed the nation throughout the 1980s (0.77% vs. 0.71%), lagged the nation over the 1990s (1.02% vs. 1.68%), recorded above the nation throughout the 2000s (1.24% vs. 0.72%), fell below the nation throughout the 2010s (0.81% vs. 1.01%), and lagged the nation over 2020-2022 (-0.43% vs. -0.24%).
   
 
Real* Average Earnings Per Job Growth:
Average Annual Percent Change
 
 
 
0.86
0.87
0.77
1.02
1.24
0.81
-0.43
-4.62
 
0.51
-0.02
0.17
2.25
-0.41
0.65
0.26
-3.19
 
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.

   
 
Mineral County:
Average Earnings Per Job, 1969-2022
 
1969
 
7,479
0.189
39,607
100.0
N
93.17
104.18
1970
 
8,226
0.198
41,617
105.1
5.08
97.16
108.29
1971
 
9,546
0.206
46,328
117.0
11.32
106.23
117.80
1972
 
10,286
0.213
48,271
121.9
4.19
107.61
118.35
1973
 
10,545
0.225
46,963
118.6
-2.71
104.59
112.95
1974
 
10,897
0.248
43,952
111.0
-6.41
103.64
109.76
1975
 
11,582
0.269
43,122
108.9
-1.89
102.79
108.12
1976
 
12,253
0.283
43,247
109.2
0.29
101.48
106.10
1977
 
12,709
0.302
42,117
106.3
-2.61
98.79
102.40
1978
 
13,830
0.323
42,850
108.2
1.74
99.37
102.77
1979
 
15,013
0.351
42,721
107.9
-0.30
100.92
103.06
1980
 
15,661
0.389
40,231
101.6
-5.83
96.46
100.03
1981
 
15,854
0.424
37,378
94.4
-7.09
89.53
92.89
1982
 
16,443
0.448
36,726
92.7
-1.74
88.77
91.40
1983
 
17,660
0.467
37,835
95.5
3.02
90.92
93.34
1984
 
19,023
0.484
39,271
99.2
3.80
94.37
94.26
1985
 
19,190
0.501
38,282
96.7
-2.52
91.96
90.82
1986
 
20,194
0.512
39,427
99.5
2.99
93.58
91.47
1987
 
22,430
0.528
42,479
107.3
7.74
101.20
96.99
1988
 
24,291
0.549
44,275
111.8
4.23
102.37
99.52
1989
 
26,149
0.573
45,666
115.3
3.14
106.17
102.71
1990
 
25,811
0.598
43,180
109.0
-5.44
99.12
97.04
1991
 
25,129
0.618
40,678
102.7
-5.79
91.20
91.25
1992
 
26,334
0.634
41,523
104.8
2.08
87.54
89.64
1993
 
25,936
0.650
39,902
100.7
-3.90
83.66
86.16
1994
 
27,111
0.664
40,857
103.2
2.39
86.76
87.71
1995
 
29,001
0.678
42,804
108.1
4.76
89.88
91.76
1996
 
29,385
0.692
42,463
107.2
-0.80
88.42
89.56
1997
 
31,754
0.704
45,101
113.9
6.21
92.87
92.80
1998
 
33,912
0.710
47,786
120.6
5.95
91.76
94.17
1999
 
36,026
0.720
50,036
126.3
4.71
93.41
95.43
2000
 
36,707
0.738
49,724
125.5
-0.62
92.69
91.99
2001
 
34,079
0.753
45,256
114.3
-8.99
83.36
82.16
2002
 
34,916
0.763
45,767
115.6
1.13
84.31
82.34
2003
 
36,923
0.779
47,401
119.7
3.57
88.22
84.58
2004
 
36,735
0.798
46,019
116.2
-2.92
84.23
80.82
2005
 
37,099
0.821
45,173
114.1
-1.84
81.56
79.53
2006
 
38,210
0.844
45,251
114.2
0.17
81.13
78.88
2007
 
39,375
0.866
45,464
114.8
0.47
83.42
79.74
2008
 
46,186
0.892
51,796
130.8
13.93
101.35
91.83
2009
 
49,488
0.889
55,654
140.5
7.45
108.53
98.90
2010
 
58,026
0.905
64,107
161.9
15.19
120.24
111.18
2011
 
49,866
0.928
53,732
135.7
-16.18
102.91
92.98
2012
 
44,830
0.945
47,422
119.7
-11.74
92.18
81.42
2013
 
45,176
0.958
47,166
119.1
-0.54
93.04
80.91
2014
 
48,485
0.971
49,922
126.0
5.84
98.76
85.08
2015
 
49,358
0.973
50,728
128.1
1.61
97.68
85.09
2016
 
51,308
0.983
52,203
131.8
2.91
101.90
87.74
2017
 
51,668
1.000
51,668
130.5
-1.03
99.20
85.64
2018
 
54,803
1.020
53,704
135.6
3.94
102.21
88.25
2019
 
60,071
1.035
58,032
146.5
8.06
106.28
93.25
2020
 
67,435
1.046
64,448
162.7
11.06
114.97
100.09
2021
 
64,818
1.090
59,465
150.1
-7.73
104.71
92.04
2022
 
65,820
1.160
56,720
143.2
-4.62
103.16
91.94
Source: Calculations by the Nevada Regional Economic Analysis Project (NV-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.

   
 
Nevada:
Average Earnings Per Job, 1969-2022
 
1969
 
8,027
0.189
42,512
100.0
N
111.82
1970
 
8,467
0.198
42,836
100.8
0.76
111.46
1971
 
8,986
0.206
43,611
102.6
1.81
110.90
1972
 
9,558
0.213
44,857
105.5
2.86
109.98
1973
 
10,083
0.225
44,903
105.6
0.10
108.00
1974
 
10,514
0.248
42,408
99.8
-5.56
105.91
1975
 
11,268
0.269
41,952
98.7
-1.08
105.19
1976
 
12,075
0.283
42,618
100.2
1.59
104.55
1977
 
12,864
0.302
42,631
100.3
0.03
103.65
1978
 
13,918
0.323
43,123
101.4
1.15
103.43
1979
 
14,877
0.351
42,334
99.6
-1.83
102.12
1980
 
16,236
0.389
41,709
98.1
-1.48
103.70
1981
 
17,707
0.424
41,747
98.2
0.09
103.75
1982
 
18,523
0.448
41,373
97.3
-0.89
102.97
1983
 
19,422
0.467
41,611
97.9
0.57
102.65
1984
 
20,158
0.484
41,615
97.9
0.01
99.88
1985
 
20,867
0.501
41,628
97.9
0.03
98.76
1986
 
21,581
0.512
42,134
99.1
1.21
97.75
1987
 
22,164
0.528
41,975
98.7
-0.38
95.84
1988
 
23,729
0.549
43,250
101.7
3.04
97.22
1989
 
24,629
0.573
43,013
101.2
-0.55
96.74
1990
 
26,039
0.598
43,563
102.5
1.28
97.90
1991
 
27,553
0.618
44,602
104.9
2.39
100.06
1992
 
30,083
0.634
47,434
111.6
6.35
102.40
1993
 
31,002
0.650
47,696
112.2
0.55
102.99
1994
 
31,250
0.664
47,094
110.8
-1.26
101.10
1995
 
32,267
0.678
47,624
112.0
1.13
102.10
1996
 
33,235
0.692
48,026
113.0
0.84
101.30
1997
 
34,192
0.704
48,563
114.2
1.12
99.92
1998
 
36,956
0.710
52,075
122.5
7.23
102.62
1999
 
38,570
0.720
53,569
126.0
2.87
102.17
2000
 
39,600
0.738
53,643
126.2
0.14
99.24
2001
 
40,879
0.753
54,286
127.7
1.20
98.56
2002
 
41,416
0.763
54,286
127.7
0.00
97.66
2003
 
41,851
0.779
53,729
126.4
-1.03
95.87
2004
 
43,614
0.798
54,636
128.5
1.69
95.95
2005
 
45,489
0.821
55,388
130.3
1.38
97.51
2006
 
47,095
0.844
55,773
131.2
0.69
97.22
2007
 
47,199
0.866
54,497
128.2
-2.29
95.58
2008
 
45,571
0.892
51,105
120.2
-6.22
90.60
2009
 
45,597
0.889
51,278
120.6
0.34
91.12
2010
 
48,258
0.905
53,315
125.4
3.97
92.46
2011
 
48,455
0.928
52,212
122.8
-2.07
90.35
2012
 
48,635
0.945
51,447
121.0
-1.47
88.33
2013
 
48,553
0.958
50,692
119.2
-1.47
86.96
2014
 
49,093
0.971
50,548
118.9
-0.28
86.14
2015
 
50,530
0.973
51,932
122.2
2.74
87.11
2016
 
50,349
0.983
51,228
120.5
-1.36
86.10
2017
 
52,084
1.000
52,084
122.5
1.67
86.33
2018
 
53,619
1.020
52,543
123.6
0.88
86.34
2019
 
56,523
1.035
54,604
128.4
3.92
87.74
2020
 
58,655
1.046
56,057
131.9
2.66
87.05
2021
 
61,904
1.090
56,793
133.6
1.31
87.91
2022
 
63,801
1.160
54,981
129.3
-3.19
89.12
Source: Calculations by the Nevada Regional Economic Analysis Project (NV-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 Nevada Regional Economic Analysis Project (NV-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1400_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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