Maine vs. United States
Comparative Trends Analysis:
Average Earnings Per Job Growth and Change, 1969-2022
Introduction
Maine vs. United States
Maine:
2022 Avg. Earnings = $61,708
U.S.:
2022 Avg. Earnings = $71,586
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 Maine with comparison to the nation is an important first step in understanding the economic forces at play in Maine.
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 state 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 states 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 states. Major construction projects relating to building dams, nuclear power plants, and private plant construction projects have caused extreme fluctuations in many smaller states. Such changes typify both small and large agriculture-dependent states 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.
Maine Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Maine Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Maine'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 Maine over time.
When measured in current dollars, Maine's average earnings per job increased 879.17%, from $6,302 in 1970 to $61,708 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 66.79%, from $31,884 in 1970 to $53,177 in 2022.
Real Average Earnings Per Job Indices (1969=100): 1969-2022
Real Average Earnings Per Job Indices (1969=100): 1969-2022
Figure 2.
Figure 2 portrays Maine's real average earnings per job growth in a broader context by offering direct comparisons across time with 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.
Maine's overall real average earnings per job growth was 70.75% over 1969-2022 outpaced 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 3.
Figure 3 portrays the trends for average earnings per job relative to the national average by tracing Maine average earnings per job as a percent of the national average over 1969-2022.
In 1969, Maine's average earnings per job amounted to 81.92% of the national average; in 2022, it approximated 86.20%.
Maine Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Maine Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Figure 4.
Figure 4 shows the short-run pattern of Maine'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 illustrated 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, Maine's real average earnings per job grew at an annual rate of 1.04% over 1970-2022. The state posted its highest growth in 2020 (6.78%) and posted its lowest growth in 1975 (-3.36%). In 2022, Maine's real average earnings per job declined by -2.15%
Maine Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2022
Maine Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2022
Figure 5.
Over the past six decades some states have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 5 again traces the annual percent change in Maine'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, 2010s, and 2020-2022.
During the 1970s, Maine's annual real average earnings per job growth rate averaged 0.89%. It averaged 1.16% during the 1980s, 1.02% during the 1990s, 0.92% throughout the 2000s, 0.94% in the 2010s, 1.86% 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 6.
Figure 6 compares the decade average growth rates for Maine noted in the previous graph with the corresponding decade averages for the nation.
Relative to nationwide real average earnings per job growth trends, Maine lagged the nation throughout the 1970s (0.89% vs. 0.89%), recorded above the nation during the 1980s (1.16% vs. 0.71%), fell under the nation over the 1990s (1.02% vs. 1.68%), exceeded the nation during the 2000s (0.92% vs. 0.72%), lagged the nation throughout the 2010s (0.94% vs. 1.01%), and recorded above the nation over 2020-2022 (1.86% vs. -0.24%).
   
 
Real* Average Earnings Per Job Growth:
Average Annual Percent Change
 
 
 
1.04
0.89
1.16
1.02
0.92
0.94
1.86
-2.15
 
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.

   
 
Maine:
Average Earnings Per Job, 1969-2022
 
1969
 
5,881
0.189
31,144
100.0
N
81.92
1970
 
6,302
0.198
31,884
102.4
2.37
82.97
1971
 
6,698
0.206
32,507
104.4
1.95
82.66
1972
 
7,193
0.213
33,759
108.4
3.85
82.77
1973
 
7,787
0.225
34,678
111.3
2.72
83.40
1974
 
8,355
0.248
33,698
108.2
-2.83
84.15
1975
 
8,748
0.269
32,567
104.6
-3.36
81.66
1976
 
9,779
0.283
34,515
110.8
5.98
84.68
1977
 
10,283
0.302
34,078
109.4
-1.27
82.85
1978
 
11,036
0.323
34,194
109.8
0.34
82.01
1979
 
11,908
0.351
33,886
108.8
-0.90
81.74
1980
 
12,884
0.389
33,097
106.3
-2.33
82.29
1981
 
13,964
0.424
32,921
105.7
-0.53
81.82
1982
 
14,727
0.448
32,893
105.6
-0.09
81.86
1983
 
15,585
0.467
33,390
107.2
1.51
82.37
1984
 
16,659
0.484
34,391
110.4
3.00
82.55
1985
 
17,527
0.501
34,964
112.3
1.67
82.95
1986
 
18,353
0.512
35,832
115.1
2.48
83.13
1987
 
19,509
0.528
36,948
118.6
3.12
84.36
1988
 
20,623
0.549
37,588
120.7
1.73
84.49
1989
 
21,746
0.573
37,977
121.9
1.03
85.41
1990
 
22,544
0.598
37,715
121.1
-0.69
84.76
1991
 
23,208
0.618
37,569
120.6
-0.39
84.28
1992
 
24,124
0.634
38,038
122.1
1.25
82.11
1993
 
24,491
0.650
37,678
121.0
-0.95
81.36
1994
 
25,042
0.664
37,739
121.2
0.16
81.02
1995
 
25,614
0.678
37,804
121.4
0.17
81.04
1996
 
26,400
0.692
38,148
122.5
0.91
80.46
1997
 
27,362
0.704
38,862
124.8
1.87
79.96
1998
 
28,677
0.710
40,409
129.7
3.98
79.64
1999
 
30,217
0.720
41,968
134.8
3.86
80.04
2000
 
31,455
0.738
42,609
136.8
1.53
78.83
2001
 
33,158
0.753
44,034
141.4
3.34
79.94
2002
 
34,371
0.763
45,052
144.7
2.31
81.05
2003
 
35,582
0.779
45,680
146.7
1.39
81.51
2004
 
36,831
0.798
46,138
148.1
1.00
81.03
2005
 
37,447
0.821
45,596
146.4
-1.18
80.27
2006
 
38,956
0.844
46,135
148.1
1.18
80.42
2007
 
39,281
0.866
45,355
145.6
-1.69
79.54
2008
 
40,094
0.892
44,963
144.4
-0.86
79.71
2009
 
40,867
0.889
45,958
147.6
2.21
81.67
2010
 
42,678
0.905
47,151
151.4
2.59
81.77
2011
 
42,989
0.928
46,323
148.7
-1.76
80.15
2012
 
43,514
0.945
46,030
147.8
-0.63
79.03
2013
 
43,727
0.958
45,654
146.6
-0.82
78.31
2014
 
44,631
0.971
45,954
147.6
0.66
78.31
2015
 
46,115
0.973
47,395
152.2
3.14
79.50
2016
 
46,783
0.983
47,600
152.8
0.43
80.00
2017
 
48,189
1.000
48,189
154.7
1.24
79.88
2018
 
49,757
1.020
48,759
156.6
1.18
80.12
2019
 
52,183
1.035
50,412
161.9
3.39
81.01
2020
 
56,323
1.046
53,828
172.8
6.78
83.59
2021
 
59,234
1.090
54,343
174.5
0.96
84.11
2022
 
61,708
1.160
53,177
170.7
-2.15
86.20
Source: Calculations by the United States Regional Economic Analysis Project (US-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
April 2024
REAP_PI_SA1400_1400_PN
 
   

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 United States Regional Economic Analysis Project (US-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
April 2024
REAP_PI_SA1400_1400_PN
 
   
Copyright © 2024. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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