Colorado vs. Oregon
Comparative Trends Analysis:
Average Earnings Per Job Growth and Change, 1969-2017
Introduction
Colorado:
2017 Avg. Earnings = $59,087
2017 Rank = #16
Oregon:
2017 Avg. Earnings = $57,502
2017 Rank = #20
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 Colorado with comparisons to Oregon and the nation is an important first step in understanding the economic forces at play in Colorado.
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.
Colorado Average Earnings Per Job, 1969-2017
Current vs. Constant Dollars
Colorado Average Earnings Per Job, 1969-2017
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Colorado'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 Colorado over time.
When measured in current dollars, Colorado's average earnings per job increased 782.4%, from $6,696 in 1969 to $59,087 in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 66.5%, from $33,457 in 1969 to $55,704 in 2017.
Real Average Earnings Per Job, 1969-2017
Real Average Earnings Per Job, 1969-2017
Figure 2.
Figure 2 traces Colorado's and Oregon'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, Colorado's real average earnings per job rose from $33,457 in 1969 to $55,704 in 2017, for a net gain of $22,247, or 66.5%. In comparison, Oregon's real average earnings per job increased from $35,027 in 1969 to $54,210 in 2017, for a net gain of $19,183, or 54.8%. Colorado's real average earnings per job ranked 16th among the 51 states in 2017, Oregon's ranked 20th.
In addition, the United States' real average earnings per job increased from $35,868 in 1969 to $57,187 in 2017, for a net gain of $21,319, or 59.4%.
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 Colorado's real average earnings per job growth in a broader context by offering direct comparisons across time with Oregon, 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.
Colorado's overall real average earnings per job growth was 66.5% over 1969-2017 outpaced Oregon's increase of 54.8%, and topped the United States' increase of 59.4%.
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 depicts the trends for average earnings per job relative to the national average by tracing Colorado and Oregon average earnings per job as a percent of the national average over 1969-2017.
In 1969, Colorado's average earnings per job amounted to 93.3% of the national average; in 2017, it approximated 97.4%. Similarly, in 1969, Oregon's average earnings per job totaled 97.7% of the national average; in 2017, it consisted of 94.8%.
Colorado Real Average Earnings Per Job:
Annual Percent Change, 1970-2017
Colorado Real Average Earnings Per Job:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 highlights the short-run pattern of Colorado'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 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, Colorado's real average earnings per job grew at an annual rate of 1.09% over 1970-2017. The state recorded its highest growth in 1998 (6.68%) and posted its lowest growth in 2009 (-2.86%). In 2017, Colorado's real average earnings per job grew by 2.69%
Colorado Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2017
Colorado Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2017
Figure 6.
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 6 again illustrates the annual percent change in Colorado'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, and 2010-2017.
During the 1970s, Colorado's annual real average earnings per job growth rate averaged 1.21%. It averaged 0.18% during the 1980s, 2.48% throughout the 1990s, 0.16% throughout the 2000s, and 1.50% 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 Colorado noted in the previous graph with the corresponding decade averages for Oregon and the nation. As the chart reveals, Colorado's average annual real average earnings per job growth outpaced Oregon's average during the 1970s (1.21% vs. 0.98%), outperformed Oregon's average in the 1980s (0.18% vs. -0.33%), exceeded Oregon's average throughout the 1990s (2.48% vs. 1.93%), lagged Oregon's average in the 2000s (0.16% vs. 0.52%), and amounted to less than Oregon's average over the 8 year period of the last decade, 2010-2017 (1.50% vs. 1.70%).
Finally, relative to nationwide real average earnings per job growth trends, Colorado outgained the nation in the 1970s (1.21% vs. 0.89%), trailed the nation during the 1980s (0.18% vs. 0.72%), registered above the nation throughout the 1990s (2.48% vs. 1.67%), recorded underneath the nation during the 2000s (0.16% vs. 0.74%), and outgained the nation over 2010-2017 (1.50% vs. 0.92%).
   
 
Real* Average Earnings Per Job Growth:
Average Annual Percent Change
 
 
 
1.09
1.21
0.18
2.48
0.16
1.50
2.69
 
0.93
0.98
-0.33
1.93
0.52
1.70
2.16
 
0.99
0.89
0.72
1.67
0.74
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.

   
 
Colorado:
Average Earnings Per Job, 1969-2017
 
1969
 
6,696
0.200
33,457
100.0
N
93.28
23
1970
 
7,243
0.210
34,571
103.3
3.33
95.35
21
1971
 
7,884
0.218
36,096
107.9
4.41
97.29
20
1972
 
8,418
0.226
37,271
111.4
3.25
96.86
18
1973
 
8,943
0.238
37,574
112.3
0.81
95.79
25
1974
 
9,680
0.263
36,833
110.1
-1.97
97.50
21
1975
 
10,400
0.285
36,530
109.2
-0.82
97.08
20
1976
 
11,063
0.300
36,839
110.1
0.84
95.80
22
1977
 
11,800
0.320
36,890
110.3
0.14
95.07
24
1978
 
12,840
0.342
37,533
112.2
1.74
95.42
23
1979
 
14,029
0.373
37,660
112.6
0.34
96.30
24
1980
 
15,285
0.413
37,044
110.7
-1.64
97.63
21
1981
 
16,739
0.450
37,233
111.3
0.51
98.08
20
1982
 
17,756
0.475
37,416
111.8
0.49
98.70
20
1983
 
18,646
0.495
37,688
112.6
0.73
98.55
18
1984
 
19,380
0.513
37,747
112.8
0.16
96.03
19
1985
 
20,132
0.531
37,888
113.2
0.37
95.28
19
1986
 
20,892
0.543
38,483
115.0
1.57
94.63
20
1987
 
21,764
0.560
38,890
116.2
1.06
94.11
19
1988
 
22,365
0.582
38,460
115.0
-1.11
91.63
23
1989
 
23,261
0.607
38,327
114.6
-0.35
91.36
24
1990
 
24,377
0.634
38,476
115.0
0.39
91.65
22
1991
 
25,447
0.655
38,867
116.2
1.02
92.41
22
1992
 
27,283
0.672
40,588
121.3
4.43
92.87
22
1993
 
28,344
0.689
41,143
123.0
1.37
94.16
21
1994
 
28,870
0.703
41,049
122.7
-0.23
93.40
22
1995
 
29,949
0.718
41,706
124.7
1.60
94.76
21
1996
 
31,170
0.733
42,498
127.0
1.90
95.00
21
1997
 
32,407
0.746
43,428
129.8
2.19
94.71
20
1998
 
34,848
0.752
46,331
138.5
6.68
96.77
19
1999
 
37,298
0.763
48,860
146.0
5.46
98.80
17
2000
 
40,182
0.782
51,360
153.5
5.12
100.70
13
2001
 
41,785
0.797
52,403
156.6
2.03
100.74
15
2002
 
42,223
0.808
52,263
156.2
-0.27
99.57
16
2003
 
42,888
0.824
52,075
155.6
-0.36
98.24
18
2004
 
43,861
0.844
51,961
155.3
-0.22
96.49
20
2005
 
45,263
0.868
52,140
155.8
0.34
97.03
19
2006
 
47,093
0.892
52,810
157.8
1.29
97.21
18
2007
 
47,723
0.914
52,192
156.0
-1.17
96.64
17
2008
 
48,028
0.942
50,996
152.4
-2.29
95.49
18
2009
 
46,611
0.941
49,537
148.1
-2.86
93.15
20
2010
 
48,114
0.957
50,274
150.3
1.49
92.20
20
2011
 
50,073
0.981
51,026
152.5
1.50
93.37
20
2012
 
52,025
1.000
52,025
155.5
1.96
94.04
20
2013
 
54,730
1.013
54,003
161.4
3.80
97.53
18
2014
 
57,364
1.029
55,764
166.7
3.26
99.97
15
2015
 
57,426
1.031
55,688
166.4
-0.14
98.37
16
2016
 
56,542
1.042
54,245
162.1
-2.59
96.20
18
2017
 
59,087
1.061
55,704
166.5
2.69
97.41
16
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
May 2019
REAP_PI_SA1400_1400_PSN
 
   

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

   
 
Oregon:
Average Earnings Per Job, 1969-2017
 
1969
 
7,011
0.200
35,027
100.0
N
97.66
19
1970
 
7,367
0.210
35,161
100.4
0.38
96.98
19
1971
 
7,824
0.218
35,821
102.3
1.88
96.55
21
1972
 
8,415
0.226
37,258
106.4
4.01
96.83
19
1973
 
9,022
0.238
37,904
108.2
1.73
96.63
23
1974
 
9,779
0.263
37,209
106.2
-1.83
98.50
19
1975
 
10,356
0.285
36,375
103.8
-2.24
96.67
21
1976
 
11,331
0.300
37,731
107.7
3.73
98.12
18
1977
 
12,087
0.320
37,788
107.9
0.15
97.38
20
1978
 
13,198
0.342
38,578
110.1
2.09
98.07
18
1979
 
14,362
0.373
38,556
110.1
-0.06
98.59
18
1980
 
15,408
0.413
37,341
106.6
-3.15
98.41
20
1981
 
16,357
0.450
36,382
103.9
-2.57
95.84
23
1982
 
16,832
0.475
35,468
101.3
-2.51
93.57
27
1983
 
17,405
0.495
35,179
100.4
-0.81
91.99
27
1984
 
18,412
0.513
35,861
102.4
1.94
91.23
27
1985
 
18,999
0.531
35,757
102.1
-0.29
89.92
29
1986
 
19,735
0.543
36,351
103.8
1.66
89.39
31
1987
 
20,382
0.560
36,419
104.0
0.19
88.13
31
1988
 
21,569
0.582
37,091
105.9
1.84
88.37
30
1989
 
22,593
0.607
37,227
106.3
0.37
88.74
29
1990
 
23,916
0.634
37,749
107.8
1.40
89.91
25
1991
 
25,059
0.655
38,274
109.3
1.39
91.00
24
1992
 
26,661
0.672
39,664
113.2
3.63
90.75
23
1993
 
27,807
0.689
40,364
115.2
1.76
92.38
22
1994
 
28,491
0.703
40,510
115.7
0.36
92.18
23
1995
 
29,241
0.718
40,720
116.3
0.52
92.52
23
1996
 
30,561
0.733
41,667
119.0
2.32
93.14
23
1997
 
31,738
0.746
42,531
121.4
2.08
92.75
24
1998
 
33,140
0.752
44,059
125.8
3.59
92.03
23
1999
 
34,379
0.763
45,035
128.6
2.21
91.07
23
2000
 
36,554
0.782
46,723
133.4
3.75
91.61
23
2001
 
37,470
0.797
46,991
134.2
0.57
90.34
23
2002
 
38,260
0.808
47,357
135.2
0.78
90.22
24
2003
 
39,372
0.824
47,806
136.5
0.95
90.18
24
2004
 
40,708
0.844
48,226
137.7
0.88
89.55
25
2005
 
41,659
0.868
47,987
137.0
-0.49
89.30
26
2006
 
43,762
0.892
49,074
140.1
2.27
90.33
25
2007
 
44,328
0.914
48,479
138.4
-1.21
89.76
26
2008
 
45,103
0.942
47,890
136.7
-1.21
89.68
29
2009
 
44,598
0.941
47,398
135.3
-1.03
89.13
31
2010
 
45,783
0.957
47,838
136.6
0.93
87.73
33
2011
 
47,057
0.981
47,953
136.9
0.24
87.75
34
2012
 
49,504
1.000
49,504
141.3
3.23
89.48
31
2013
 
50,347
1.013
49,678
141.8
0.35
89.72
31
2014
 
51,554
1.029
50,116
143.1
0.88
89.84
29
2015
 
53,745
1.031
52,119
148.8
4.00
92.07
24
2016
 
55,310
1.042
53,063
151.5
1.81
94.10
20
2017
 
57,502
1.061
54,210
154.8
2.16
94.79
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
May 2019
REAP_PI_SA1400_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
 
7,179
0.200
35,868
100.0
N
1970
 
7,596
0.210
36,256
101.1
1.08
1971
 
8,103
0.218
37,100
103.4
2.33
1972
 
8,691
0.226
38,479
107.3
3.71
1973
 
9,336
0.238
39,226
109.4
1.94
1974
 
9,928
0.263
37,778
105.3
-3.69
1975
 
10,713
0.285
37,628
104.9
-0.40
1976
 
11,549
0.300
38,455
107.2
2.20
1977
 
12,412
0.320
38,804
108.2
0.91
1978
 
13,457
0.342
39,336
109.7
1.37
1979
 
14,568
0.373
39,109
109.0
-0.58
1980
 
15,657
0.413
37,945
105.8
-2.98
1981
 
17,066
0.450
37,961
105.8
0.04
1982
 
17,989
0.475
37,908
105.7
-0.14
1983
 
18,920
0.495
38,242
106.6
0.88
1984
 
20,181
0.513
39,307
109.6
2.78
1985
 
21,130
0.531
39,767
110.9
1.17
1986
 
22,078
0.543
40,666
113.4
2.26
1987
 
23,126
0.560
41,324
115.2
1.62
1988
 
24,408
0.582
41,973
117.0
1.57
1989
 
25,460
0.607
41,950
117.0
-0.05
1990
 
26,599
0.634
41,984
117.1
0.08
1991
 
27,537
0.655
42,058
117.3
0.18
1992
 
29,378
0.672
43,705
121.9
3.92
1993
 
30,101
0.689
43,693
121.8
-0.03
1994
 
30,909
0.703
43,948
122.5
0.58
1995
 
31,605
0.718
44,011
122.7
0.14
1996
 
32,810
0.733
44,733
124.7
1.64
1997
 
34,218
0.746
45,854
127.8
2.51
1998
 
36,011
0.752
47,876
133.5
4.41
1999
 
37,751
0.763
49,453
137.9
3.29
2000
 
39,903
0.782
51,004
142.2
3.14
2001
 
41,477
0.797
52,016
145.0
1.98
2002
 
42,407
0.808
52,491
146.3
0.91
2003
 
43,657
0.824
53,009
147.8
0.99
2004
 
45,458
0.844
53,853
150.1
1.59
2005
 
46,650
0.868
53,737
149.8
-0.22
2006
 
48,444
0.892
54,325
151.5
1.09
2007
 
49,385
0.914
54,009
150.6
-0.58
2008
 
50,294
0.942
53,402
148.9
-1.12
2009
 
50,038
0.941
53,179
148.3
-0.42
2010
 
52,187
0.957
54,529
152.0
2.54
2011
 
53,628
0.981
54,650
152.4
0.22
2012
 
55,324
1.000
55,324
154.2
1.23
2013
 
56,117
1.013
55,371
154.4
0.09
2014
 
57,382
1.029
55,782
155.5
0.74
2015
 
58,377
1.031
56,610
157.8
1.48
2016
 
58,777
1.042
56,389
157.2
-0.39
2017
 
60,660
1.061
57,187
159.4
1.41
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
May 2019
REAP_PI_SA1400_1400_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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