Colorado vs. Oregon
Comparative Trends Analysis:
Average Earnings Per Job Growth and Change, 1969-2015
Introduction
Colorado:
2015 Avg. Earnings = $57,430
2015 Rank = #15
Oregon:
2015 Avg. Earnings = $52,930
2015 Rank = #26
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, 1969-2015
Current vs. Constant Dollars
Colorado Average Earnings Per Job, 1969-2015
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Colorado's annual average earnings per job over 1969-2015 in current and constant (2009) 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 755.2%, from $6,716 in 1969 to $57,430 in 2015. When measured in constant 2009 dollars to adjust for inflation, it advanced 66.4%, from $31,510 in 1969 to $52,433 in 2015.
Real Average Earnings Per Job, 1969-2015
Real Average Earnings Per Job, 1969-2015
Figure 2.
Figure 2 traces Colorado's and Oregon's annual real average earnings per job for the period 1969-2015 to illustrate real average earnings per job patterns over time. During this 47-year period, Colorado's real average earnings per job rose from $31,510 in 1969 to $52,433 in 2015, for a net gain of $20,923, or 66.4%. In comparison, Oregon's real average earnings per job advanced from $33,022 in 1969 to $48,324 in 2015, for a net gain of $15,303, or 46.3%. Colorado's real average earnings per job ranked 15th among the 51 states in 2015, Oregon's ranked 26th.
In addition, the United States' real average earnings per job increased from $33,764 in 1969 to $53,161 in 2015, for a net gain of $19,397, or 57.4%.
Real Average Earnings Per Job Indices (1969=100): 1969-2015
Real Average Earnings Per Job Indices (1969=100): 1969-2015
Figure 3.
Figure 3 shows 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 66.4% over 1969-2015 outpaced Oregon's increase of 46.3%, and outpaced the United States' increase of 57.4%.
Average Earnings Per Job as a Percent of the U.S. Average: 1969-2015
Average Earnings Per Job as a Percent of the U.S. Average: 1969-2015
Figure 4.
Figure 4 portrays 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 1969-2015.
In 1969, Colorado's average earnings per job amounted to 93.3% of the national average; in 2015, it approximated 98.6%. Similarly, in 1969, Oregon's average earnings per job totaled 97.8% of the national average; in 2015, it consisted of 90.9%.
Colorado Real Average Earnings Per Job:
Annual Percent Change, 1970-2015
Colorado Real Average Earnings Per Job:
Annual Percent Change, 1970-2015
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 1970-2015. The average annual percent change for the entire 46-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, Colorado's real average earnings per job grew at an annual rate of 1.13% over 1970-2015. The state posted its highest growth in 1998 (6.87%) and posted its lowest growth in 2009 (-3.49%). In 2015, Colorado's real average earnings per job grew by 0.67%
Colorado Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2015
Colorado Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2015
Figure 6.
Over the past five decades some states have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again traces 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 2010-2015.
During the 1970s, Colorado's annual real average earnings per job growth rate averaged 1.20%. It averaged 0.17% during the 1980s, 2.55% during the 1990s, 0.11% in the 2000s, and 1.98% thus far this decade (2010 to 2015).
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 (1.20% vs. 0.97%), led Oregon's average during the 1980s (0.17% vs. -0.35%), outperformed Oregon's average throughout the 1990s (2.55% vs. 1.96%), amounted to less than Oregon's average in the 2000s (0.11% vs. 0.39%), and outperformed Oregon's average over the 6 year period of the last decade, 2010-2015 (1.98% vs. 1.54%).
Finally, relative to nationwide real average earnings per job growth trends, Colorado outpaced the nation over the 1970s (1.20% vs. 0.88%), fell under the nation in the 1980s (0.17% vs. 0.71%), outpaced the nation throughout the 1990s (2.55% vs. 1.71%), lagged the nation during the 2000s (0.11% vs. 0.74%), and exceeded the nation over 2010-2015 (1.98% vs. 0.97%).
   
 
Real* Average Earnings Per Job Growth:
Average Annual Percent Change
 
 
 
1.13
1.20
0.17
2.55
0.11
1.98
0.67
 
0.85
0.97
-0.35
1.96
0.39
1.54
4.13
 
1.00
0.88
0.71
1.71
0.74
0.97
2.08
 
   
   
 
Colorado:
Average Earnings Per Job, 1969-2015
 
1969
 
6,716
0.213
31,510
100.0
N
93.33
23
1970
 
7,265
0.223
32,561
103.3
3.33
95.39
21
1971
 
7,908
0.233
34,000
107.9
4.42
97.33
19
1972
 
8,443
0.241
35,100
111.4
3.24
96.88
19
1973
 
8,968
0.254
35,372
112.3
0.77
95.80
25
1974
 
9,706
0.280
34,676
110.0
-1.97
97.51
21
1975
 
10,431
0.303
34,392
109.1
-0.82
97.10
20
1976
 
11,093
0.320
34,674
110.0
0.82
95.82
21
1977
 
11,830
0.341
34,717
110.2
0.12
95.08
24
1978
 
12,872
0.365
35,303
112.0
1.69
95.43
23
1979
 
14,062
0.397
35,425
112.4
0.35
96.30
24
1980
 
15,319
0.440
34,849
110.6
-1.63
97.63
21
1981
 
16,762
0.478
35,045
111.2
0.56
98.08
20
1982
 
17,767
0.505
35,196
111.7
0.43
98.70
20
1983
 
18,657
0.527
35,434
112.5
0.68
98.55
18
1984
 
19,392
0.546
35,487
112.6
0.15
96.03
19
1985
 
20,143
0.566
35,600
113.0
0.32
95.27
19
1986
 
20,905
0.578
36,165
114.8
1.59
94.63
20
1987
 
21,779
0.597
36,511
115.9
0.96
94.11
19
1988
 
22,382
0.620
36,116
114.6
-1.08
91.64
23
1989
 
23,287
0.646
36,025
114.3
-0.25
91.37
24
1990
 
24,401
0.674
36,181
114.8
0.43
91.65
22
1991
 
25,469
0.697
36,566
116.0
1.06
92.41
22
1992
 
27,319
0.715
38,212
121.3
4.50
92.88
22
1993
 
28,386
0.733
38,737
122.9
1.37
94.17
21
1994
 
28,918
0.748
38,659
122.7
-0.20
93.42
22
1995
 
30,004
0.764
39,294
124.7
1.64
94.77
21
1996
 
31,230
0.780
40,048
127.1
1.92
95.02
21
1997
 
32,470
0.793
40,932
129.9
2.21
94.72
20
1998
 
34,966
0.799
43,742
138.8
6.87
96.92
18
1999
 
37,499
0.811
46,233
146.7
5.69
99.14
16
2000
 
40,468
0.831
48,680
154.5
5.29
101.22
13
2001
 
42,135
0.847
49,725
157.8
2.15
101.39
13
2002
 
42,534
0.859
49,531
157.2
-0.39
100.23
15
2003
 
43,189
0.876
49,318
156.5
-0.43
98.81
17
2004
 
43,842
0.897
48,875
155.1
-0.90
96.30
21
2005
 
45,391
0.923
49,199
156.1
0.66
97.16
19
2006
 
47,225
0.947
49,853
158.2
1.33
97.36
18
2007
 
47,743
0.971
49,168
156.0
-1.37
96.80
17
2008
 
48,354
1.001
48,322
153.4
-1.72
95.51
18
2009
 
46,636
1.000
46,636
148.0
-3.49
92.93
21
2010
 
47,598
1.017
46,824
148.6
0.40
91.76
22
2011
 
49,495
1.041
47,523
150.8
1.49
92.90
21
2012
 
51,637
1.061
48,659
154.4
2.39
93.97
20
2013
 
54,230
1.075
50,432
160.1
3.64
97.73
19
2014
 
56,848
1.092
52,083
165.3
3.27
100.01
15
2015
 
57,430
1.095
52,433
166.4
0.67
98.63
15
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
November 2016
REAP_PI_SA1400_1400_PSN
 
   
   
 
Oregon:
Average Earnings Per Job, 1969-2015
 
1969
 
7,038
0.213
33,022
100.0
N
97.80
19
1970
 
7,398
0.223
33,156
100.4
0.41
97.14
19
1971
 
7,858
0.233
33,785
102.3
1.90
96.71
21
1972
 
8,452
0.241
35,136
106.4
4.00
96.98
18
1973
 
9,058
0.254
35,729
108.2
1.69
96.77
23
1974
 
9,818
0.280
35,074
106.2
-1.83
98.63
19
1975
 
10,401
0.303
34,292
103.8
-2.23
96.82
21
1976
 
11,374
0.320
35,552
107.7
3.67
98.24
18
1977
 
12,131
0.341
35,599
107.8
0.13
97.50
20
1978
 
13,244
0.365
36,321
110.0
2.03
98.18
18
1979
 
14,413
0.397
36,307
110.0
-0.04
98.70
17
1980
 
15,460
0.440
35,169
106.5
-3.13
98.52
19
1981
 
16,395
0.478
34,277
103.8
-2.54
95.93
23
1982
 
16,851
0.505
33,382
101.1
-2.61
93.61
27
1983
 
17,425
0.527
33,094
100.2
-0.86
92.04
27
1984
 
18,433
0.546
33,731
102.1
1.93
91.28
27
1985
 
19,021
0.566
33,616
101.8
-0.34
89.96
29
1986
 
19,758
0.578
34,179
103.5
1.67
89.43
30
1987
 
20,405
0.597
34,208
103.6
0.09
88.18
31
1988
 
21,596
0.620
34,846
105.5
1.86
88.41
29
1989
 
22,633
0.646
35,013
106.0
0.48
88.80
29
1990
 
23,950
0.674
35,514
107.5
1.43
89.95
25
1991
 
25,091
0.697
36,023
109.1
1.43
91.04
24
1992
 
26,711
0.715
37,362
113.1
3.72
90.81
23
1993
 
27,865
0.733
38,026
115.2
1.78
92.44
22
1994
 
28,555
0.748
38,174
115.6
0.39
92.24
23
1995
 
29,311
0.764
38,387
116.2
0.56
92.59
23
1996
 
30,636
0.780
39,287
119.0
2.34
93.21
23
1997
 
31,819
0.793
40,111
121.5
2.10
92.82
24
1998
 
33,185
0.799
41,515
125.7
3.50
91.98
23
1999
 
34,452
0.811
42,476
128.6
2.31
91.09
23
2000
 
36,624
0.831
44,056
133.4
3.72
91.61
23
2001
 
37,222
0.847
43,927
133.0
-0.29
89.57
26
2002
 
37,856
0.859
44,084
133.5
0.36
89.20
28
2003
 
39,102
0.876
44,651
135.2
1.29
89.46
28
2004
 
40,582
0.897
45,240
137.0
1.32
89.14
26
2005
 
41,205
0.923
44,661
135.2
-1.28
88.20
29
2006
 
43,085
0.947
45,483
137.7
1.84
88.83
28
2007
 
43,697
0.971
45,001
136.3
-1.06
88.60
27
2008
 
44,856
1.001
44,827
135.8
-0.39
88.60
30
2009
 
44,119
1.000
44,119
133.6
-1.58
87.91
32
2010
 
45,094
1.017
44,360
134.3
0.55
86.93
34
2011
 
46,277
1.041
44,434
134.6
0.17
86.87
36
2012
 
48,718
1.061
45,908
139.0
3.32
88.66
33
2013
 
49,329
1.075
45,874
138.9
-0.07
88.90
33
2014
 
50,653
1.092
46,407
140.5
1.16
89.11
32
2015
 
52,930
1.095
48,324
146.3
4.13
90.90
26
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
November 2016
REAP_PI_SA1400_1400_PSN
 
   
   
 
United States:
Average Earnings Per Job, 1969-2015
 
1969
 
7,196
0.213
33,764
100.0
N
1970
 
7,615
0.223
34,133
101.1
1.09
1971
 
8,125
0.233
34,934
103.5
2.35
1972
 
8,715
0.241
36,230
107.3
3.71
1973
 
9,360
0.254
36,922
109.4
1.91
1974
 
9,954
0.280
35,560
105.3
-3.69
1975
 
10,742
0.303
35,419
104.9
-0.40
1976
 
11,577
0.320
36,187
107.2
2.17
1977
 
12,442
0.341
36,512
108.1
0.90
1978
 
13,489
0.365
36,994
109.6
1.32
1979
 
14,602
0.397
36,785
108.9
-0.56
1980
 
15,692
0.440
35,697
105.7
-2.96
1981
 
17,091
0.478
35,731
105.8
0.10
1982
 
18,001
0.505
35,660
105.6
-0.20
1983
 
18,932
0.527
35,957
106.5
0.83
1984
 
20,194
0.546
36,955
109.5
2.78
1985
 
21,143
0.566
37,367
110.7
1.12
1986
 
22,092
0.578
38,217
113.2
2.27
1987
 
23,141
0.597
38,795
114.9
1.51
1988
 
24,425
0.620
39,412
116.7
1.59
1989
 
25,487
0.646
39,429
116.8
0.04
1990
 
26,625
0.674
39,479
116.9
0.13
1991
 
27,561
0.697
39,569
117.2
0.23
1992
 
29,415
0.715
41,143
121.9
3.98
1993
 
30,143
0.733
41,135
121.8
-0.02
1994
 
30,956
0.748
41,383
122.6
0.61
1995
 
31,658
0.764
41,461
122.8
0.19
1996
 
32,868
0.780
42,149
124.8
1.66
1997
 
34,281
0.793
43,215
128.0
2.53
1998
 
36,079
0.799
45,135
133.7
4.44
1999
 
37,823
0.811
46,632
138.1
3.32
2000
 
39,978
0.831
48,091
142.4
3.13
2001
 
41,557
0.847
49,043
145.3
1.98
2002
 
42,438
0.859
49,419
146.4
0.77
2003
 
43,710
0.876
49,914
147.8
1.00
2004
 
45,528
0.897
50,754
150.3
1.68
2005
 
46,717
0.923
50,636
150.0
-0.23
2006
 
48,505
0.947
51,203
151.7
1.12
2007
 
49,321
0.971
50,793
150.4
-0.80
2008
 
50,626
1.001
50,593
149.8
-0.39
2009
 
50,184
1.000
50,184
148.6
-0.81
2010
 
51,873
1.017
51,029
151.1
1.68
2011
 
53,275
1.041
51,153
151.5
0.24
2012
 
54,948
1.061
51,779
153.4
1.22
2013
 
55,490
1.075
51,603
152.8
-0.34
2014
 
56,844
1.092
52,079
154.2
0.92
2015
 
58,228
1.095
53,161
157.4
2.08
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
November 2016
REAP_PI_SA1400_1400_PN
 
   
Copyright © 2016. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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