Franklin County vs. Nebraska
Comparative Trends Analysis:
Average Earnings Per Job Growth and Change, 1969-2022
Introduction
Franklin County vs. Nebraska
Franklin County:
2022 Avg. Earnings = $42,079
2022 Percent of State = 64.17%
Nebraska:
2022 Avg. Earnings = $65,574
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 Franklin County with comparisons to Nebraska and the nation is an important first step in understanding the economic forces at play in Franklin 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.
Franklin County Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Franklin County Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Franklin 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 Franklin County over time.
When measured in current dollars, Franklin County's average earnings per job increased 636.49%, from $5,713 in 1970 to $42,079 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 25.45%, from $28,906 in 1970 to $36,262 in 2022.
Real Average Earnings Per Job, 1969-2022
Real Average Earnings Per Job, 1969-2022
Figure 2.
Figure 2 tracks Franklin County's and Nebraska'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, Franklin County's real average earnings per job rose from $27,167 in 1969 to $36,262 in 2022, for a net gain of $9,095, or 33.48%. In comparison, Nebraska's real average earnings per job advanced from $33,366 in 1969 to $56,508 in 2022, for a net gain of $23,143, or 69.36%.
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 Franklin County's real average earnings per job growth in a broader context by offering direct comparisons across time with Nebraska, 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.
Franklin County's overall real average earnings per job growth was 33.48% over 1969-2022 trailed Nebraska's increase of 69.36%, 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 portrays the trends for average earnings per job relative to the national average by tracing Franklin County and Nebraska average earnings per job as a percent of the national average over 1969-2022.
In 1969, Franklin County's average earnings per job amounted to 71.46% of the national average; in 2022, it approximated 58.78%. Similarly, in 1969, Nebraska's average earnings per job totaled 87.76% of the national average; in 2022, it consisted of 91.60%.
Franklin County Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Franklin County Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Franklin 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, Franklin County's real average earnings per job grew at an annual rate of 3.47% over 1970-2022. The county posted its highest growth in 1981 (88.37%) and posted its lowest growth in 1980 (-49.19%). In 2022, Franklin County's real average earnings per job declined by -27.60%
Franklin County Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2022
Franklin 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 depicts the annual percent change in Franklin County'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, Franklin County's annual real average earnings per job growth rate averaged 2.36%. It averaged 6.74% in the 1980s, 0.73% in the 1990s, 6.19% in the 2000s, -0.37% throughout the 2010s, 9.13% 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 Franklin County noted in the previous graph with the corresponding decade averages for Nebraska and the nation. As the chart reveals, Franklin County's average annual real average earnings per job growth outperformed Nebraska's average in the 1970s (2.36% vs. 0.76%), registered above Nebraska's average in the 1980s (6.74% vs. 0.55%), recorded under Nebraska's average throughout the 1990s (0.73% vs. 1.45%), outgained Nebraska's average during the 2000s (6.19% vs. 1.41%), posted below Nebraska's average throughout the 2010s (-0.37% vs. 1.21%), and outpaced Nebraska's average over the 3 year period of the current decade, 2020-2022 (9.13% vs. 0.76%).
Finally, relative to nationwide real average earnings per job growth trends, Franklin County outperformed the nation throughout the 1970s (2.36% vs. 0.89%), exceeded the nation over the 1980s (6.74% vs. 0.71%), fell under the nation throughout the 1990s (0.73% vs. 1.68%), surpassed the nation throughout the 2000s (6.19% vs. 0.72%), fell under the nation throughout the 2010s (-0.37% vs. 1.01%), and outpaced the nation over 2020-2022 (9.13% vs. -0.24%).
   
 
Real* Average Earnings Per Job Growth:
Average Annual Percent Change
 
 
 
3.47
2.36
6.74
0.73
6.19
-0.37
9.13
-27.60
 
1.06
0.76
0.55
1.45
1.41
1.21
0.76
-3.42
 
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.

   
 
Franklin County:
Average Earnings Per Job, 1969-2022
 
1969
 
5,130
0.189
27,167
100.0
N
81.42
71.46
1970
 
5,713
0.198
28,906
106.4
6.40
87.08
75.22
1971
 
5,701
0.206
27,668
101.8
-4.28
80.53
70.36
1972
 
6,413
0.213
30,096
110.8
8.78
83.93
73.79
1973
 
9,307
0.225
41,447
152.6
37.71
107.63
99.68
1974
 
7,450
0.248
30,049
110.6
-27.50
86.49
75.04
1975
 
9,862
0.269
36,716
135.1
22.18
100.99
92.06
1976
 
8,237
0.283
29,072
107.0
-20.82
82.96
71.32
1977
 
5,841
0.302
19,356
71.2
-33.42
55.97
47.06
1978
 
9,908
0.323
30,699
113.0
58.60
83.12
73.63
1979
 
8,197
0.351
23,325
85.9
-24.02
65.73
56.27
1980
 
4,613
0.389
11,851
43.6
-49.19
36.37
29.46
1981
 
9,468
0.424
22,322
82.2
88.37
64.96
55.48
1982
 
9,574
0.448
21,384
78.7
-4.20
62.87
53.22
1983
 
7,716
0.467
16,531
60.9
-22.69
49.54
40.78
1984
 
11,201
0.484
23,125
85.1
39.88
64.73
55.50
1985
 
11,332
0.501
22,607
83.2
-2.24
62.25
53.63
1986
 
12,240
0.512
23,898
88.0
5.71
64.95
55.44
1987
 
12,549
0.528
23,766
87.5
-0.55
64.28
54.26
1988
 
15,024
0.549
27,384
100.8
15.22
72.77
61.56
1989
 
15,220
0.573
26,580
97.8
-2.94
71.46
59.78
1990
 
17,314
0.598
28,966
106.6
8.98
77.07
65.09
1991
 
16,128
0.618
26,109
96.1
-9.86
69.65
58.57
1992
 
19,548
0.634
30,823
113.5
18.06
79.54
66.54
1993
 
17,818
0.650
27,412
100.9
-11.07
71.89
59.19
1994
 
17,848
0.664
26,898
99.0
-1.88
70.00
57.75
1995
 
16,086
0.678
23,741
87.4
-11.73
61.05
50.90
1996
 
21,683
0.692
31,332
115.3
31.97
76.64
66.09
1997
 
17,948
0.704
25,492
93.8
-18.64
62.73
52.45
1998
 
19,814
0.710
27,920
102.8
9.52
66.81
55.02
1999
 
18,483
0.720
25,671
94.5
-8.05
59.86
48.96
2000
 
18,237
0.738
24,705
90.9
-3.76
57.03
45.70
2001
 
20,794
0.753
27,614
101.6
11.78
61.95
50.13
2002
 
16,818
0.763
22,045
81.1
-20.17
48.65
39.66
2003
 
27,712
0.779
35,577
131.0
61.38
75.14
63.48
2004
 
29,428
0.798
36,865
135.7
3.62
76.31
64.74
2005
 
30,129
0.821
36,685
135.0
-0.49
76.53
64.59
2006
 
23,362
0.844
27,667
101.8
-24.58
58.43
48.23
2007
 
30,320
0.866
35,009
128.9
26.54
72.52
61.40
2008
 
34,767
0.892
38,990
143.5
11.37
80.36
69.12
2009
 
33,372
0.889
37,530
138.1
-3.74
76.14
66.69
2010
 
32,456
0.905
35,857
132.0
-4.46
69.99
62.19
2011
 
45,735
0.928
49,282
181.4
37.44
88.83
85.27
2012
 
42,113
0.945
44,548
164.0
-9.60
82.21
76.48
2013
 
50,855
0.958
53,095
195.4
19.18
98.12
91.08
2014
 
41,847
0.971
43,087
158.6
-18.85
77.50
73.43
2015
 
38,681
0.973
39,754
146.3
-7.74
70.40
66.69
2016
 
30,044
0.983
30,569
112.5
-23.11
56.19
51.38
2017
 
26,649
1.000
26,649
98.1
-12.82
49.31
44.17
2018
 
26,381
1.020
25,852
95.2
-2.99
47.52
42.48
2019
 
31,923
1.035
30,839
113.5
19.29
55.76
49.55
2020
 
42,429
1.046
40,549
149.3
31.49
70.94
62.97
2021
 
54,592
1.090
50,084
184.4
23.51
85.60
77.52
2022
 
42,079
1.160
36,262
133.5
-27.60
64.17
58.78
Source: Calculations by the Nebraska Regional Economic Analysis Project (NE-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.

   
 
Nebraska:
Average Earnings Per Job, 1969-2022
 
1969
 
6,300
0.189
33,366
100.0
N
87.76
1970
 
6,561
0.198
33,195
99.5
-0.51
86.38
1971
 
7,080
0.206
34,360
103.0
3.51
87.37
1972
 
7,641
0.213
35,859
107.5
4.36
87.92
1973
 
8,647
0.225
38,508
115.4
7.39
92.61
1974
 
8,614
0.248
34,743
104.1
-9.78
86.76
1975
 
9,765
0.269
36,356
109.0
4.64
91.15
1976
 
9,929
0.283
35,042
105.0
-3.61
85.97
1977
 
10,435
0.302
34,581
103.6
-1.32
84.07
1978
 
11,921
0.323
36,935
110.7
6.81
88.58
1979
 
12,471
0.351
35,487
106.4
-3.92
85.61
1980
 
12,683
0.389
32,581
97.6
-8.19
81.01
1981
 
14,576
0.424
34,365
103.0
5.47
85.41
1982
 
15,228
0.448
34,013
101.9
-1.02
84.65
1983
 
15,576
0.467
33,371
100.0
-1.89
82.33
1984
 
17,306
0.484
35,727
107.1
7.06
85.75
1985
 
18,205
0.501
36,316
108.8
1.65
86.16
1986
 
18,847
0.512
36,796
110.3
1.32
85.37
1987
 
19,523
0.528
36,974
110.8
0.48
84.42
1988
 
20,646
0.549
37,630
112.8
1.77
84.59
1989
 
21,299
0.573
37,197
111.5
-1.15
83.66
1990
 
22,467
0.598
37,586
112.6
1.05
84.46
1991
 
23,155
0.618
37,484
112.3
-0.27
84.09
1992
 
24,578
0.634
38,754
116.1
3.39
83.66
1993
 
24,785
0.650
38,131
114.3
-1.61
82.34
1994
 
25,497
0.664
38,424
115.2
0.77
82.49
1995
 
26,350
0.678
38,891
116.6
1.22
83.37
1996
 
28,294
0.692
40,885
122.5
5.13
86.24
1997
 
28,611
0.704
40,636
121.8
-0.61
83.61
1998
 
29,658
0.710
41,792
125.3
2.84
82.36
1999
 
30,878
0.720
42,886
128.5
2.62
81.79
2000
 
31,981
0.738
43,322
129.8
1.02
80.15
2001
 
33,568
0.753
44,578
133.6
2.90
80.93
2002
 
34,569
0.763
45,312
135.8
1.65
81.52
2003
 
36,879
0.779
47,345
141.9
4.49
84.48
2004
 
38,562
0.798
48,307
144.8
2.03
84.83
2005
 
39,368
0.821
47,936
143.7
-0.77
84.39
2006
 
39,983
0.844
47,351
141.9
-1.22
82.54
2007
 
41,812
0.866
48,277
144.7
1.96
84.67
2008
 
43,265
0.892
48,520
145.4
0.50
86.02
2009
 
43,832
0.889
49,294
147.7
1.59
87.59
2010
 
46,373
0.905
51,233
153.5
3.93
88.85
2011
 
51,485
0.928
55,477
166.3
8.28
95.99
2012
 
51,229
0.945
54,191
162.4
-2.32
93.04
2013
 
51,829
0.958
54,112
162.2
-0.14
92.82
2014
 
53,999
0.971
55,600
166.6
2.75
94.75
2015
 
54,945
0.973
56,471
169.2
1.57
94.73
2016
 
53,471
0.983
54,404
163.1
-3.66
91.44
2017
 
54,045
1.000
54,045
162.0
-0.66
89.58
2018
 
55,513
1.020
54,400
163.0
0.66
89.39
2019
 
57,252
1.035
55,309
165.8
1.67
88.88
2020
 
59,807
1.046
57,158
171.3
3.34
88.76
2021
 
63,774
1.090
58,508
175.4
2.36
90.56
2022
 
65,574
1.160
56,508
169.4
-3.42
91.60
Source: Calculations by the Nebraska Regional Economic Analysis Project (NE-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 Nebraska Regional Economic Analysis Project (NE-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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To offer the most comprehensive set of interactive options in support of your research, NE-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request.
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