Cuming County vs. Nebraska
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Cuming County vs. Nebraska
Cuming County:
2022 Earnings = $460,862K
2022 Percent of State = 0.51%
Nebraska:
2022 Earnings = $89,974,794K
2022 Percent of U.S. = 0.59%
Industry earnings are incomes received by people who are directly involved with producing goods and services. Earnings, referred to also as "labor and proprietors income", include (1) wage and salary disbursements, (2) other labor income such as employer contributions to private retirement and medical insurance programs, and (3) the net incomes of proprietors (i.e., the owners of unincorporated enterprises).
In contrast to the more frequently cited employment data, earnings data more accurately reflect qualitative differences in labor's contributions toward the production of goods and services, namely the productivity differences reflected in variations in earnings per job. Earnings data, therefore, are better for comparing and tracking long-term trends and identifying short-run shifts in the level and composition of economic activity within and among counties.
Just like the employment data compiled by BEA, earnings data are reported on a place-of-work, or more accurately on a place-where-earned, basis.
Note: the BEA earnings data presented and discussed here in the context of comparing and assessing the economic growth and performance of county and regional economies are entirely separate and apart from--and should not be confused with--corporate earnings, which are compiled from the balance sheets of individual private corporations.
Cuming County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Cuming County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Cuming County's annual total industry earnings 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 Cuming County over time.
When measured in current dollars, Cuming County's total industry earnings increased 1,345.93%, from $32M in 1970 to $461M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 146.29%, from $161M in 1970 to $397M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Cuming County's and Nebraska's annual real total industry earnings for the period 1969-2022 to illustrate real total industry earnings patterns over time. During this 54-year period, Cuming County's real total industry earnings rose from $199M in 1969 to $397M in 2022, for a net gain of $199M, or 100.06%. In comparison, Nebraska's real total industry earnings increased from $23,481M in 1969 to $77,536M in 2022, for a net advance of $54,055M, or 230.20%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Cuming County's real total industry earnings 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 total industry earnings in 1969 as a base figure of 100, and the real total industry earningss in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real total industry earnings growth between regions that may differ vastly in size.
Cuming County's overall real total industry earnings growth was 100.06% over 1969-2022 trailed Nebraska's increase of 230.20%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Nebraska Total: 1969-2022
Total Industry Earnings as a Percent of the Nebraska Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total industry earnings growth of Cuming County is to trace its individual percentage contributions to Nebraska's statewide total industry earnings over time, as shown in Figure 4. A rising share means a region's total industry earnings grew faster, or declined less, than Nebraska's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Cuming County's total industry earnings comprised 0.85% of Nebraska's total industry earnings, while in 2022 it totaled 0.51% thereby yielding a -0.33% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.33%
=
0.51%
-
0.85%
 
   
Cuming County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Cuming County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Cuming County's real total industry earnings 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, Cuming County's real total industry earnings grew at an annual rate of 2.49% over 1970-2022. The county recorded its highest growth in 1977 (47.13%) and recorded its lowest growth in 1976 (-33.95%). In 2022, Cuming County's real total industry earnings declined by -10.54%
Cuming County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Cuming County Real Total Industry Earnings:
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 Cuming County's real total industry earnings 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, Cuming County's annual real total industry earnings growth rate averaged 0.37%. It averaged 6.59% throughout the 1980s, 0.95% throughout the 1990s, 0.12% in the 2000s, 5.01% in the 2010s, 0.54% thus far this decade (2020-2022).
Real Total Industry Earnings Growth:
Average Annual Percent Change by Decade
Real Total Industry Earnings Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Cuming County noted in the previous graph with the corresponding decade averages for Nebraska and the nation. As the chart reveals, Cuming County's average annual real total industry earnings growth lagged Nebraska's average in the 1970s (0.37% vs. 2.98%), registered above Nebraska's average in the 1980s (6.59% vs. 1.55%), recorded under Nebraska's average in the 1990s (0.95% vs. 3.32%), recorded under Nebraska's average in the 2000s (0.12% vs. 1.98%), topped Nebraska's average in the 2010s (5.01% vs. 2.05%), and trailed Nebraska's average over the 3 year period of the current decade, 2020-2022 (0.54% vs. 1.83%).
Finally, relative to nationwide real total industry earnings growth trends, Cuming County lagged the nation throughout the 1970s (0.37% vs. 3.13%), outgained the nation throughout the 1980s (6.59% vs. 2.62%), posted below the nation in the 1990s (0.95% vs. 3.43%), trailed the nation over the 2000s (0.12% vs. 1.47%), outperformed the nation during the 2010s (5.01% vs. 2.53%), and fell under the nation over 2020-2022 (0.54% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.49
0.37
6.59
0.95
0.12
5.01
0.54
-10.54
 
2.35
2.98
1.55
3.32
1.98
2.05
1.83
-0.69
 
2.57
3.13
2.62
3.43
1.47
2.53
1.48
0.05
 
   

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

   
 
Cuming County:
Total Industry Earnings, 1969-2022
 
1969
 
37,485
0.189
198,512
100.0
N
0.85
1970
 
31,873
0.198
161,252
81.2
-18.77
0.68
1971
 
48,875
0.206
237,200
119.5
47.10
0.95
1972
 
46,746
0.213
219,382
110.5
-7.51
0.82
1973
 
46,594
0.225
207,499
104.5
-5.42
0.70
1974
 
49,040
0.248
197,798
99.6
-4.68
0.72
1975
 
57,864
0.269
215,428
108.5
8.91
0.75
1976
 
40,317
0.283
142,297
71.7
-33.95
0.50
1977
 
63,179
0.302
209,368
105.5
47.13
0.73
1978
 
63,419
0.323
196,490
99.0
-6.15
0.62
1979
 
53,162
0.351
151,273
76.2
-23.01
0.49
1980
 
61,025
0.389
156,764
79.0
3.63
0.55
1981
 
74,103
0.424
174,709
88.0
11.45
0.58
1982
 
75,918
0.448
169,570
85.4
-2.94
0.58
1983
 
75,945
0.467
162,707
82.0
-4.05
0.56
1984
 
87,265
0.484
180,154
90.8
10.72
0.57
1985
 
101,673
0.501
202,827
102.2
12.58
0.62
1986
 
107,611
0.512
210,100
105.8
3.59
0.64
1987
 
138,260
0.528
261,846
131.9
24.63
0.77
1988
 
141,111
0.549
257,197
129.6
-1.78
0.72
1989
 
159,206
0.573
278,036
140.1
8.10
0.77
1990
 
180,435
0.598
301,857
152.1
8.57
0.81
1991
 
188,537
0.618
305,204
153.7
1.11
0.82
1992
 
193,277
0.634
304,757
153.5
-0.15
0.79
1993
 
190,340
0.650
292,831
147.5
-3.91
0.75
1994
 
192,245
0.664
289,718
145.9
-1.06
0.71
1995
 
181,662
0.678
268,120
135.1
-7.45
0.64
1996
 
213,649
0.692
308,728
155.5
15.15
0.69
1997
 
195,842
0.704
278,157
140.1
-9.90
0.62
1998
 
198,977
0.710
280,380
141.2
0.80
0.59
1999
 
214,701
0.720
298,192
150.2
6.35
0.60
2000
 
220,026
0.738
298,049
150.1
-0.05
0.59
2001
 
220,840
0.753
293,272
147.7
-1.60
0.56
2002
 
206,174
0.763
270,247
136.1
-7.85
0.51
2003
 
242,820
0.779
311,731
157.0
15.35
0.56
2004
 
232,962
0.798
291,834
147.0
-6.38
0.51
2005
 
269,135
0.821
327,706
165.1
12.29
0.57
2006
 
231,808
0.844
274,524
138.3
-16.23
0.48
2007
 
248,914
0.866
287,406
144.8
4.69
0.48
2008
 
242,130
0.892
271,538
136.8
-5.52
0.45
2009
 
257,097
0.889
289,130
145.6
6.48
0.48
2010
 
316,195
0.905
349,333
176.0
20.82
0.56
2011
 
430,114
0.928
463,465
233.5
32.67
0.68
2012
 
354,092
0.945
374,566
188.7
-19.18
0.55
2013
 
457,616
0.958
477,773
240.7
27.55
0.70
2014
 
509,897
0.971
525,012
264.5
9.89
0.74
2015
 
557,873
0.973
573,359
288.8
9.21
0.78
2016
 
513,171
0.983
522,131
263.0
-8.93
0.73
2017
 
374,806
1.000
374,806
188.8
-28.22
0.53
2018
 
356,130
1.020
348,986
175.8
-6.89
0.48
2019
 
408,769
1.035
394,896
198.9
13.16
0.54
2020
 
452,361
1.046
432,323
217.8
9.48
0.58
2021
 
483,890
1.090
443,932
223.6
2.69
0.57
2022
 
460,862
1.160
397,148
200.1
-10.54
0.51
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_1200_PSN
 
   

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

   
 
Nebraska:
Total Industry Earnings, 1969-2022
 
1969
 
4,433,936
0.189
23,481,099
100.0
N
0.68
1970
 
4,692,643
0.198
23,740,985
101.1
1.11
0.68
1971
 
5,156,088
0.206
25,023,480
106.6
5.40
0.69
1972
 
5,712,919
0.213
26,811,146
114.2
7.14
0.70
1973
 
6,697,739
0.225
29,827,384
127.0
11.25
0.73
1974
 
6,831,868
0.248
27,555,633
117.4
-7.62
0.69
1975
 
7,713,251
0.269
28,716,497
122.3
4.21
0.73
1976
 
8,056,211
0.283
28,434,020
121.1
-0.98
0.69
1977
 
8,671,862
0.302
28,737,613
122.4
1.07
0.67
1978
 
10,185,123
0.323
31,556,336
134.4
9.81
0.69
1979
 
10,918,870
0.351
31,069,829
132.3
-1.54
0.66
1980
 
11,121,283
0.389
28,568,853
121.7
-8.05
0.62
1981
 
12,701,979
0.424
29,946,903
127.5
4.82
0.65
1982
 
13,107,205
0.448
29,276,105
124.7
-2.24
0.64
1983
 
13,511,005
0.467
28,946,364
123.3
-1.13
0.62
1984
 
15,326,676
0.484
31,641,190
134.8
9.31
0.63
1985
 
16,346,215
0.501
32,608,951
138.9
3.06
0.62
1986
 
16,919,830
0.512
33,034,284
140.7
1.30
0.61
1987
 
18,051,187
0.528
34,186,559
145.6
3.49
0.60
1988
 
19,560,386
0.549
35,651,847
151.8
4.29
0.60
1989
 
20,546,317
0.573
35,881,869
152.8
0.65
0.59
1990
 
22,198,295
0.598
37,136,420
158.2
3.50
0.60
1991
 
22,977,372
0.618
37,195,862
158.4
0.16
0.61
1992
 
24,558,018
0.634
38,722,829
164.9
4.11
0.61
1993
 
25,304,841
0.650
38,930,525
165.8
0.54
0.60
1994
 
27,063,746
0.664
40,785,680
173.7
4.77
0.61
1995
 
28,227,016
0.678
41,661,033
177.4
2.15
0.60
1996
 
31,030,006
0.692
44,839,105
191.0
7.63
0.63
1997
 
31,797,165
0.704
45,161,937
192.3
0.72
0.60
1998
 
33,762,107
0.710
47,574,375
202.6
5.34
0.59
1999
 
35,720,571
0.720
49,611,215
211.3
4.28
0.59
2000
 
37,537,815
0.738
50,849,090
216.6
2.50
0.57
2001
 
39,445,872
0.753
52,383,565
223.1
3.02
0.57
2002
 
40,307,450
0.763
52,833,821
225.0
0.86
0.58
2003
 
43,119,379
0.779
55,356,483
235.7
4.77
0.60
2004
 
45,510,273
0.798
57,011,128
242.8
2.99
0.59
2005
 
46,934,155
0.821
57,148,264
243.4
0.24
0.58
2006
 
48,301,478
0.844
57,202,129
243.6
0.09
0.57
2007
 
51,468,782
0.866
59,427,970
253.1
3.89
0.58
2008
 
53,536,371
0.892
60,038,545
255.7
1.03
0.59
2009
 
53,618,075
0.889
60,298,552
256.8
0.43
0.62
2010
 
56,568,186
0.905
62,496,615
266.2
3.65
0.63
2011
 
63,457,392
0.928
68,377,863
291.2
9.41
0.67
2012
 
64,104,132
0.945
67,810,663
288.8
-0.83
0.65
2013
 
65,634,545
0.958
68,525,642
291.8
1.05
0.64
2014
 
69,267,208
0.971
71,320,526
303.7
4.08
0.65
2015
 
71,587,004
0.973
73,574,244
313.3
3.16
0.65
2016
 
70,096,436
0.983
71,320,292
303.7
-3.06
0.62
2017
 
71,216,731
1.000
71,216,731
303.3
-0.15
0.60
2018
 
73,855,652
1.020
72,374,153
308.2
1.63
0.59
2019
 
76,053,319
1.035
73,472,239
312.9
1.52
0.59
2020
 
78,087,474
1.046
74,628,446
317.8
1.57
0.59
2021
 
85,101,976
1.090
78,074,491
332.5
4.62
0.60
2022
 
89,974,794
1.160
77,535,736
330.2
-0.69
0.59
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_1200_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:
Total Industry Earnings, 1969-2022
 
1969
 
653,665,000
0.189
3,461,658,635
100.0
N
1970
 
693,352,000
0.198
3,507,801,275
101.3
1.33
1971
 
742,094,000
0.206
3,601,523,902
104.0
2.67
1972
 
819,646,000
0.213
3,846,658,532
111.1
6.81
1973
 
918,964,000
0.225
4,092,469,383
118.2
6.39
1974
 
993,909,000
0.248
4,008,829,105
115.8
-2.04
1975
 
1,059,492,000
0.269
3,944,497,394
113.9
-1.60
1976
 
1,173,271,000
0.283
4,141,005,188
119.6
4.98
1977
 
1,303,767,000
0.302
4,320,542,816
124.8
4.34
1978
 
1,476,080,000
0.323
4,573,305,242
132.1
5.85
1979
 
1,648,363,000
0.351
4,690,444,754
135.5
2.56
1980
 
1,784,597,000
0.389
4,584,353,165
132.4
-2.26
1981
 
1,961,173,000
0.424
4,623,772,250
133.6
0.86
1982
 
2,053,729,000
0.448
4,587,185,902
132.5
-0.79
1983
 
2,188,018,000
0.467
4,687,672,466
135.4
2.19
1984
 
2,432,402,000
0.484
5,021,577,654
145.1
7.12
1985
 
2,615,791,000
0.501
5,218,223,348
150.7
3.92
1986
 
2,786,901,000
0.512
5,441,146,840
157.2
4.27
1987
 
2,996,000,000
0.528
5,674,027,499
163.9
4.28
1988
 
3,259,979,000
0.549
5,941,819,010
171.6
4.72
1989
 
3,467,027,000
0.573
6,054,778,994
174.9
1.90
1990
 
3,679,460,000
0.598
6,155,516,520
177.8
1.66
1991
 
3,789,428,000
0.618
6,134,341,309
177.2
-0.34
1992
 
4,059,023,000
0.634
6,400,225,481
184.9
4.33
1993
 
4,237,437,000
0.650
6,519,133,846
188.3
1.86
1994
 
4,456,948,000
0.664
6,716,721,924
194.0
3.03
1995
 
4,674,849,000
0.678
6,899,738,761
199.3
2.72
1996
 
4,956,180,000
0.692
7,161,799,344
206.9
3.80
1997
 
5,288,047,000
0.704
7,510,683,597
217.0
4.87
1998
 
5,707,014,000
0.710
8,041,785,619
232.3
7.07
1999
 
6,098,042,000
0.720
8,469,385,147
244.7
5.32
2000
 
6,598,743,000
0.738
8,938,721,519
258.2
5.54
2001
 
6,865,291,000
0.753
9,117,010,172
263.4
1.99
2002
 
7,001,002,000
0.763
9,176,707,606
265.1
0.65
2003
 
7,243,377,000
0.779
9,299,017,896
268.6
1.33
2004
 
7,674,785,000
0.798
9,614,272,113
277.7
3.39
2005
 
8,039,238,000
0.821
9,788,788,097
282.8
1.82
2006
 
8,519,349,000
0.844
10,089,233,775
291.5
3.07
2007
 
8,866,261,000
0.866
10,237,349,175
295.7
1.47
2008
 
9,014,085,000
0.892
10,108,876,304
292.0
-1.25
2009
 
8,688,913,000
0.889
9,771,497,172
282.3
-3.34
2010
 
9,023,916,000
0.905
9,969,635,637
288.0
2.03
2011
 
9,444,387,000
0.928
10,176,702,513
294.0
2.08
2012
 
9,854,834,000
0.945
10,424,645,101
301.1
2.44
2013
 
10,180,570,000
0.958
10,629,007,841
307.0
1.96
2014
 
10,613,874,000
0.971
10,928,505,678
315.7
2.82
2015
 
11,039,821,000
0.973
11,346,284,134
327.8
3.82
2016
 
11,311,477,000
0.983
11,508,970,941
332.5
1.43
2017
 
11,848,205,000
1.000
11,848,205,000
342.3
2.95
2018
 
12,438,590,000
1.020
12,189,079,542
352.1
2.88
2019
 
12,989,097,000
1.035
12,548,276,062
362.5
2.95
2020
 
13,158,025,000
1.046
12,575,166,053
363.3
0.21
2021
 
14,278,043,000
1.090
13,099,001,844
378.4
4.17
2022
 
15,207,952,000
1.160
13,105,445,395
378.6
0.05
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_1200_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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