Lake County vs. Florida
Comparative Trends Analysis:
Average Earnings Per Job Growth and Change, 1969-2022
Introduction
Lake County vs. Florida
Lake County:
2022 Avg. Earnings = $46,072
2022 Percent of State = 77.66%
Florida:
2022 Avg. Earnings = $59,326
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 Lake County with comparisons to Florida and the nation is an important first step in understanding the economic forces at play in Lake 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.
Lake County Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Lake County Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Lake 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 Lake County over time.
When measured in current dollars, Lake County's average earnings per job increased 673.62%, from $5,955 in 1970 to $46,072 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 31.77%, from $30,129 in 1970 to $39,702 in 2022.
Real Average Earnings Per Job, 1969-2022
Real Average Earnings Per Job, 1969-2022
Figure 2.
Figure 2 tracks Lake County's and Florida'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, Lake County's real average earnings per job rose from $32,591 in 1969 to $39,702 in 2022, for a net gain of $7,111, or 21.82%. In comparison, Florida's real average earnings per job increased from $34,317 in 1969 to $51,124 in 2022, for a net advance of $16,808, or 48.98%.
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 Lake County's real average earnings per job growth in a broader context by offering direct comparisons across time with Florida, 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.
Lake County's overall real average earnings per job growth was 21.82% over 1969-2022 trailed Florida's increase of 48.98%, 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 depicts the trends for average earnings per job relative to the national average by tracing Lake County and Florida average earnings per job as a percent of the national average over 1969-2022.
In 1969, Lake County's average earnings per job amounted to 85.73% of the national average; in 2022, it approximated 64.36%. Similarly, in 1969, Florida's average earnings per job totaled 90.26% of the national average; in 2022, it consisted of 82.87%.
Lake County Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Lake County Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Lake 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, Lake County's real average earnings per job grew at an annual rate of 0.43% over 1970-2022. The county posted its highest growth in 2001 (5.68%) and recorded its lowest growth in 1981 (-10.81%). In 2022, Lake County's real average earnings per job declined by -1.50%
Lake County Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2022
Lake 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 Lake 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, Lake County's annual real average earnings per job growth rate averaged 0.16%. It averaged 0.07% throughout the 1980s, 1.18% in the 1990s, 0.19% in the 2000s, 0.42% throughout the 2010s, 0.84% 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 Lake County noted in the previous graph with the corresponding decade averages for Florida and the nation. As the chart reveals, Lake County's average annual real average earnings per job growth fell below Florida's average in the 1970s (0.16% vs. 0.63%), amounted to less than Florida's average in the 1980s (0.07% vs. 0.97%), amounted to less than Florida's average throughout the 1990s (1.18% vs. 1.42%), fell below Florida's average throughout the 2000s (0.19% vs. 0.43%), amounted to less than Florida's average in the 2010s (0.42% vs. 0.57%), and exceeded Florida's average over the 3 year period of the current decade, 2020-2022 (0.84% vs. 0.24%).
Finally, relative to nationwide real average earnings per job growth trends, Lake County lagged the nation during the 1970s (0.16% vs. 0.89%), fell under the nation throughout the 1980s (0.07% vs. 0.71%), fell under the nation in the 1990s (1.18% vs. 1.68%), recorded underneath the nation during the 2000s (0.19% vs. 0.72%), lagged the nation throughout the 2010s (0.42% vs. 1.01%), and topped the nation over 2020-2022 (0.84% vs. -0.24%).
   
 
Real* Average Earnings Per Job Growth:
Average Annual Percent Change
 
 
 
0.43
0.16
0.07
1.18
0.19
0.42
0.84
-1.50
 
0.77
0.63
0.97
1.42
0.43
0.57
0.24
-2.40
 
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.

   
 
Lake County:
Average Earnings Per Job, 1969-2022
 
1969
 
6,154
0.189
32,591
100.0
N
94.97
85.73
1970
 
5,955
0.198
30,129
92.4
-7.55
86.24
78.40
1971
 
6,318
0.206
30,665
94.1
1.78
85.56
77.98
1972
 
6,830
0.213
32,054
98.4
4.53
86.42
78.59
1973
 
7,397
0.225
32,943
101.1
2.77
87.88
79.23
1974
 
7,843
0.248
31,633
97.1
-3.97
87.11
79.00
1975
 
8,302
0.269
30,907
94.8
-2.30
86.08
77.49
1976
 
9,188
0.283
32,430
99.5
4.93
88.86
79.56
1977
 
9,961
0.302
33,009
101.3
1.79
90.78
80.25
1978
 
10,919
0.323
33,829
103.8
2.48
92.66
81.14
1979
 
11,546
0.351
32,855
100.8
-2.88
90.10
79.25
1980
 
13,310
0.389
34,192
104.9
4.07
95.14
85.01
1981
 
12,934
0.424
30,495
93.6
-10.81
85.49
75.79
1982
 
13,611
0.448
30,401
93.3
-0.31
85.49
75.66
1983
 
14,948
0.467
32,025
98.3
5.34
87.97
79.01
1984
 
14,621
0.484
30,185
92.6
-5.75
82.26
72.45
1985
 
15,033
0.501
29,989
92.0
-0.65
80.86
71.15
1986
 
15,519
0.512
30,299
93.0
1.03
79.89
70.29
1987
 
16,901
0.528
32,008
98.2
5.64
80.10
73.08
1988
 
17,756
0.549
32,364
99.3
1.11
80.09
72.75
1989
 
18,717
0.573
32,688
100.3
1.00
81.55
73.52
1990
 
19,621
0.598
32,825
100.7
0.42
82.08
73.77
1991
 
20,060
0.618
32,474
99.6
-1.07
80.16
72.85
1992
 
21,450
0.634
33,822
103.8
4.15
80.54
73.01
1993
 
21,986
0.650
33,825
103.8
0.01
80.02
73.04
1994
 
22,423
0.664
33,791
103.7
-0.10
79.85
72.54
1995
 
23,276
0.678
34,354
105.4
1.66
80.65
73.65
1996
 
23,958
0.692
34,620
106.2
0.78
80.45
73.02
1997
 
23,966
0.704
34,039
104.4
-1.68
78.50
70.04
1998
 
24,845
0.710
35,009
107.4
2.85
77.71
68.99
1999
 
26,414
0.720
36,686
112.6
4.79
79.53
69.97
2000
 
27,249
0.738
36,911
113.3
0.62
78.38
68.29
2001
 
29,373
0.753
39,007
119.7
5.68
80.29
70.82
2002
 
30,477
0.763
39,948
122.6
2.41
80.43
71.87
2003
 
31,637
0.779
40,616
124.6
1.67
81.12
72.47
2004
 
32,922
0.798
41,242
126.5
1.54
80.99
72.43
2005
 
34,582
0.821
42,108
129.2
2.10
81.87
74.13
2006
 
35,636
0.844
42,203
129.5
0.23
81.77
73.57
2007
 
34,725
0.866
40,095
123.0
-5.00
79.56
70.32
2008
 
34,444
0.892
38,627
118.5
-3.66
79.41
68.48
2009
 
33,085
0.889
37,207
114.2
-3.68
77.45
66.12
2010
 
33,964
0.905
37,524
115.1
0.85
75.85
65.08
2011
 
34,121
0.928
36,766
112.8
-2.02
75.98
63.62
2012
 
35,316
0.945
37,358
114.6
1.61
77.64
64.14
2013
 
35,508
0.958
37,072
113.7
-0.77
77.83
63.59
2014
 
35,987
0.971
37,054
113.7
-0.05
77.27
63.15
2015
 
37,370
0.973
38,408
117.8
3.65
78.49
64.43
2016
 
37,863
0.983
38,524
118.2
0.30
78.04
64.75
2017
 
37,826
1.000
37,826
116.1
-1.81
76.19
62.70
2018
 
38,594
1.020
37,819
116.0
-0.02
76.15
62.15
2019
 
40,105
1.035
38,744
118.9
2.44
76.29
62.26
2020
 
41,922
1.046
40,065
122.9
3.41
77.99
62.22
2021
 
43,937
1.090
40,308
123.7
0.61
76.95
62.39
2022
 
46,072
1.160
39,702
121.8
-1.50
77.66
64.36
Source: Calculations by the Florida Regional Economic Analysis Project (FL-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.

   
 
Florida:
Average Earnings Per Job, 1969-2022
 
1969
 
6,480
0.189
34,317
100.0
N
90.26
1970
 
6,906
0.198
34,937
101.8
1.81
90.91
1971
 
7,385
0.206
35,838
104.4
2.58
91.13
1972
 
7,903
0.213
37,092
108.1
3.50
90.94
1973
 
8,417
0.225
37,484
109.2
1.06
90.15
1974
 
9,003
0.248
36,314
105.8
-3.12
90.69
1975
 
9,644
0.269
35,906
104.6
-1.12
90.03
1976
 
10,340
0.283
36,494
106.3
1.64
89.53
1977
 
10,973
0.302
36,363
106.0
-0.36
88.41
1978
 
11,784
0.323
36,510
106.4
0.40
87.57
1979
 
12,815
0.351
36,466
106.3
-0.12
87.97
1980
 
13,991
0.389
35,941
104.7
-1.44
89.36
1981
 
15,130
0.424
35,671
103.9
-0.75
88.65
1982
 
15,920
0.448
35,559
103.6
-0.31
88.50
1983
 
16,992
0.467
36,405
106.1
2.38
89.81
1984
 
17,775
0.484
36,696
106.9
0.80
88.08
1985
 
18,591
0.501
37,087
108.1
1.06
87.98
1986
 
19,426
0.512
37,928
110.5
2.27
87.99
1987
 
21,100
0.528
39,960
116.4
5.36
91.24
1988
 
22,170
0.549
40,409
117.8
1.12
90.83
1989
 
22,952
0.573
40,083
116.8
-0.81
90.15
1990
 
23,906
0.598
39,994
116.5
-0.22
89.88
1991
 
25,024
0.618
40,510
118.0
1.29
90.88
1992
 
26,633
0.634
41,994
122.4
3.66
90.66
1993
 
27,477
0.650
42,272
123.2
0.66
91.28
1994
 
28,080
0.664
42,317
123.3
0.11
90.85
1995
 
28,861
0.678
42,596
124.1
0.66
91.32
1996
 
29,781
0.692
43,034
125.4
1.03
90.77
1997
 
30,528
0.704
43,360
126.4
0.76
89.22
1998
 
31,972
0.710
45,052
131.3
3.90
88.78
1999
 
33,214
0.720
46,130
134.4
2.39
87.98
2000
 
34,764
0.738
47,092
137.2
2.09
87.12
2001
 
36,582
0.753
48,580
141.6
3.16
88.20
2002
 
37,890
0.763
49,665
144.7
2.23
89.35
2003
 
39,002
0.779
50,070
145.9
0.82
89.34
2004
 
40,651
0.798
50,924
148.4
1.70
89.43
2005
 
42,238
0.821
51,430
149.9
0.99
90.55
2006
 
43,580
0.844
51,610
150.4
0.35
89.96
2007
 
43,643
0.866
50,392
146.8
-2.36
88.38
2008
 
43,375
0.892
48,643
141.7
-3.47
86.24
2009
 
42,719
0.889
48,041
140.0
-1.24
85.37
2010
 
44,776
0.905
49,469
144.2
2.97
85.79
2011
 
44,905
0.928
48,387
141.0
-2.19
83.73
2012
 
45,488
0.945
48,118
140.2
-0.56
82.61
2013
 
45,621
0.958
47,631
138.8
-1.01
81.70
2014
 
46,576
0.971
47,956
139.7
0.68
81.73
2015
 
47,609
0.973
48,930
142.6
2.03
82.08
2016
 
48,515
0.983
49,362
143.8
0.88
82.96
2017
 
49,647
1.000
49,647
144.7
0.58
82.29
2018
 
50,681
1.020
49,664
144.7
0.03
81.61
2019
 
52,572
1.035
50,788
148.0
2.26
81.61
2020
 
53,752
1.046
51,371
149.7
1.15
79.78
2021
 
57,096
1.090
52,381
152.6
1.97
81.08
2022
 
59,326
1.160
51,124
149.0
-2.40
82.87
Source: Calculations by the Florida Regional Economic Analysis Project (FL-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 Florida Regional Economic Analysis Project (FL-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, FL-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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