Levy County vs. Florida
Comparative Trends Analysis:
Average Earnings Per Job Growth and Change, 1969-2022
Introduction
Levy County vs. Florida
Levy County:
2022 Avg. Earnings = $39,753
2022 Percent of State = 67.01%
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 Levy County with comparisons to Florida and the nation is an important first step in understanding the economic forces at play in Levy 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.
Levy County Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Levy County Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Levy 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 Levy County over time.
When measured in current dollars, Levy County's average earnings per job increased 578.54%, from $5,859 in 1970 to $39,753 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 15.58%, from $29,640 in 1970 to $34,257 in 2022.
Real Average Earnings Per Job, 1969-2022
Real Average Earnings Per Job, 1969-2022
Figure 2.
Figure 2 tracks Levy 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, Levy County's real average earnings per job rose from $27,760 in 1969 to $34,257 in 2022, for a net gain of $6,497, or 23.41%. In comparison, Florida's real average earnings per job advanced from $34,317 in 1969 to $51,124 in 2022, for a net gain 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 shows Levy 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.
Levy County's overall real average earnings per job growth was 23.41% 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 displays the trends for average earnings per job relative to the national average by tracing Levy County and Florida average earnings per job as a percent of the national average over 1969-2022.
In 1969, Levy County's average earnings per job amounted to 73.02% of the national average; in 2022, it approximated 55.53%. Similarly, in 1969, Florida's average earnings per job totaled 90.26% of the national average; in 2022, it consisted of 82.87%.
Levy County Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Levy County Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Levy 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 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, Levy County's real average earnings per job grew at an annual rate of 0.51% over 1970-2022. The county recorded its highest growth in 2001 (13.47%) and posted its lowest growth in 1975 (-10.46%). In 2022, Levy County's real average earnings per job declined by -3.95%
Levy County Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2022
Levy 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 traces the annual percent change in Levy County's real average earnings per job 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, Levy County's annual real average earnings per job growth rate averaged 1.25%. It averaged -0.87% in the 1980s, 2.09% in the 1990s, -0.69% throughout the 2000s, 1.11% in the 2010s, -0.70% 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 Levy County noted in the previous graph with the corresponding decade averages for Florida and the nation. As the chart reveals, Levy County's average annual real average earnings per job growth led Florida's average in the 1970s (1.25% vs. 0.63%), trailed Florida's average during the 1980s (-0.87% vs. 0.97%), led Florida's average throughout the 1990s (2.09% vs. 1.42%), trailed Florida's average during the 2000s (-0.69% vs. 0.43%), surpassed Florida's average during the 2010s (1.11% vs. 0.57%), and fell below Florida's average over the 3 year period of the current decade, 2020-2022 (-0.70% vs. 0.24%).
Finally, relative to nationwide real average earnings per job growth trends, Levy County outgained the nation during the 1970s (1.25% vs. 0.89%), recorded underneath the nation over the 1980s (-0.87% vs. 0.71%), outgained the nation over the 1990s (2.09% vs. 1.68%), fell below the nation throughout the 2000s (-0.69% vs. 0.72%), exceeded the nation during the 2010s (1.11% vs. 1.01%), and recorded underneath the nation over 2020-2022 (-0.70% vs. -0.24%).
   
 
Real* Average Earnings Per Job Growth:
Average Annual Percent Change
 
 
 
0.51
1.25
-0.87
2.09
-0.69
1.11
-0.70
-3.95
 
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.

   
 
Levy County:
Average Earnings Per Job, 1969-2022
 
1969
 
5,242
0.189
27,760
100.0
N
80.89
73.02
1970
 
5,859
0.198
29,640
106.8
6.77
84.84
77.13
1971
 
6,091
0.206
29,561
106.5
-0.27
82.48
75.17
1972
 
6,575
0.213
30,856
111.2
4.38
83.19
75.65
1973
 
7,626
0.225
33,961
122.3
10.06
90.60
81.68
1974
 
7,583
0.248
30,585
110.2
-9.94
84.23
76.38
1975
 
7,356
0.269
27,385
98.7
-10.46
76.27
68.66
1976
 
8,042
0.283
28,382
102.2
3.64
77.77
69.63
1977
 
8,473
0.302
28,078
101.1
-1.07
77.22
68.26
1978
 
9,434
0.323
29,230
105.3
4.10
80.06
70.11
1979
 
10,819
0.351
30,785
110.9
5.32
84.42
74.26
1980
 
11,269
0.389
28,948
104.3
-5.97
80.54
71.97
1981
 
12,054
0.424
28,418
102.4
-1.83
79.67
70.63
1982
 
12,287
0.448
27,444
98.9
-3.43
77.18
68.30
1983
 
12,212
0.467
26,163
94.2
-4.67
71.87
64.54
1984
 
12,761
0.484
26,345
94.9
0.70
71.79
63.23
1985
 
13,031
0.501
25,995
93.6
-1.33
70.09
61.67
1986
 
13,550
0.512
26,455
95.3
1.77
69.75
61.38
1987
 
14,162
0.528
26,821
96.6
1.38
67.12
61.24
1988
 
15,489
0.549
28,231
101.7
5.26
69.86
63.46
1989
 
16,072
0.573
28,068
101.1
-0.58
70.02
63.13
1990
 
16,891
0.598
28,258
101.8
0.68
70.66
63.50
1991
 
17,693
0.618
28,642
103.2
1.36
70.70
64.25
1992
 
19,509
0.634
30,761
110.8
7.40
73.25
66.41
1993
 
20,132
0.650
30,973
111.6
0.69
73.27
66.88
1994
 
20,342
0.664
30,656
110.4
-1.02
72.44
65.81
1995
 
20,647
0.678
30,473
109.8
-0.60
71.54
65.33
1996
 
21,488
0.692
31,050
111.9
1.89
72.15
65.49
1997
 
22,068
0.704
31,343
112.9
0.94
72.29
64.49
1998
 
22,990
0.710
32,395
116.7
3.36
71.91
63.84
1999
 
24,760
0.720
34,389
123.9
6.16
74.55
65.59
2000
 
23,735
0.738
32,152
115.8
-6.51
68.27
59.48
2001
 
27,472
0.753
36,482
131.4
13.47
75.10
66.23
2002
 
27,210
0.763
35,666
128.5
-2.24
71.81
64.17
2003
 
28,555
0.779
36,659
132.1
2.78
73.21
65.41
2004
 
29,427
0.798
36,864
132.8
0.56
72.39
64.74
2005
 
29,887
0.821
36,391
131.1
-1.28
70.76
64.07
2006
 
29,860
0.844
35,363
127.4
-2.82
68.52
61.64
2007
 
28,611
0.866
33,035
119.0
-6.58
65.56
57.94
2008
 
28,627
0.892
32,104
115.6
-2.82
66.00
56.92
2009
 
28,138
0.889
31,644
114.0
-1.43
65.87
56.23
2010
 
30,161
0.905
33,322
120.0
5.30
67.36
57.79
2011
 
29,346
0.928
31,622
113.9
-5.10
65.35
54.72
2012
 
31,574
0.945
33,400
120.3
5.62
69.41
57.34
2013
 
30,998
0.958
32,364
116.6
-3.10
67.95
55.52
2014
 
32,569
0.971
33,535
120.8
3.62
69.93
57.15
2015
 
34,667
0.973
35,630
128.3
6.25
72.82
59.77
2016
 
35,055
0.983
35,667
128.5
0.11
72.26
59.94
2017
 
37,011
1.000
37,011
133.3
3.77
74.55
61.35
2018
 
35,492
1.020
34,780
125.3
-6.03
70.03
57.15
2019
 
36,252
1.035
35,022
126.2
0.70
68.96
56.28
2020
 
37,287
1.046
35,635
128.4
1.75
69.37
55.34
2021
 
38,875
1.090
35,665
128.5
0.08
68.09
55.20
2022
 
39,753
1.160
34,257
123.4
-3.95
67.01
55.53
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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