Converse County vs. Wyoming
Comparative Trends Analysis:
Average Earnings Per Job Growth and Change, 1969-2022
Introduction
Converse County vs. Wyoming
Converse County:
2022 Avg. Earnings = $67,172
2022 Percent of State = 117.81%
Wyoming:
2022 Avg. Earnings = $57,017
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 Converse County with comparisons to Wyoming and the nation is an important first step in understanding the economic forces at play in Converse 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.
Converse County Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Converse County Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Converse 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 Converse County over time.
When measured in current dollars, Converse County's average earnings per job increased 914.41%, from $6,622 in 1970 to $67,172 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 72.79%, from $33,501 in 1970 to $57,885 in 2022.
Real Average Earnings Per Job, 1969-2022
Real Average Earnings Per Job, 1969-2022
Figure 2.
Figure 2 traces Converse County's and Wyoming'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, Converse County's real average earnings per job rose from $33,925 in 1969 to $57,885 in 2022, for a net gain of $23,960, or 70.63%. In comparison, Wyoming's real average earnings per job increased from $32,879 in 1969 to $49,134 in 2022, for a net advance of $16,255, or 49.44%.
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 Converse County's real average earnings per job growth in a broader context by offering direct comparisons across time with Wyoming, 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.
Converse County's overall real average earnings per job growth was 70.63% over 1969-2022 outpaced Wyoming's increase of 49.44%, and topped 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 Converse County and Wyoming average earnings per job as a percent of the national average over 1969-2022.
In 1969, Converse County's average earnings per job amounted to 89.23% of the national average; in 2022, it approximated 93.83%. Similarly, in 1969, Wyoming's average earnings per job totaled 86.48% of the national average; in 2022, it consisted of 79.65%.
Converse County Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Converse County Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Converse 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, Converse County's real average earnings per job grew at an annual rate of 1.17% over 1970-2022. The county recorded its highest growth in 1971 (16.89%) and recorded its lowest growth in 1987 (-10.68%). In 2022, Converse County's real average earnings per job declined by -5.50%
Converse County Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2022
Converse 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 illustrates the annual percent change in Converse 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, Converse County's annual real average earnings per job growth rate averaged 3.35%. It averaged -2.23% throughout the 1980s, 1.25% throughout the 1990s, 2.79% in the 2000s, 2.12% during the 2010s, -3.71% 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 Converse County noted in the previous graph with the corresponding decade averages for Wyoming and the nation. As the chart reveals, Converse County's average annual real average earnings per job growth outpaced Wyoming's average during the 1970s (3.35% vs. 2.72%), posted below Wyoming's average throughout the 1980s (-2.23% vs. -1.65%), registered above Wyoming's average during the 1990s (1.25% vs. 1.10%), led Wyoming's average during the 2000s (2.79% vs. 2.35%), outpaced Wyoming's average in the 2010s (2.12% vs. 0.59%), and amounted to less than Wyoming's average over the 3 year period of the current decade, 2020-2022 (-3.71% vs. -2.82%).
Finally, relative to nationwide real average earnings per job growth trends, Converse County outpaced the nation throughout the 1970s (3.35% vs. 0.89%), fell below the nation over the 1980s (-2.23% vs. 0.71%), recorded underneath the nation in the 1990s (1.25% vs. 1.68%), topped the nation throughout the 2000s (2.79% vs. 0.72%), topped the nation over the 2010s (2.12% vs. 1.01%), and fell under the nation over 2020-2022 (-3.71% vs. -0.24%).
   
 
Real* Average Earnings Per Job Growth:
Average Annual Percent Change
 
 
 
1.17
3.35
-2.23
1.25
2.79
2.12
-3.71
-5.50
 
0.80
2.72
-1.65
1.10
2.35
0.59
-2.82
-5.16
 
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.

   
 
Converse County:
Average Earnings Per Job, 1969-2022
 
1969
 
6,406
0.189
33,925
100.0
N
103.18
89.23
1970
 
6,622
0.198
33,501
98.8
-1.25
98.63
87.17
1971
 
8,069
0.206
39,160
115.4
16.89
112.63
99.58
1972
 
9,261
0.213
43,463
128.1
10.99
118.05
106.56
1973
 
8,851
0.225
39,416
116.2
-9.31
101.12
94.80
1974
 
9,384
0.248
37,849
111.6
-3.97
96.62
94.52
1975
 
10,446
0.269
38,891
114.6
2.75
99.63
97.51
1976
 
11,645
0.283
41,102
121.2
5.69
105.23
100.83
1977
 
13,020
0.302
43,146
127.2
4.97
107.07
104.90
1978
 
14,405
0.323
44,630
131.6
3.44
105.97
107.04
1979
 
16,210
0.351
46,126
136.0
3.35
107.53
111.27
1980
 
18,842
0.389
48,402
142.7
4.93
113.69
120.34
1981
 
19,567
0.424
46,132
136.0
-4.69
108.98
114.65
1982
 
19,104
0.448
42,671
125.8
-7.50
103.92
106.20
1983
 
18,758
0.467
40,187
118.5
-5.82
102.55
99.14
1984
 
19,006
0.484
39,236
115.7
-2.37
100.73
94.17
1985
 
20,083
0.501
40,063
118.1
2.11
102.26
95.04
1986
 
21,703
0.512
42,373
124.9
5.77
107.60
98.30
1987
 
19,985
0.528
37,850
111.6
-10.68
103.09
86.42
1988
 
19,724
0.549
35,950
106.0
-5.02
101.89
80.81
1989
 
20,789
0.573
36,306
107.0
0.99
100.32
81.65
1990
 
21,172
0.598
35,420
104.4
-2.44
96.29
79.60
1991
 
22,283
0.618
36,071
106.3
1.84
99.45
80.92
1992
 
23,283
0.634
36,712
108.2
1.78
99.50
79.25
1993
 
24,113
0.650
37,097
109.4
1.05
98.66
80.11
1994
 
23,833
0.664
35,916
105.9
-3.18
98.57
77.11
1995
 
23,717
0.678
35,005
103.2
-2.54
96.79
75.04
1996
 
24,356
0.692
35,195
103.7
0.54
97.15
74.23
1997
 
26,755
0.704
38,001
112.0
7.97
100.38
78.19
1998
 
27,617
0.710
38,915
114.7
2.40
100.40
76.69
1999
 
29,447
0.720
40,899
120.6
5.10
101.53
78.00
2000
 
29,501
0.738
39,963
117.8
-2.29
98.09
73.93
2001
 
31,651
0.753
42,032
123.9
5.18
99.27
76.31
2002
 
32,018
0.763
41,969
123.7
-0.15
97.37
75.50
2003
 
34,555
0.779
44,362
130.8
5.70
100.83
79.15
2004
 
35,897
0.798
44,968
132.6
1.37
102.24
78.97
2005
 
37,865
0.821
46,105
135.9
2.53
103.11
81.17
2006
 
40,651
0.844
48,142
141.9
4.42
100.06
83.92
2007
 
41,662
0.866
48,105
141.8
-0.08
99.14
84.37
2008
 
47,435
0.892
53,196
156.8
10.58
104.02
94.31
2009
 
47,609
0.889
53,541
157.8
0.65
105.69
95.14
2010
 
48,172
0.905
53,220
156.9
-0.60
101.22
92.30
2011
 
51,594
0.928
55,595
163.9
4.46
103.42
96.20
2012
 
52,272
0.945
55,295
163.0
-0.54
102.70
94.94
2013
 
55,015
0.958
57,438
169.3
3.88
105.82
98.53
2014
 
57,164
0.971
58,859
173.5
2.47
105.97
100.30
2015
 
58,032
0.973
59,643
175.8
1.33
108.07
100.05
2016
 
53,259
0.983
54,189
159.7
-9.15
104.11
91.07
2017
 
52,972
1.000
52,972
156.1
-2.24
100.88
87.81
2018
 
57,341
1.020
56,191
165.6
6.08
104.95
92.33
2019
 
67,187
1.035
64,907
191.3
15.51
121.16
104.30
2020
 
67,942
1.046
64,932
191.4
0.04
121.61
100.84
2021
 
66,771
1.090
61,257
180.6
-5.66
118.24
94.82
2022
 
67,172
1.160
57,885
170.6
-5.50
117.81
93.83
Source: Calculations by the Wyoming Regional Economic Analysis Project (WY-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.

   
 
Wyoming:
Average Earnings Per Job, 1969-2022
 
1969
 
6,209
0.189
32,879
100.0
N
86.48
1970
 
6,714
0.198
33,965
103.3
3.30
88.38
1971
 
7,164
0.206
34,769
105.7
2.37
88.41
1972
 
7,845
0.213
36,817
112.0
5.89
90.27
1973
 
8,753
0.225
38,981
118.6
5.88
93.75
1974
 
9,713
0.248
39,175
119.1
0.50
97.83
1975
 
10,485
0.269
39,034
118.7
-0.36
97.87
1976
 
11,067
0.283
39,060
118.8
0.07
95.83
1977
 
12,160
0.302
40,297
122.6
3.17
97.97
1978
 
13,593
0.323
42,115
128.1
4.51
101.01
1979
 
15,075
0.351
42,897
130.5
1.86
103.48
1980
 
16,573
0.389
42,573
129.5
-0.76
105.85
1981
 
17,955
0.424
42,332
128.8
-0.56
105.21
1982
 
18,383
0.448
41,060
124.9
-3.00
102.19
1983
 
18,290
0.467
39,186
119.2
-4.57
96.67
1984
 
18,868
0.484
38,953
118.5
-0.59
93.50
1985
 
19,638
0.501
39,176
119.2
0.57
92.94
1986
 
20,170
0.512
39,381
119.8
0.52
91.36
1987
 
19,387
0.528
36,716
111.7
-6.77
83.83
1988
 
19,358
0.549
35,283
107.3
-3.90
79.31
1989
 
20,723
0.573
36,190
110.1
2.57
81.40
1990
 
21,988
0.598
36,784
111.9
1.64
82.66
1991
 
22,406
0.618
36,271
110.3
-1.39
81.37
1992
 
23,400
0.634
36,896
112.2
1.72
79.65
1993
 
24,441
0.650
37,602
114.4
1.91
81.20
1994
 
24,178
0.664
36,436
110.8
-3.10
78.22
1995
 
24,505
0.678
36,168
110.0
-0.74
77.54
1996
 
25,070
0.692
36,227
110.2
0.16
76.41
1997
 
26,654
0.704
37,857
115.1
4.50
77.89
1998
 
27,507
0.710
38,760
117.9
2.39
76.39
1999
 
29,002
0.720
40,281
122.5
3.92
76.82
2000
 
30,074
0.738
40,739
123.9
1.14
75.37
2001
 
31,884
0.753
42,341
128.8
3.93
76.87
2002
 
32,884
0.763
43,103
131.1
1.80
77.55
2003
 
34,270
0.779
43,996
133.8
2.07
78.50
2004
 
35,110
0.798
43,982
133.8
-0.03
77.24
2005
 
36,721
0.821
44,713
136.0
1.66
78.72
2006
 
40,626
0.844
48,112
146.3
7.60
83.87
2007
 
42,024
0.866
48,522
147.6
0.85
85.10
2008
 
45,603
0.892
51,141
155.5
5.40
90.67
2009
 
45,046
0.889
50,659
154.1
-0.94
90.02
2010
 
47,590
0.905
52,577
159.9
3.79
91.18
2011
 
49,889
0.928
53,758
163.5
2.24
93.02
2012
 
50,899
0.945
53,842
163.8
0.16
92.44
2013
 
51,988
0.958
54,278
165.1
0.81
93.11
2014
 
53,943
0.971
55,542
168.9
2.33
94.65
2015
 
53,699
0.973
55,189
167.9
-0.64
92.58
2016
 
51,154
0.983
52,047
158.3
-5.69
87.47
2017
 
52,510
1.000
52,510
159.7
0.89
87.04
2018
 
54,635
1.020
53,539
162.8
1.96
87.98
2019
 
55,452
1.035
53,570
162.9
0.06
86.08
2020
 
55,871
1.046
53,396
162.4
-0.32
82.92
2021
 
56,469
1.090
51,806
157.6
-2.98
80.19
2022
 
57,017
1.160
49,134
149.4
-5.16
79.65
Source: Calculations by the Wyoming Regional Economic Analysis Project (WY-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 Wyoming Regional Economic Analysis Project (WY-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, WY-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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