St. Joseph County vs. Michigan
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
St. Joseph County vs. Michigan
St. Joseph County:
2022 Earnings = $1,548,393K
2022 Percent of State = 0.40%
Michigan:
2022 Earnings = $386,966,216K
2022 Percent of U.S. = 2.54%
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.
St. Joseph County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
St. Joseph County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts St. Joseph 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 St. Joseph County over time.
When measured in current dollars, St. Joseph County's total industry earnings increased 944.81%, from $148M in 1970 to $1,548M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 77.97%, from $750M in 1970 to $1,334M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces St. Joseph County's and Michigan'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, St. Joseph County's real total industry earnings rose from $771M in 1969 to $1,334M in 2022, for a net gain of $563M, or 73.06%. In comparison, Michigan's real total industry earnings increased from $164,452M in 1969 to $333,468M in 2022, for a net advance of $169,016M, or 102.77%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows St. Joseph County's real total industry earnings growth in a broader context by offering direct comparisons across time with Michigan, 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.
St. Joseph County's overall real total industry earnings growth was 73.06% over 1969-2022 trailed Michigan's increase of 102.77%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Michigan Total: 1969-2022
Total Industry Earnings as a Percent of the Michigan Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of St. Joseph County is to compare its individual percentage contributions to Michigan'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 Michigan's total industry earnings, while a declining share shows it grew more slowly.
In 1969, St. Joseph County's total industry earnings totaled 0.47% of Michigan's total industry earnings, while in 2022 it equated to 0.40% thereby yielding a -0.07% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.07%
=
0.40%
-
0.47%
 
   
St. Joseph County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
St. Joseph County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of St. Joseph 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 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, St. Joseph County's real total industry earnings grew at an annual rate of 1.21% over 1970-2022. The county posted its highest growth in 1986 (24.29%) and recorded its lowest growth in 2009 (-12.01%). In 2022, St. Joseph County's real total industry earnings grew by 0.85%
St. Joseph County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
St. Joseph 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 traces the annual percent change in St. Joseph 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, St. Joseph County's annual real total industry earnings growth rate averaged 2.28%. It averaged 1.88% in the 1980s, 2.79% in the 1990s, -1.94% in the 2000s, 0.78% in the 2010s, 2.15% 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 St. Joseph County noted in the previous graph with the corresponding decade averages for Michigan and the nation. As the chart reveals, St. Joseph County's average annual real total industry earnings growth trailed Michigan's average during the 1970s (2.28% vs. 2.52%), topped Michigan's average throughout the 1980s (1.88% vs. 1.02%), recorded under Michigan's average in the 1990s (2.79% vs. 3.08%), lagged Michigan's average throughout the 2000s (-1.94% vs. -1.54%), recorded under Michigan's average in the 2010s (0.78% vs. 2.19%), and outgained Michigan's average over the 3 year period of the current decade, 2020-2022 (2.15% vs. 0.91%).
Finally, relative to nationwide real total industry earnings growth trends, St. Joseph County fell under the nation over the 1970s (2.28% vs. 3.13%), posted below the nation throughout the 1980s (1.88% vs. 2.62%), posted below the nation throughout the 1990s (2.79% vs. 3.43%), fell below the nation in the 2000s (-1.94% vs. 1.47%), posted below the nation throughout the 2010s (0.78% vs. 2.53%), and led the nation over 2020-2022 (2.15% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.21
2.28
1.88
2.79
-1.94
0.78
2.15
0.85
 
1.42
2.52
1.02
3.08
-1.54
2.19
0.91
0.51
 
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.

   
 
St. Joseph County:
Total Industry Earnings, 1969-2022
 
1969
 
145,591
0.189
771,016
100.0
N
0.47
1970
 
148,199
0.198
749,767
97.2
-2.76
0.47
1971
 
154,675
0.206
750,667
97.4
0.12
0.46
1972
 
176,565
0.213
828,632
107.5
10.39
0.47
1973
 
205,505
0.225
915,186
118.7
10.45
0.48
1974
 
201,743
0.248
813,710
105.5
-11.09
0.45
1975
 
213,276
0.269
794,028
103.0
-2.42
0.47
1976
 
239,808
0.283
846,391
109.8
6.59
0.46
1977
 
269,948
0.302
894,578
116.0
5.69
0.45
1978
 
303,275
0.323
939,630
121.9
5.04
0.45
1979
 
332,721
0.351
946,763
122.8
0.76
0.46
1980
 
350,752
0.389
901,028
116.9
-4.83
0.48
1981
 
366,226
0.424
863,435
112.0
-4.17
0.47
1982
 
358,905
0.448
801,646
104.0
-7.16
0.47
1983
 
375,163
0.467
803,760
104.2
0.26
0.46
1984
 
427,744
0.484
883,057
114.5
9.87
0.46
1985
 
459,315
0.501
916,284
118.8
3.76
0.45
1986
 
583,309
0.512
1,138,853
147.7
24.29
0.54
1987
 
586,041
0.528
1,109,884
144.0
-2.54
0.52
1988
 
596,081
0.549
1,086,450
140.9
-2.11
0.49
1989
 
630,792
0.573
1,101,608
142.9
1.40
0.49
1990
 
619,280
0.598
1,036,018
134.4
-5.95
0.46
1991
 
616,542
0.618
998,061
129.4
-3.66
0.45
1992
 
690,880
0.634
1,089,372
141.3
9.15
0.47
1993
 
761,927
0.650
1,172,195
152.0
7.60
0.49
1994
 
840,837
0.664
1,267,160
164.3
8.10
0.50
1995
 
895,650
0.678
1,321,915
171.5
4.32
0.51
1996
 
907,759
0.692
1,311,734
170.1
-0.77
0.49
1997
 
952,756
0.704
1,353,212
175.5
3.16
0.49
1998
 
945,233
0.710
1,331,933
172.8
-1.57
0.46
1999
 
1,030,925
0.720
1,431,820
185.7
7.50
0.47
2000
 
1,079,517
0.738
1,462,324
189.7
2.13
0.46
2001
 
1,032,263
0.753
1,370,831
177.8
-6.26
0.43
2002
 
1,061,632
0.763
1,391,556
180.5
1.51
0.45
2003
 
1,068,958
0.779
1,372,324
178.0
-1.38
0.44
2004
 
1,137,537
0.798
1,425,003
184.8
3.84
0.46
2005
 
1,142,341
0.821
1,390,945
180.4
-2.39
0.45
2006
 
1,201,382
0.844
1,422,764
184.5
2.29
0.47
2007
 
1,224,705
0.866
1,414,095
183.4
-0.61
0.48
2008
 
1,178,838
0.892
1,322,012
171.5
-6.51
0.47
2009
 
1,034,390
0.889
1,163,269
150.9
-12.01
0.44
2010
 
1,097,865
0.905
1,212,923
157.3
4.27
0.46
2011
 
1,143,420
0.928
1,232,081
159.8
1.58
0.45
2012
 
1,164,198
0.945
1,231,512
159.7
-0.05
0.44
2013
 
1,218,557
0.958
1,272,232
165.0
3.31
0.45
2014
 
1,221,952
0.971
1,258,175
163.2
-1.10
0.44
2015
 
1,296,065
0.973
1,332,043
172.8
5.87
0.44
2016
 
1,313,780
0.983
1,336,718
173.4
0.35
0.44
2017
 
1,308,531
1.000
1,308,531
169.7
-2.11
0.42
2018
 
1,309,976
1.020
1,283,699
166.5
-1.90
0.40
2019
 
1,296,052
1.035
1,252,067
162.4
-2.46
0.39
2020
 
1,339,249
1.046
1,279,924
166.0
2.22
0.40
2021
 
1,442,123
1.090
1,323,036
171.6
3.37
0.40
2022
 
1,548,393
1.160
1,334,327
173.1
0.85
0.40
Source: Calculations by the Michigan Regional Economic Analysis Project (MI-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.

   
 
Michigan:
Total Industry Earnings, 1969-2022
 
1969
 
31,053,554
0.189
164,452,439
100.0
N
4.75
1970
 
31,215,857
0.198
157,927,031
96.0
-3.97
4.50
1971
 
33,780,971
0.206
163,945,504
99.7
3.81
4.55
1972
 
37,815,703
0.213
177,471,856
107.9
8.25
4.61
1973
 
42,744,540
0.225
190,356,446
115.8
7.26
4.65
1974
 
44,449,729
0.248
179,283,382
109.0
-5.82
4.47
1975
 
45,628,575
0.269
169,875,558
103.3
-5.25
4.31
1976
 
52,169,065
0.283
184,128,278
112.0
8.39
4.45
1977
 
59,680,666
0.302
197,775,272
120.3
7.41
4.58
1978
 
67,245,392
0.323
208,344,875
126.7
5.34
4.56
1979
 
73,059,701
0.351
207,892,613
126.4
-0.22
4.43
1980
 
73,724,958
0.389
189,387,993
115.2
-8.90
4.13
1981
 
77,683,770
0.424
183,151,644
111.4
-3.29
3.96
1982
 
77,086,747
0.448
172,180,088
104.7
-5.99
3.75
1983
 
82,152,288
0.467
176,005,416
107.0
2.22
3.75
1984
 
92,105,831
0.484
190,148,085
115.6
8.04
3.79
1985
 
101,661,226
0.501
202,803,276
123.3
6.66
3.89
1986
 
108,879,441
0.512
212,576,272
129.3
4.82
3.91
1987
 
113,472,437
0.528
214,901,778
130.7
1.09
3.79
1988
 
122,203,943
0.549
222,735,702
135.4
3.65
3.75
1989
 
129,956,424
0.573
226,954,514
138.0
1.89
3.75
1990
 
135,296,923
0.598
226,343,660
137.6
-0.27
3.68
1991
 
137,453,224
0.618
222,509,833
135.3
-1.69
3.63
1992
 
146,873,075
0.634
231,587,945
140.8
4.08
3.62
1993
 
154,813,193
0.650
238,174,143
144.8
2.84
3.65
1994
 
166,532,317
0.664
250,967,986
152.6
5.37
3.74
1995
 
175,984,730
0.678
259,740,724
157.9
3.50
3.76
1996
 
184,289,237
0.692
266,302,381
161.9
2.53
3.72
1997
 
193,514,989
0.704
274,851,917
167.1
3.21
3.66
1998
 
207,438,191
0.710
292,302,325
177.7
6.35
3.63
1999
 
220,800,626
0.720
306,663,277
186.5
4.91
3.62
2000
 
235,948,679
0.738
319,618,378
194.4
4.22
3.58
2001
 
237,795,063
0.753
315,788,509
192.0
-1.20
3.46
2002
 
238,158,348
0.763
312,170,961
189.8
-1.15
3.40
2003
 
242,084,240
0.779
310,786,762
189.0
-0.44
3.34
2004
 
248,046,013
0.798
310,729,469
188.9
-0.02
3.23
2005
 
251,126,209
0.821
305,777,892
185.9
-1.59
3.12
2006
 
253,364,049
0.844
300,052,166
182.5
-1.87
2.97
2007
 
254,886,680
0.866
294,302,631
179.0
-1.92
2.87
2008
 
251,958,061
0.892
282,559,225
171.8
-3.99
2.80
2009
 
232,668,356
0.889
261,657,377
159.1
-7.40
2.68
2010
 
240,545,864
0.905
265,755,423
161.6
1.57
2.67
2011
 
252,855,942
0.928
272,462,331
165.7
2.52
2.68
2012
 
263,096,110
0.945
278,308,450
169.2
2.15
2.67
2013
 
270,267,697
0.958
282,172,557
171.6
1.39
2.65
2014
 
279,281,366
0.971
287,560,225
174.9
1.91
2.63
2015
 
293,230,685
0.973
301,370,708
183.3
4.80
2.66
2016
 
301,868,841
0.983
307,139,352
186.8
1.91
2.67
2017
 
315,061,119
1.000
315,061,119
191.6
2.58
2.66
2018
 
327,196,444
1.020
320,633,085
195.0
1.77
2.63
2019
 
336,115,311
1.035
324,708,308
197.4
1.27
2.59
2020
 
335,469,252
1.046
320,609,024
195.0
-1.26
2.55
2021
 
361,633,316
1.090
331,770,641
201.7
3.48
2.53
2022
 
386,966,216
1.160
333,467,952
202.8
0.51
2.54
Source: Calculations by the Michigan Regional Economic Analysis Project (MI-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 Michigan Regional Economic Analysis Project (MI-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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