Tuscola County vs. Michigan
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Tuscola County vs. Michigan
Tuscola County:
2022 Earnings = $902,332K
2022 Percent of State = 0.23%
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.
Tuscola County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Tuscola County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Tuscola 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 Tuscola County over time.
When measured in current dollars, Tuscola County's total industry earnings increased 954.06%, from $86M in 1970 to $902M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 79.54%, from $433M in 1970 to $778M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Tuscola 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, Tuscola County's real total industry earnings rose from $441M in 1969 to $778M in 2022, for a net gain of $337M, or 76.43%. In comparison, Michigan's real total industry earnings advanced 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 portrays Tuscola 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.
Tuscola County's overall real total industry earnings growth was 76.43% 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 Tuscola County is to trace 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, Tuscola County's total industry earnings comprised 0.27% of Michigan's total industry earnings, while in 2022 it comprised 0.23% thereby yielding a -0.03% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.03%
=
0.23%
-
0.27%
 
   
Tuscola County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Tuscola County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Tuscola 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, Tuscola County's real total industry earnings grew at an annual rate of 1.31% over 1970-2022. The county recorded its highest growth in 1972 (16.07%) and recorded its lowest growth in 1975 (-17.75%). In 2022, Tuscola County's real total industry earnings declined by -0.49%
Tuscola County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Tuscola 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 Tuscola County's real total industry earnings 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, Tuscola County's annual real total industry earnings growth rate averaged 3.61%. It averaged -0.22% throughout the 1980s, 3.34% in the 1990s, -1.22% in the 2000s, 0.81% in the 2010s, 2.12% 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 Tuscola County noted in the previous graph with the corresponding decade averages for Michigan and the nation. As the chart reveals, Tuscola County's average annual real total industry earnings growth surpassed Michigan's average during the 1970s (3.61% vs. 2.52%), recorded under Michigan's average throughout the 1980s (-0.22% vs. 1.02%), surpassed Michigan's average throughout the 1990s (3.34% vs. 3.08%), recorded above Michigan's average during the 2000s (-1.22% vs. -1.54%), fell below Michigan's average in the 2010s (0.81% vs. 2.19%), and outpaced Michigan's average over the 3 year period of the current decade, 2020-2022 (2.12% vs. 0.91%).
Finally, relative to nationwide real total industry earnings growth trends, Tuscola County surpassed the nation in the 1970s (3.61% vs. 3.13%), recorded underneath the nation during the 1980s (-0.22% vs. 2.62%), fell below the nation during the 1990s (3.34% vs. 3.43%), posted below the nation throughout the 2000s (-1.22% vs. 1.47%), fell below the nation in the 2010s (0.81% vs. 2.53%), and outgained the nation over 2020-2022 (2.12% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.31
3.61
-0.22
3.34
-1.22
0.81
2.12
-0.49
 
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.

   
 
Tuscola County:
Total Industry Earnings, 1969-2022
 
1969
 
83,225
0.189
440,740
100.0
N
0.27
1970
 
85,605
0.198
433,092
98.3
-1.74
0.27
1971
 
89,002
0.206
431,944
98.0
-0.27
0.26
1972
 
106,833
0.213
501,375
113.8
16.07
0.28
1973
 
125,719
0.225
559,871
127.0
11.67
0.29
1974
 
155,479
0.248
627,108
142.3
12.01
0.35
1975
 
138,548
0.269
515,815
117.0
-17.75
0.30
1976
 
155,086
0.283
547,369
124.2
6.12
0.30
1977
 
172,696
0.302
572,296
129.8
4.55
0.29
1978
 
185,031
0.323
573,277
130.1
0.17
0.28
1979
 
212,075
0.351
603,463
136.9
5.27
0.29
1980
 
225,004
0.389
578,000
131.1
-4.22
0.31
1981
 
214,225
0.424
505,069
114.6
-12.62
0.28
1982
 
218,848
0.448
488,816
110.9
-3.22
0.28
1983
 
218,859
0.467
468,890
106.4
-4.08
0.27
1984
 
256,884
0.484
530,325
120.3
13.10
0.28
1985
 
263,453
0.501
525,561
119.2
-0.90
0.26
1986
 
248,757
0.512
485,673
110.2
-7.59
0.23
1987
 
276,574
0.528
523,795
118.8
7.85
0.24
1988
 
300,511
0.549
547,728
124.3
4.57
0.25
1989
 
328,900
0.573
574,387
130.3
4.87
0.25
1990
 
335,259
0.598
560,868
127.3
-2.35
0.25
1991
 
353,106
0.618
571,609
129.7
1.92
0.26
1992
 
395,863
0.634
624,193
141.6
9.20
0.27
1993
 
412,778
0.650
635,043
144.1
1.74
0.27
1994
 
430,680
0.664
649,045
147.3
2.20
0.26
1995
 
478,533
0.678
706,280
160.2
8.82
0.27
1996
 
487,685
0.692
704,717
159.9
-0.22
0.26
1997
 
509,605
0.704
723,799
164.2
2.71
0.26
1998
 
519,722
0.710
732,343
166.2
1.18
0.25
1999
 
570,414
0.720
792,231
179.7
8.18
0.26
2000
 
571,550
0.738
774,227
175.7
-2.27
0.24
2001
 
542,047
0.753
719,831
163.3
-7.03
0.23
2002
 
573,669
0.763
751,948
170.6
4.46
0.24
2003
 
571,266
0.779
733,389
166.4
-2.47
0.24
2004
 
624,545
0.798
782,373
177.5
6.68
0.25
2005
 
619,910
0.821
754,819
171.3
-3.52
0.25
2006
 
669,268
0.844
792,596
179.8
5.00
0.26
2007
 
687,543
0.866
793,865
180.1
0.16
0.27
2008
 
686,087
0.892
769,415
174.6
-3.08
0.27
2009
 
614,550
0.889
691,119
156.8
-10.18
0.26
2010
 
617,035
0.905
681,701
154.7
-1.36
0.26
2011
 
711,629
0.928
766,809
174.0
12.48
0.28
2012
 
680,390
0.945
719,730
163.3
-6.14
0.26
2013
 
763,862
0.958
797,509
180.9
10.81
0.28
2014
 
742,435
0.971
764,443
173.4
-4.15
0.27
2015
 
806,822
0.973
829,219
188.1
8.47
0.28
2016
 
730,066
0.983
742,813
168.5
-10.42
0.24
2017
 
730,066
1.000
730,066
165.6
-1.72
0.23
2018
 
744,482
1.020
729,548
165.5
-0.07
0.23
2019
 
756,300
1.035
730,633
165.8
0.15
0.23
2020
 
802,459
1.046
766,913
174.0
4.97
0.24
2021
 
851,746
1.090
781,411
177.3
1.89
0.24
2022
 
902,332
1.160
777,584
176.4
-0.49
0.23
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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