Cheshire County vs. New Hampshire
Comparative Trends Analysis:
Average Earnings Per Job Growth and Change, 1969-2019
Introduction
Cheshire County vs. New Hampshire
Cheshire County:
2019 Avg. Earnings = $50,787
2019 Percent of State = 79.4%
New Hampshire:
2019 Avg. Earnings = $63,959
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 Cheshire County with comparisons to New Hampshire and the nation is an important first step in understanding the economic forces at play in Cheshire 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.
Cheshire County Average Earnings Per Job, 1970-2019
Current vs. Constant Dollars
Cheshire County Average Earnings Per Job, 1970-2019
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Cheshire County's annual average earnings per job over 1970-2019 in current and constant (2012) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Cheshire County over time.
When measured in current dollars, Cheshire County's average earnings per job increased 705.1%, from $6,308 in 1970 to $50,787 in 2019. When measured in constant 2012 dollars to adjust for inflation, it advanced 53.6%, from $30,108 in 1970 to $46,232 in 2019.
Real Average Earnings Per Job, 1969-2019
Real Average Earnings Per Job, 1969-2019
Figure 2.
Figure 2 traces Cheshire County's and New Hampshire's annual real average earnings per job for the period 1969-2019 to illustrate real average earnings per job patterns over time. During this 51-year period, Cheshire County's real average earnings per job rose from $30,197 in 1969 to $46,232 in 2019, for a net gain of $16,035, or 53.1%. In comparison, New Hampshire's real average earnings per job advanced from $30,266 in 1969 to $58,224 in 2019, for a net gain of $27,958, or 92.4%.
Real Average Earnings Per Job Indices (1969=100): 1969-2019
Real Average Earnings Per Job Indices (1969=100): 1969-2019
Figure 3.
Figure 3 shows Cheshire County's real average earnings per job growth in a broader context by offering direct comparisons across time with New Hampshire, 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.
Cheshire County's overall real average earnings per job growth was 53.1% over 1969-2019 trailed New Hampshire's increase of 92.4%, and fell below the United States' increase of 62.9%.
Average Earnings Per Job as a Percent of the U.S. Average: 1969-2019
Average Earnings Per Job as a Percent of the U.S. Average: 1969-2019
Figure 4.
Figure 4 displays the trends for average earnings per job relative to the national average by tracing Cheshire County and New Hampshire average earnings per job as a percent of the national average over 1969-2019.
In 1969, Cheshire County's average earnings per job amounted to 84.2% of the national average; in 2019, it approximated 79.1%. Similarly, in 1969, New Hampshire's average earnings per job totaled 84.4% of the national average; in 2019, it consisted of 99.7%.
Cheshire County Real Average Earnings Per Job:
Annual Percent Change, 1970-2019
Cheshire County Real Average Earnings Per Job:
Annual Percent Change, 1970-2019
Figure 5.
Figure 5 shows the short-run pattern of Cheshire County's real average earnings per job growth by tracking the year-to-year percent change over 1970-2019. The average annual percent change for the entire 50-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, Cheshire County's real average earnings per job grew at an annual rate of 0.89% over 1970-2019. The county recorded its highest growth in 1987 (8.22%) and posted its lowest growth in 2007 (-4.62%). In 2019, Cheshire County's real average earnings per job grew by 0.36%
Cheshire County Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2019
Cheshire County Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2019
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 shows the annual percent change in Cheshire 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, and 2010-2019.
During the 1970s, Cheshire County's annual real average earnings per job growth rate averaged 0.52%. It averaged 1.28% in the 1980s, 1.32% in the 1990s, 1.54% in the 2000s, and -0.23% thus far this decade (2010 to 2019).
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 Cheshire County noted in the previous graph with the corresponding decade averages for New Hampshire and the nation. As the chart reveals, Cheshire County's average annual real average earnings per job growth trailed New Hampshire's average throughout the 1970s (0.52% vs. 0.89%), amounted to less than New Hampshire's average in the 1980s (1.28% vs. 1.81%), amounted to less than New Hampshire's average during the 1990s (1.32% vs. 1.96%), surpassed New Hampshire's average throughout the 2000s (1.54% vs. 1.27%), and fell below New Hampshire's average over the 10 year period of the last decade, 2010-2019 (-0.23% vs. 0.79%).
Finally, relative to nationwide real average earnings per job growth trends, Cheshire County recorded underneath the nation during the 1970s (0.52% vs. 0.89%), outgained the nation over the 1980s (1.28% vs. 0.72%), lagged the nation over the 1990s (1.32% vs. 1.67%), outpaced the nation throughout the 2000s (1.54% vs. 0.74%), and fell below the nation over 2010-2019 (-0.23% vs. 0.95%).
   
 
Real* Average Earnings Per Job Growth:
Average Annual Percent Change
 
 
 
0.89
0.52
1.28
1.32
1.54
-0.23
0.36
 
1.34
0.89
1.81
1.96
1.27
0.79
1.09
 
0.99
0.89
0.72
1.67
0.74
0.95
1.14
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Cheshire County:
Average Earnings Per Job, 1969-2019
 
1969
 
6,044
0.200
30,197
100.0
N
99.77
84.19
1970
 
6,308
0.210
30,108
99.7
-0.30
98.31
83.04
1971
 
6,570
0.218
30,083
99.6
-0.08
96.19
81.08
1972
 
7,044
0.226
31,187
103.3
3.67
96.50
81.05
1973
 
7,459
0.238
31,340
103.8
0.49
96.11
79.90
1974
 
7,867
0.263
29,934
99.1
-4.49
95.76
79.24
1975
 
8,501
0.285
29,858
98.9
-0.25
95.56
79.35
1976
 
9,164
0.300
30,515
101.1
2.20
95.01
79.35
1977
 
9,743
0.320
30,459
100.9
-0.18
94.52
78.49
1978
 
10,770
0.342
31,480
104.2
3.35
95.46
80.03
1979
 
11,819
0.373
31,728
105.1
0.79
96.16
81.13
1980
 
12,596
0.413
30,528
101.1
-3.78
95.37
80.45
1981
 
13,534
0.450
30,103
99.7
-1.39
94.53
79.30
1982
 
14,136
0.475
29,788
98.6
-1.05
92.75
78.58
1983
 
14,910
0.495
30,138
99.8
1.17
90.65
78.81
1984
 
15,671
0.513
30,521
101.1
1.27
90.16
77.65
1985
 
16,376
0.531
30,819
102.1
0.98
88.90
77.50
1986
 
17,384
0.543
32,021
106.0
3.90
88.53
78.74
1987
 
19,393
0.560
34,652
114.8
8.22
89.81
83.86
1988
 
20,367
0.582
35,024
116.0
1.07
88.85
83.44
1989
 
21,776
0.607
35,880
118.8
2.45
91.18
85.53
1990
 
22,399
0.634
35,355
117.1
-1.47
92.11
84.21
1991
 
23,157
0.655
35,369
117.1
0.04
91.44
84.10
1992
 
23,841
0.672
35,468
117.5
0.28
89.59
81.15
1993
 
24,560
0.689
35,650
118.1
0.51
90.26
81.59
1994
 
25,311
0.703
35,989
119.2
0.95
90.48
81.89
1995
 
25,533
0.718
35,555
117.7
-1.20
87.84
80.79
1996
 
26,688
0.733
36,387
120.5
2.34
88.11
81.34
1997
 
27,824
0.746
37,286
123.5
2.47
87.31
81.31
1998
 
29,570
0.752
39,314
130.2
5.44
85.95
82.11
1999
 
31,159
0.763
40,818
135.2
3.83
85.67
82.54
2000
 
32,350
0.782
41,349
136.9
1.30
81.47
81.07
2001
 
32,595
0.797
40,878
135.4
-1.14
77.67
78.59
2002
 
33,662
0.808
41,667
138.0
1.93
78.15
79.38
2003
 
34,580
0.824
41,988
139.0
0.77
78.95
79.21
2004
 
36,293
0.844
42,996
142.4
2.40
79.98
79.84
2005
 
37,899
0.868
43,657
144.6
1.54
81.19
81.24
2006
 
41,876
0.892
46,959
155.5
7.56
85.45
86.44
2007
 
40,955
0.914
44,790
148.3
-4.62
83.66
82.93
2008
 
43,239
0.942
45,911
152.0
2.50
87.73
85.97
2009
 
44,543
0.941
47,339
156.8
3.11
87.87
89.02
2010
 
45,697
0.957
47,748
158.1
0.86
85.52
87.56
2011
 
45,940
0.981
46,815
155.0
-1.95
84.57
85.66
2012
 
46,015
1.000
46,015
152.4
-1.71
83.27
83.17
2013
 
46,038
1.013
45,426
150.4
-1.28
83.35
82.04
2014
 
46,177
1.028
44,906
148.7
-1.14
81.54
80.47
2015
 
47,324
1.030
45,926
152.1
2.27
82.76
81.04
2016
 
47,940
1.041
46,042
152.5
0.25
82.24
81.47
2017
 
48,913
1.060
46,152
152.8
0.24
81.26
80.56
2018
 
49,861
1.082
46,066
152.5
-0.19
79.98
79.74
2019
 
50,787
1.099
46,232
153.1
0.36
79.40
79.13
Source: Calculations by the New Hampshire Regional Economic Analysis Project (NH-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2020
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.

   
 
New Hampshire:
Average Earnings Per Job, 1969-2019
 
1969
 
6,058
0.200
30,266
100.0
N
84.38
1970
 
6,416
0.210
30,625
101.2
1.19
84.47
1971
 
6,831
0.218
31,276
103.3
2.12
84.30
1972
 
7,299
0.226
32,319
106.8
3.33
83.99
1973
 
7,762
0.238
32,609
107.7
0.90
83.13
1974
 
8,215
0.263
31,260
103.3
-4.14
82.75
1975
 
8,895
0.285
31,244
103.2
-0.05
83.03
1976
 
9,646
0.300
32,118
106.1
2.80
83.52
1977
 
10,307
0.320
32,224
106.5
0.33
83.04
1978
 
11,282
0.342
32,977
109.0
2.34
83.84
1979
 
12,291
0.373
32,995
109.0
0.05
84.37
1980
 
13,208
0.413
32,011
105.8
-2.98
84.36
1981
 
14,317
0.450
31,846
105.2
-0.52
83.89
1982
 
15,241
0.475
32,117
106.1
0.85
84.72
1983
 
16,447
0.495
33,244
109.8
3.51
86.93
1984
 
17,381
0.513
33,852
111.9
1.83
86.12
1985
 
18,419
0.531
34,666
114.5
2.40
87.17
1986
 
19,636
0.543
36,168
119.5
4.33
88.94
1987
 
21,593
0.560
38,584
127.5
6.68
93.37
1988
 
22,923
0.582
39,420
130.2
2.17
93.92
1989
 
23,883
0.607
39,352
130.0
-0.17
93.81
1990
 
24,319
0.634
38,385
126.8
-2.46
91.43
1991
 
25,327
0.655
38,682
127.8
0.78
91.97
1992
 
26,610
0.672
39,588
130.8
2.34
90.58
1993
 
27,211
0.689
39,499
130.5
-0.23
90.40
1994
 
27,975
0.703
39,777
131.4
0.70
90.51
1995
 
29,066
0.718
40,476
133.7
1.76
91.97
1996
 
30,290
0.733
41,298
136.4
2.03
92.32
1997
 
31,868
0.746
42,705
141.1
3.41
93.13
1998
 
34,405
0.752
45,742
151.1
7.11
95.54
1999
 
36,373
0.763
47,648
157.4
4.17
96.35
2000
 
39,705
0.782
50,751
167.7
6.51
99.50
2001
 
41,964
0.797
52,627
173.9
3.70
101.18
2002
 
43,076
0.808
53,320
176.2
1.32
101.58
2003
 
43,799
0.824
53,181
175.7
-0.26
100.32
2004
 
45,381
0.844
53,762
177.6
1.09
99.83
2005
 
46,682
0.868
53,774
177.7
0.02
100.07
2006
 
49,008
0.892
54,957
181.6
2.20
101.16
2007
 
48,954
0.914
53,538
176.9
-2.58
99.13
2008
 
49,285
0.942
52,331
172.9
-2.25
97.99
2009
 
50,692
0.941
53,873
178.0
2.95
101.31
2010
 
53,432
0.957
55,830
184.5
3.63
102.39
2011
 
54,319
0.981
55,354
182.9
-0.85
101.29
2012
 
55,260
1.000
55,260
182.6
-0.17
99.88
2013
 
55,233
1.013
54,499
180.1
-1.38
98.42
2014
 
56,631
1.028
55,072
182.0
1.05
98.68
2015
 
57,185
1.030
55,496
183.4
0.77
97.92
2016
 
58,296
1.041
55,988
185.0
0.89
99.06
2017
 
60,195
1.060
56,797
187.7
1.44
99.15
2018
 
62,343
1.082
57,598
190.3
1.41
99.71
2019
 
63,959
1.099
58,224
192.4
1.09
99.66
Source: Calculations by the New Hampshire Regional Economic Analysis Project (NH-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2020
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, 1969-2019
 
1969
 
7,179
0.200
35,868
100.0
N
1970
 
7,596
0.210
36,256
101.1
1.08
1971
 
8,103
0.218
37,100
103.4
2.33
1972
 
8,691
0.226
38,479
107.3
3.71
1973
 
9,336
0.238
39,226
109.4
1.94
1974
 
9,928
0.263
37,778
105.3
-3.69
1975
 
10,713
0.285
37,628
104.9
-0.40
1976
 
11,549
0.300
38,455
107.2
2.20
1977
 
12,412
0.320
38,804
108.2
0.91
1978
 
13,457
0.342
39,336
109.7
1.37
1979
 
14,568
0.373
39,109
109.0
-0.58
1980
 
15,657
0.413
37,945
105.8
-2.98
1981
 
17,066
0.450
37,961
105.8
0.04
1982
 
17,989
0.475
37,908
105.7
-0.14
1983
 
18,920
0.495
38,242
106.6
0.88
1984
 
20,181
0.513
39,307
109.6
2.78
1985
 
21,130
0.531
39,767
110.9
1.17
1986
 
22,078
0.543
40,666
113.4
2.26
1987
 
23,126
0.560
41,324
115.2
1.62
1988
 
24,408
0.582
41,973
117.0
1.57
1989
 
25,460
0.607
41,950
117.0
-0.05
1990
 
26,599
0.634
41,984
117.1
0.08
1991
 
27,537
0.655
42,058
117.3
0.18
1992
 
29,378
0.672
43,705
121.9
3.92
1993
 
30,101
0.689
43,693
121.8
-0.03
1994
 
30,909
0.703
43,948
122.5
0.58
1995
 
31,605
0.718
44,011
122.7
0.14
1996
 
32,810
0.733
44,733
124.7
1.64
1997
 
34,218
0.746
45,854
127.8
2.51
1998
 
36,011
0.752
47,876
133.5
4.41
1999
 
37,751
0.763
49,453
137.9
3.29
2000
 
39,903
0.782
51,004
142.2
3.14
2001
 
41,477
0.797
52,016
145.0
1.98
2002
 
42,407
0.808
52,491
146.3
0.91
2003
 
43,657
0.824
53,009
147.8
0.99
2004
 
45,458
0.844
53,853
150.1
1.59
2005
 
46,650
0.868
53,737
149.8
-0.22
2006
 
48,444
0.892
54,325
151.5
1.09
2007
 
49,385
0.914
54,009
150.6
-0.58
2008
 
50,294
0.942
53,402
148.9
-1.12
2009
 
50,038
0.941
53,179
148.3
-0.42
2010
 
52,187
0.957
54,529
152.0
2.54
2011
 
53,628
0.981
54,650
152.4
0.22
2012
 
55,324
1.000
55,324
154.2
1.23
2013
 
56,117
1.013
55,371
154.4
0.09
2014
 
57,387
1.028
55,808
155.6
0.79
2015
 
58,398
1.030
56,673
158.0
1.55
2016
 
58,846
1.041
56,517
157.6
-0.28
2017
 
60,713
1.060
57,285
159.7
1.36
2018
 
62,527
1.082
57,767
161.1
0.84
2019
 
64,180
1.099
58,425
162.9
1.14
Source: Calculations by the New Hampshire Regional Economic Analysis Project (NH-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2020
REAP_PI_CA1400_1400_PN
 
   
Copyright © 2021. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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