Grafton County vs. New Hampshire
Comparative Trends Analysis:
Average Earnings Per Job Growth and Change, 1969-2020
Introduction
Grafton County vs. New Hampshire
Grafton County:
2020 Avg. Earnings = $72,488
2020 Percent of State = 102.8%
New Hampshire:
2020 Avg. Earnings = $70,539
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 Grafton County with comparisons to New Hampshire and the nation is an important first step in understanding the economic forces at play in Grafton 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.
Grafton County Average Earnings Per Job, 1970-2020
Current vs. Constant Dollars
Grafton County Average Earnings Per Job, 1970-2020
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Grafton County's annual average earnings per job over 1970-2020 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 Grafton County over time.
When measured in current dollars, Grafton County's average earnings per job increased 1,078.5%, from $6,151 in 1970 to $72,488 in 2020. When measured in constant 2012 dollars to adjust for inflation, it advanced 121.6%, from $29,415 in 1970 to $65,173 in 2020.
Real Average Earnings Per Job, 1969-2020
Real Average Earnings Per Job, 1969-2020
Figure 2.
Figure 2 traces Grafton County's and New Hampshire's annual real average earnings per job for the period 1969-2020 to illustrate real average earnings per job patterns over time. During this 52-year period, Grafton County's real average earnings per job rose from $28,445 in 1969 to $65,173 in 2020, for a net gain of $36,727, or 129.1%. In comparison, New Hampshire's real average earnings per job increased from $30,325 in 1969 to $63,420 in 2020, for a net gain of $33,095, or 109.1%.
Real Average Earnings Per Job Indices (1969=100): 1969-2020
Real Average Earnings Per Job Indices (1969=100): 1969-2020
Figure 3.
Figure 3 portrays Grafton 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.
Grafton County's overall real average earnings per job growth was 129.1% over 1969-2020 outpaced New Hampshire's increase of 109.1%, and outpaced the United States' increase of 73.1%.
Average Earnings Per Job as a Percent of the U.S. Average: 1969-2020
Average Earnings Per Job as a Percent of the U.S. Average: 1969-2020
Figure 4.
Figure 4 depicts the trends for average earnings per job relative to the national average by tracing Grafton County and New Hampshire average earnings per job as a percent of the national average over 1969-2020.
In 1969, Grafton County's average earnings per job amounted to 79.2% of the national average; in 2020, it approximated 104.7%. Similarly, in 1969, New Hampshire's average earnings per job totaled 84.4% of the national average; in 2020, it consisted of 101.9%.
Grafton County Real Average Earnings Per Job:
Annual Percent Change, 1970-2020
Grafton County Real Average Earnings Per Job:
Annual Percent Change, 1970-2020
Figure 5.
Figure 5 highlights the short-run pattern of Grafton County's real average earnings per job growth by tracking the year-to-year percent change over 1970-2020. The average annual percent change for the entire 51-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, Grafton County's real average earnings per job grew at an annual rate of 1.68% over 1970-2020. The county recorded its highest growth in 1998 (9.12%) and recorded its lowest growth in 1980 (-4.35%). In 2020, Grafton County's real average earnings per job grew by 6.08%
Grafton County Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2020
Grafton County Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2020
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 depicts the annual percent change in Grafton 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.
During the 1970s, Grafton County's annual real average earnings per job growth rate averaged 0.91%. It averaged 1.77% throughout the 1980s, 2.08% throughout the 1990s, 2.07% during the 2000s, 1.12% throughout the 2010s, and 6.08% thus far this decade (2020).
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 Grafton County noted in the previous graph with the corresponding decade averages for New Hampshire and the nation. As the chart reveals, Grafton County's average annual real average earnings per job growth outgained New Hampshire's average during the 1970s (0.91% vs. 0.89%), recorded under New Hampshire's average during the 1980s (1.77% vs. 1.81%), outperformed New Hampshire's average throughout the 1990s (2.08% vs. 1.96%), exceeded New Hampshire's average throughout the 2000s (2.07% vs. 1.25%), and outpaced New Hampshire's average over the 10 year period of the last decade, 2010-2019 (1.12% vs. 1.04%). Thus far in 2020, Grafton County's growth has recorded under New Hampshire's average (6.08% vs. 6.19%).
Finally, relative to nationwide real average earnings per job growth trends, Grafton County outpaced the nation over the 1970s (0.91% vs. 0.89%), topped the nation over the 1980s (1.77% vs. 0.72%), surpassed the nation during the 1990s (2.08% vs. 1.68%), outpaced the nation in the 2000s (2.07% vs. 0.72%), and outgained the nation over 2010-2020 (1.12% vs. 1.00%). Thus far in 2020, growth for Grafton County has topped the national average (6.08% vs. 5.88%).
   
 
Real* Average Earnings Per Job Growth:
Average Annual Percent Change
 
 
 
1.68
0.91
1.77
2.08
2.07
1.12
6.08
 
1.49
0.89
1.81
1.96
1.25
1.04
6.19
 
1.10
0.89
0.72
1.68
0.72
1.00
5.88
 
   

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

   
 
Grafton County:
Average Earnings Per Job, 1969-2020
 
1969
 
5,682
0.200
28,445
100.0
N
93.80
79.15
1970
 
6,151
0.209
29,415
103.4
3.41
95.86
80.97
1971
 
6,479
0.218
29,724
104.5
1.05
94.85
79.96
1972
 
6,907
0.225
30,639
107.7
3.08
94.62
79.47
1973
 
7,446
0.238
31,344
110.2
2.30
95.93
79.75
1974
 
7,892
0.262
30,090
105.8
-4.00
96.07
79.49
1975
 
8,547
0.284
30,079
105.7
-0.04
96.08
79.78
1976
 
9,400
0.300
31,361
110.3
4.26
97.46
81.40
1977
 
9,845
0.319
30,840
108.4
-1.66
95.52
79.32
1978
 
10,682
0.341
31,285
110.0
1.44
94.68
79.38
1979
 
11,547
0.372
31,059
109.2
-0.72
93.95
79.26
1980
 
12,234
0.412
29,707
104.4
-4.35
92.62
78.14
1981
 
13,091
0.449
29,175
102.6
-1.79
91.44
76.71
1982
 
13,813
0.474
29,164
102.5
-0.04
90.63
76.78
1983
 
14,775
0.494
29,923
105.2
2.60
89.83
78.09
1984
 
15,565
0.512
30,374
106.8
1.51
89.55
77.12
1985
 
16,612
0.530
31,325
110.1
3.13
90.19
78.62
1986
 
17,763
0.542
32,783
115.3
4.66
90.46
80.46
1987
 
19,858
0.559
35,553
125.0
8.45
91.96
85.87
1988
 
21,303
0.580
36,706
129.0
3.24
92.93
87.28
1989
 
22,289
0.606
36,797
129.4
0.25
93.33
87.55
1990
 
22,478
0.632
35,549
125.0
-3.39
92.43
84.51
1991
 
23,618
0.653
36,143
127.1
1.67
93.25
85.77
1992
 
24,868
0.671
37,068
130.3
2.56
93.45
84.65
1993
 
25,836
0.688
37,576
132.1
1.37
94.95
85.83
1994
 
26,833
0.702
38,227
134.4
1.73
95.92
86.81
1995
 
27,390
0.717
38,217
134.4
-0.03
94.23
86.67
1996
 
28,058
0.732
38,328
134.7
0.29
92.63
85.52
1997
 
29,725
0.745
39,911
140.3
4.13
93.27
86.87
1998
 
32,692
0.751
43,549
153.1
9.12
95.02
90.78
1999
 
34,276
0.762
45,003
158.2
3.34
94.23
90.79
2000
 
36,415
0.781
46,632
163.9
3.62
91.71
91.26
2001
 
39,604
0.797
49,719
174.8
6.62
94.38
95.49
2002
 
41,600
0.807
51,547
181.2
3.68
96.57
98.10
2003
 
43,906
0.824
53,285
187.3
3.37
100.25
100.57
2004
 
44,764
0.844
53,010
186.4
-0.52
98.64
98.48
2005
 
46,703
0.869
53,758
189.0
1.41
100.04
100.12
2006
 
47,485
0.893
53,161
186.9
-1.11
96.89
98.02
2007
 
48,382
0.916
52,811
185.7
-0.66
98.83
97.98
2008
 
49,400
0.943
52,373
184.1
-0.83
100.23
98.22
2009
 
51,778
0.941
55,047
193.5
5.11
102.14
103.47
2010
 
54,392
0.957
56,808
199.7
3.20
101.80
104.22
2011
 
54,482
0.982
55,498
195.1
-2.31
100.30
101.58
2012
 
55,701
1.000
55,701
195.8
0.37
100.80
100.68
2013
 
56,446
1.014
55,691
195.8
-0.02
102.20
100.58
2014
 
58,205
1.029
56,571
198.9
1.58
102.78
101.42
2015
 
59,737
1.031
57,932
203.7
2.41
104.46
102.29
2016
 
60,485
1.041
58,076
204.2
0.25
103.73
102.76
2017
 
61,332
1.061
57,832
203.3
-0.42
101.89
101.00
2018
 
63,073
1.083
58,229
204.7
0.69
101.09
100.94
2019
 
67,532
1.099
61,436
216.0
5.51
102.87
104.55
2020
 
72,488
1.112
65,173
229.1
6.08
102.76
104.75
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 2021
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, 1969-2020
 
1969
 
6,058
0.200
30,325
100.0
N
84.38
1970
 
6,416
0.209
30,685
101.2
1.19
84.47
1971
 
6,831
0.218
31,337
103.3
2.12
84.30
1972
 
7,299
0.225
32,382
106.8
3.33
83.99
1973
 
7,762
0.238
32,673
107.7
0.90
83.13
1974
 
8,215
0.262
31,321
103.3
-4.14
82.75
1975
 
8,895
0.284
31,305
103.2
-0.05
83.03
1976
 
9,646
0.300
32,180
106.1
2.80
83.52
1977
 
10,307
0.319
32,287
106.5
0.33
83.04
1978
 
11,282
0.341
33,041
109.0
2.34
83.84
1979
 
12,291
0.372
33,060
109.0
0.06
84.37
1980
 
13,208
0.412
32,073
105.8
-2.98
84.36
1981
 
14,317
0.449
31,907
105.2
-0.52
83.89
1982
 
15,241
0.474
32,180
106.1
0.85
84.72
1983
 
16,447
0.494
33,309
109.8
3.51
86.93
1984
 
17,381
0.512
33,918
111.9
1.83
86.12
1985
 
18,419
0.530
34,733
114.5
2.40
87.17
1986
 
19,636
0.542
36,239
119.5
4.34
88.94
1987
 
21,593
0.559
38,659
127.5
6.68
93.37
1988
 
22,923
0.580
39,497
130.2
2.17
93.92
1989
 
23,883
0.606
39,429
130.0
-0.17
93.81
1990
 
24,319
0.632
38,460
126.8
-2.46
91.43
1991
 
25,327
0.653
38,758
127.8
0.78
91.97
1992
 
26,610
0.671
39,666
130.8
2.34
90.58
1993
 
27,211
0.688
39,576
130.5
-0.23
90.40
1994
 
27,975
0.702
39,854
131.4
0.70
90.51
1995
 
29,066
0.717
40,555
133.7
1.76
91.97
1996
 
30,290
0.732
41,378
136.4
2.03
92.32
1997
 
31,868
0.745
42,788
141.1
3.41
93.13
1998
 
34,405
0.751
45,831
151.1
7.11
95.54
1999
 
36,373
0.762
47,757
157.5
4.20
96.35
2000
 
39,705
0.781
50,845
167.7
6.47
99.50
2001
 
41,964
0.797
52,682
173.7
3.61
101.18
2002
 
43,076
0.807
53,377
176.0
1.32
101.58
2003
 
43,799
0.824
53,155
175.3
-0.42
100.33
2004
 
45,381
0.844
53,741
177.2
1.10
99.83
2005
 
46,682
0.869
53,735
177.2
-0.01
100.07
2006
 
49,008
0.893
54,866
180.9
2.11
101.17
2007
 
48,954
0.916
53,435
176.2
-2.61
99.13
2008
 
49,285
0.943
52,251
172.3
-2.22
97.99
2009
 
50,692
0.941
53,892
177.7
3.14
101.30
2010
 
53,432
0.957
55,805
184.0
3.55
102.38
2011
 
54,320
0.982
55,333
182.5
-0.85
101.28
2012
 
55,260
1.000
55,260
182.2
-0.13
99.88
2013
 
55,233
1.014
54,495
179.7
-1.38
98.42
2014
 
56,631
1.029
55,042
181.5
1.00
98.67
2015
 
57,185
1.031
55,457
182.9
0.75
97.92
2016
 
58,312
1.041
55,989
184.6
0.96
99.07
2017
 
60,193
1.061
56,758
187.2
1.37
99.12
2018
 
62,391
1.083
57,599
189.9
1.48
99.84
2019
 
65,649
1.099
59,723
196.9
3.69
101.64
2020
 
70,539
1.112
63,420
209.1
6.19
101.93
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 2021
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, 1969-2020
 
1969
 
7,179
0.200
35,938
100.0
N
1970
 
7,596
0.209
36,328
101.1
1.08
1971
 
8,103
0.218
37,174
103.4
2.33
1972
 
8,691
0.225
38,554
107.3
3.71
1973
 
9,336
0.238
39,301
109.4
1.94
1974
 
9,928
0.262
37,851
105.3
-3.69
1975
 
10,713
0.284
37,701
104.9
-0.40
1976
 
11,549
0.300
38,530
107.2
2.20
1977
 
12,412
0.319
38,881
108.2
0.91
1978
 
13,457
0.341
39,412
109.7
1.37
1979
 
14,568
0.372
39,185
109.0
-0.58
1980
 
15,657
0.412
38,018
105.8
-2.98
1981
 
17,066
0.449
38,034
105.8
0.04
1982
 
17,989
0.474
37,982
105.7
-0.14
1983
 
18,920
0.494
38,317
106.6
0.88
1984
 
20,181
0.512
39,383
109.6
2.78
1985
 
21,130
0.530
39,844
110.9
1.17
1986
 
22,078
0.542
40,746
113.4
2.26
1987
 
23,126
0.559
41,405
115.2
1.62
1988
 
24,408
0.580
42,055
117.0
1.57
1989
 
25,460
0.606
42,032
117.0
-0.05
1990
 
26,599
0.632
42,066
117.1
0.08
1991
 
27,537
0.653
42,141
117.3
0.18
1992
 
29,378
0.671
43,791
121.9
3.92
1993
 
30,101
0.688
43,778
121.8
-0.03
1994
 
30,909
0.702
44,034
122.5
0.58
1995
 
31,605
0.717
44,097
122.7
0.14
1996
 
32,810
0.732
44,820
124.7
1.64
1997
 
34,218
0.745
45,943
127.8
2.51
1998
 
36,011
0.751
47,969
133.5
4.41
1999
 
37,751
0.762
49,566
137.9
3.33
2000
 
39,903
0.781
51,098
142.2
3.09
2001
 
41,477
0.797
52,070
144.9
1.90
2002
 
42,406
0.807
52,546
146.2
0.92
2003
 
43,655
0.824
52,981
147.4
0.83
2004
 
45,456
0.844
53,830
149.8
1.60
2005
 
46,648
0.869
53,695
149.4
-0.25
2006
 
48,442
0.893
54,233
150.9
1.00
2007
 
49,382
0.916
53,902
150.0
-0.61
2008
 
50,298
0.943
53,324
148.4
-1.07
2009
 
50,040
0.941
53,199
148.0
-0.23
2010
 
52,191
0.957
54,509
151.7
2.46
2011
 
53,633
0.982
54,633
152.0
0.23
2012
 
55,327
1.000
55,327
154.0
1.27
2013
 
56,120
1.014
55,370
154.1
0.08
2014
 
57,392
1.029
55,782
155.2
0.74
2015
 
58,403
1.031
56,638
157.6
1.53
2016
 
58,859
1.041
56,514
157.3
-0.22
2017
 
60,726
1.061
57,261
159.3
1.32
2018
 
62,489
1.083
57,690
160.5
0.75
2019
 
64,592
1.099
58,762
163.5
1.86
2020
 
69,204
1.112
62,220
173.1
5.88
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 2021
REAP_PI_CA1400_1400_PN
 
   
Copyright © 2022. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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