Humboldt County vs. California
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2017
Introduction
Humboldt County:
2017 Earnings = $3,903,968K
2017 Percent of State = 0.2%
California:
2017 Earnings = $1,697,321,442K
2017 Percent of State = 14.3%
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.
Humboldt County Total Industry Earnings, 1969-2017
Current vs. Constant Dollars (Millions)
Humboldt County Total Industry Earnings, 1969-2017
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Humboldt County's annual total industry earnings over 1969-2017 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 Humboldt County over time.
When measured in current dollars, Humboldt County's total industry earnings increased 1,153.1%, from $312M in 1969 to $3,904M in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 136.4%, from $1,557M in 1969 to $3,680M in 2017.
Real Total Industry Earnings, 1969-2017 (Millions)
Real Total Industry Earnings, 1969-2017 (Millions)
Figure 2.
Figure 2 traces Humboldt County's and California's annual real total industry earnings for the period 1969-2017 to illustrate real total industry earnings patterns over time. During this 49-year period, Humboldt County's real total industry earnings rose from $1,557M in 1969 to $3,680M in 2017, for a net gain of $2,124M, or 136.4%. In comparison, California's real total industry earnings advanced from $372,705M in 1969 to $1,600,145M in 2017, for a net advance of $1,227,440M, or 329.3%.
Real Total Industry Earnings Indices (1969=100): 1969-2017
Real Total Industry Earnings Indices (1969=100): 1969-2017
Figure 3.
Figure 3 portrays Humboldt County's real total industry earnings growth in a broader context by offering direct comparisons across time with California, 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.
Humboldt County's overall real total industry earnings growth was 136.4% over 1969-2017 trailed California's increase of 329.3%, and fell below the United States' increase of 242.6%.
Total Industry Earnings as a Percent of the California Total: 1969-2017
Total Industry Earnings as a Percent of the California Total: 1969-2017
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of Humboldt County is to trace its individual percentage contributions to California'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 California's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Humboldt County's total industry earnings comprised 0.42% of California's total industry earnings, while in 2017 it comprised 0.23% thereby yielding a -0.19% share-shift.
   
 
Total Industry Earnings Share-Shift
2017 vs. 1969
 
Share-
Shift*
 
2017
vs.
1969
-0.19%
=
0.23%
-
0.42%
 
   
Humboldt County Real Total Industry Earnings:
Annual Percent Change, 1970-2017
Humboldt County Real Total Industry Earnings:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 shows the short-run pattern of Humboldt County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2017. The average annual percent change for the entire 48-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, Humboldt County's real total industry earnings grew at an annual rate of 1.90% over 1970-2017. The county recorded its highest growth in 2010 (10.75%) and recorded its lowest growth in 2008 (-9.37%). In 2017, Humboldt County's real total industry earnings grew by 4.13%
Humboldt County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2017
Humboldt County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2017
Figure 6.
Over the past four 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 Humboldt 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, and 2010-2017.
During the 1970s, Humboldt County's annual real total industry earnings growth rate averaged 2.44%. It averaged 0.92% throughout the 1980s, 1.80% in the 1990s, 1.57% during the 2000s, and 3.00% thus far this decade (2010 to 2017).
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 Humboldt County noted in the previous graph with the corresponding decade averages for California and the nation. As the chart reveals, Humboldt County's average annual real total industry earnings growth lagged California's average in the 1970s (2.44% vs. 3.66%), recorded under California's average during the 1980s (0.92% vs. 3.72%), lagged California's average during the 1990s (1.80% vs. 3.15%), fell below California's average throughout the 2000s (1.57% vs. 1.59%), and amounted to less than California's average over the 8 year period of the last decade, 2010-2017 (3.00% vs. 3.58%).
Finally, relative to nationwide real total industry earnings growth trends, Humboldt County posted below the nation in the 1970s (2.44% vs. 3.13%), fell below the nation during the 1980s (0.92% vs. 2.61%), trailed the nation during the 1990s (1.80% vs. 3.44%), surpassed the nation throughout the 2000s (1.57% vs. 1.47%), and registered above the nation over 2010-2017 (3.00% vs. 2.46%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.90
2.44
0.92
1.80
1.57
3.00
4.13
 
3.12
3.66
3.72
3.15
1.59
3.58
4.00
 
2.63
3.13
2.61
3.44
1.47
2.46
2.86
 
   

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

   
 
Humboldt County:
Total Industry Earnings, 1969-2017
 
1969
 
311,551
0.200
1,556,588
100.0
N
0.42
1970
 
320,066
0.210
1,527,688
98.1
-1.86
0.41
1971
 
352,014
0.218
1,611,712
103.5
5.50
0.42
1972
 
381,419
0.226
1,688,741
108.5
4.78
0.42
1973
 
426,040
0.238
1,789,934
115.0
5.99
0.42
1974
 
460,821
0.263
1,753,505
112.7
-2.04
0.41
1975
 
488,010
0.285
1,714,120
110.1
-2.25
0.40
1976
 
566,926
0.300
1,887,740
121.3
10.13
0.42
1977
 
621,122
0.320
1,941,856
124.8
2.87
0.41
1978
 
678,926
0.342
1,984,525
127.5
2.20
0.39
1979
 
732,369
0.373
1,966,038
126.3
-0.93
0.37
1980
 
771,317
0.413
1,869,316
120.1
-4.92
0.35
1981
 
777,384
0.450
1,729,134
111.1
-7.50
0.32
1982
 
774,997
0.475
1,633,085
104.9
-5.55
0.30
1983
 
846,900
0.495
1,711,808
110.0
4.82
0.31
1984
 
914,854
0.513
1,781,848
114.5
4.09
0.30
1985
 
961,653
0.531
1,809,864
116.3
1.57
0.29
1986
 
1,044,342
0.543
1,923,636
123.6
6.29
0.29
1987
 
1,144,722
0.560
2,045,461
131.4
6.33
0.29
1988
 
1,218,366
0.582
2,095,176
134.6
2.43
0.28
1989
 
1,291,949
0.607
2,128,768
136.8
1.60
0.28
1990
 
1,356,297
0.634
2,140,789
137.5
0.56
0.27
1991
 
1,394,101
0.655
2,129,276
136.8
-0.54
0.27
1992
 
1,453,255
0.672
2,162,003
138.9
1.54
0.27
1993
 
1,507,449
0.689
2,188,134
140.6
1.21
0.28
1994
 
1,568,810
0.703
2,230,641
143.3
1.94
0.28
1995
 
1,603,048
0.718
2,232,315
143.4
0.08
0.27
1996
 
1,689,072
0.733
2,302,882
147.9
3.16
0.27
1997
 
1,803,971
0.746
2,417,446
155.3
4.97
0.27
1998
 
1,909,014
0.752
2,538,042
163.1
4.99
0.26
1999
 
1,939,323
0.763
2,540,443
163.2
0.09
0.24
2000
 
2,027,826
0.782
2,591,968
166.5
2.03
0.23
2001
 
2,273,773
0.797
2,851,555
183.2
10.02
0.25
2002
 
2,402,112
0.808
2,973,316
191.0
4.27
0.26
2003
 
2,570,126
0.824
3,120,676
200.5
4.96
0.26
2004
 
2,679,905
0.844
3,174,829
204.0
1.74
0.26
2005
 
2,723,409
0.868
3,137,134
201.5
-1.19
0.25
2006
 
2,858,700
0.892
3,205,755
205.9
2.19
0.25
2007
 
2,747,309
0.914
3,004,559
193.0
-6.28
0.23
2008
 
2,564,564
0.942
2,723,045
174.9
-9.37
0.22
2009
 
2,750,128
0.941
2,922,745
187.8
7.33
0.24
2010
 
3,097,931
0.957
3,236,958
208.0
10.75
0.26
2011
 
3,191,843
0.981
3,252,635
209.0
0.48
0.26
2012
 
3,179,163
1.000
3,179,163
204.2
-2.26
0.24
2013
 
3,250,231
1.013
3,207,064
206.0
0.88
0.24
2014
 
3,297,443
1.029
3,205,509
205.9
-0.05
0.23
2015
 
3,525,522
1.031
3,418,655
219.6
6.65
0.23
2016
 
3,684,225
1.042
3,534,537
227.1
3.39
0.23
2017
 
3,903,968
1.061
3,680,454
236.4
4.13
0.23
Source: Calculations by the California Regional Economic Analysis Project (CA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_1200_PSN
 
   

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

   
 
California:
Total Industry Earnings, 1969-2017
 
1969
 
74,596,842
0.200
372,704,681
100.0
N
11.38
1970
 
78,652,837
0.210
375,413,283
100.7
0.73
11.31
1971
 
82,923,696
0.218
379,669,869
101.9
1.13
11.14
1972
 
91,785,799
0.226
406,383,596
109.0
7.04
11.17
1973
 
101,273,856
0.238
425,484,648
114.2
4.70
10.99
1974
 
111,546,517
0.263
424,454,022
113.9
-0.24
11.19
1975
 
120,788,434
0.285
424,265,662
113.8
-0.04
11.37
1976
 
135,218,030
0.300
450,246,504
120.8
6.12
11.50
1977
 
151,620,482
0.320
474,021,391
127.2
5.28
11.60
1978
 
173,858,217
0.342
508,193,905
136.4
7.21
11.75
1979
 
198,135,895
0.373
531,894,164
142.7
4.66
11.99
1980
 
220,242,675
0.413
533,766,359
143.2
0.35
12.31
1981
 
241,216,098
0.450
536,536,541
144.0
0.52
12.28
1982
 
255,410,267
0.475
538,204,372
144.4
0.31
12.43
1983
 
276,139,806
0.495
558,151,364
149.8
3.71
12.61
1984
 
308,687,441
0.513
601,225,953
161.3
7.72
12.68
1985
 
335,729,989
0.531
631,855,289
169.5
5.09
12.83
1986
 
364,128,449
0.543
670,709,982
180.0
6.15
13.06
1987
 
399,651,401
0.560
714,122,295
191.6
6.47
13.33
1988
 
437,466,113
0.582
752,293,362
201.8
5.35
13.41
1989
 
463,747,587
0.607
764,125,205
205.0
1.57
13.36
1990
 
496,059,684
0.634
782,984,270
210.1
2.47
13.47
1991
 
512,257,042
0.655
782,394,334
209.9
-0.08
13.51
1992
 
537,636,254
0.672
799,839,707
214.6
2.23
13.23
1993
 
547,328,483
0.689
794,473,209
213.2
-0.67
12.90
1994
 
563,637,833
0.703
801,418,787
215.0
0.87
12.63
1995
 
587,778,009
0.718
818,506,927
219.6
2.13
12.55
1996
 
623,807,878
0.733
850,500,202
228.2
3.91
12.56
1997
 
669,623,723
0.746
897,342,271
240.8
5.51
12.64
1998
 
730,421,067
0.752
971,097,994
260.6
8.22
12.77
1999
 
792,289,380
0.763
1,037,870,235
278.5
6.88
12.97
2000
 
882,511,189
0.782
1,128,026,061
302.7
8.69
13.35
2001
 
914,764,493
0.797
1,147,212,738
307.8
1.70
13.32
2002
 
932,151,294
0.808
1,153,809,670
309.6
0.58
13.31
2003
 
973,505,738
0.824
1,182,041,499
317.2
2.45
13.44
2004
 
1,041,454,068
0.844
1,233,789,516
331.0
4.38
13.57
2005
 
1,091,292,119
0.868
1,257,075,196
337.3
1.89
13.57
2006
 
1,154,635,171
0.892
1,294,811,460
347.4
3.00
13.55
2007
 
1,189,611,169
0.914
1,301,003,050
349.1
0.48
13.42
2008
 
1,179,852,814
0.942
1,252,763,659
336.1
-3.71
13.09
2009
 
1,136,583,527
0.941
1,207,923,488
324.1
-3.58
13.08
2010
 
1,186,105,720
0.957
1,239,335,165
332.5
2.60
13.15
2011
 
1,248,829,957
0.981
1,272,615,134
341.5
2.69
13.22
2012
 
1,325,712,700
1.000
1,325,712,700
355.7
4.17
13.39
2013
 
1,374,135,115
1.013
1,355,884,904
363.8
2.28
13.43
2014
 
1,449,542,346
1.029
1,409,128,540
378.1
3.93
13.56
2015
 
1,542,217,651
1.031
1,495,469,281
401.2
6.13
13.88
2016
 
1,603,729,437
1.042
1,538,570,957
412.8
2.88
14.11
2017
 
1,697,321,442
1.061
1,600,144,657
429.3
4.00
14.27
Source: Calculations by the California Regional Economic Analysis Project (CA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_1200_PSN
 
   

Tip: 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, 1969-2017
 
1969
 
655,222,000
0.200
3,273,654,759
100.0
N
1970
 
695,122,000
0.210
3,317,846,404
101.3
1.35
1971
 
744,129,000
0.218
3,407,028,067
104.1
2.69
1972
 
821,953,000
0.226
3,639,214,558
111.2
6.81
1973
 
921,321,000
0.238
3,870,771,364
118.2
6.36
1974
 
996,515,000
0.263
3,791,914,003
115.8
-2.04
1975
 
1,062,436,000
0.285
3,731,773,797
114.0
-1.59
1976
 
1,176,158,000
0.300
3,916,349,228
119.6
4.95
1977
 
1,306,927,000
0.320
4,085,934,471
124.8
4.33
1978
 
1,479,559,000
0.342
4,324,804,887
132.1
5.85
1979
 
1,652,190,000
0.373
4,435,290,328
135.5
2.55
1980
 
1,788,607,000
0.413
4,334,755,950
132.4
-2.27
1981
 
1,963,955,000
0.450
4,368,421,638
133.4
0.78
1982
 
2,055,057,000
0.475
4,330,447,151
132.3
-0.87
1983
 
2,189,442,000
0.495
4,425,439,625
135.2
2.19
1984
 
2,433,929,000
0.513
4,740,527,433
144.8
7.12
1985
 
2,617,433,000
0.531
4,926,098,167
150.5
3.91
1986
 
2,788,677,000
0.543
5,136,631,055
156.9
4.27
1987
 
2,997,904,000
0.560
5,356,843,685
163.6
4.29
1988
 
3,262,349,000
0.582
5,610,133,962
171.4
4.73
1989
 
3,470,801,000
0.607
5,718,900,972
174.7
1.94
1990
 
3,683,053,000
0.634
5,813,358,062
177.6
1.65
1991
 
3,792,707,000
0.655
5,792,780,230
177.0
-0.35
1992
 
4,064,120,000
0.672
6,046,178,107
184.7
4.37
1993
 
4,243,356,000
0.689
6,159,432,155
188.2
1.87
1994
 
4,463,755,000
0.703
6,346,871,890
193.9
3.04
1995
 
4,682,699,000
0.718
6,520,865,884
199.2
2.74
1996
 
4,964,951,000
0.733
6,769,218,499
206.8
3.81
1997
 
5,297,835,000
0.746
7,099,466,652
216.9
4.88
1998
 
5,717,821,000
0.752
7,601,867,954
232.2
7.08
1999
 
6,109,679,000
0.763
8,003,456,994
244.5
5.28
2000
 
6,611,246,000
0.782
8,450,496,581
258.1
5.59
2001
 
6,865,291,000
0.797
8,609,810,881
263.0
1.89
2002
 
7,001,130,000
0.808
8,665,944,621
264.7
0.65
2003
 
7,243,665,000
0.824
8,795,338,644
268.7
1.49
2004
 
7,675,133,000
0.844
9,092,574,428
277.7
3.38
2005
 
8,039,648,000
0.868
9,260,986,960
282.9
1.85
2006
 
8,519,777,000
0.892
9,554,104,335
291.8
3.17
2007
 
8,866,784,000
0.914
9,697,044,992
296.2
1.50
2008
 
9,013,458,000
0.942
9,570,458,696
292.3
-1.31
2009
 
8,688,446,000
0.941
9,233,793,866
282.1
-3.52
2010
 
9,023,198,000
0.957
9,428,136,461
288.0
2.10
2011
 
9,443,528,000
0.981
9,623,389,143
294.0
2.07
2012
 
9,901,882,000
1.000
9,901,882,000
302.5
2.89
2013
 
10,231,478,000
1.013
10,095,591,341
308.4
1.96
2014
 
10,686,606,000
1.029
10,388,659,253
317.3
2.90
2015
 
11,110,111,000
1.031
10,773,336,501
329.1
3.70
2016
 
11,365,731,000
1.042
10,903,948,770
333.1
1.21
2017
 
11,897,410,000
1.061
11,216,247,301
342.6
2.86
Source: Calculations by the California Regional Economic Analysis Project (CA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

Please stay tuned...
while your request is processing:

Please wait while your request is being processed...
To offer the most comprehensive set of interactive options in support of your research, CA-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request.
Your request will soon be available.
Just a few more seconds....Your request has been generated and is now loading the results.