Treasure County vs. Montana
Comparative Trends Analysis:
Average Earnings Per Job Growth and Change, 1969-2022
Introduction
Treasure County vs. Montana
Treasure County:
2022 Avg. Earnings = $53,114
2022 Percent of State = 93.19%
Montana:
2022 Avg. Earnings = $56,993
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 Treasure County with comparisons to Montana and the nation is an important first step in understanding the economic forces at play in Treasure 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.
Treasure County Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Treasure County Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Treasure County's annual average earnings per job 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 Treasure County over time.
When measured in current dollars, Treasure County's average earnings per job increased 561.21%, from $8,033 in 1970 to $53,114 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 12.63%, from $40,640 in 1970 to $45,771 in 2022.
Real Average Earnings Per Job, 1969-2022
Real Average Earnings Per Job, 1969-2022
Figure 2.
Figure 2 tracks Treasure County's and Montana's annual real average earnings per job for the period 1969-2022 to illustrate real average earnings per job patterns over time. During this 54-year period, Treasure County's real average earnings per job rose from $40,862 in 1969 to $45,771 in 2022, for a net gain of $4,909, or 12.01%. In comparison, Montana's real average earnings per job increased from $33,307 in 1969 to $49,114 in 2022, for a net gain of $15,807, or 47.46%.
Real Average Earnings Per Job Indices (1969=100): 1969-2022
Real Average Earnings Per Job Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Treasure County's real average earnings per job growth in a broader context by offering direct comparisons across time with Montana, 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.
Treasure County's overall real average earnings per job growth was 12.01% over 1969-2022 trailed Montana's increase of 47.46%, and fell below the United States' increase of 62.26%.
Average Earnings Per Job as a Percent of the U.S. Average: 1969-2022
Average Earnings Per Job as a Percent of the U.S. Average: 1969-2022
Figure 4.
Figure 4 portrays the trends for average earnings per job relative to the national average by tracing Treasure County and Montana average earnings per job as a percent of the national average over 1969-2022.
In 1969, Treasure County's average earnings per job amounted to 107.48% of the national average; in 2022, it approximated 74.20%. Similarly, in 1969, Montana's average earnings per job totaled 87.61% of the national average; in 2022, it consisted of 79.61%.
Treasure County Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Treasure County Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Treasure County's real average earnings per job 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, Treasure County's real average earnings per job grew at an annual rate of 2.23% over 1970-2022. The county posted its highest growth in 1978 (65.14%) and recorded its lowest growth in 1975 (-52.34%). In 2022, Treasure County's real average earnings per job grew by 20.40%
Treasure County Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2022
Treasure County Real Average Earnings Per Job:
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 depicts the annual percent change in Treasure 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, 2010s, and 2020-2022.
During the 1970s, Treasure County's annual real average earnings per job growth rate averaged 2.10%. It averaged -2.71% in the 1980s, 2.92% in the 1990s, 4.28% throughout the 2000s, 5.95% throughout the 2010s, -2.43% thus far this decade (2020-2022).

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

   
 
Treasure County:
Average Earnings Per Job, 1969-2022
 
1969
 
7,716
0.189
40,862
100.0
N
122.68
107.48
1970
 
8,033
0.198
40,640
99.5
-0.54
118.22
105.75
1971
 
8,486
0.206
41,183
100.8
1.34
120.16
104.72
1972
 
9,910
0.213
46,510
113.8
12.94
123.73
114.03
1973
 
11,728
0.225
52,230
127.8
12.30
130.93
125.62
1974
 
14,052
0.248
56,679
138.7
8.52
152.44
141.54
1975
 
7,256
0.269
27,013
66.1
-52.34
73.24
67.73
1976
 
6,774
0.283
23,909
58.5
-11.49
66.76
58.66
1977
 
6,596
0.302
21,859
53.5
-8.57
62.71
53.14
1978
 
11,651
0.323
36,099
88.3
65.14
97.44
86.58
1979
 
11,888
0.351
33,828
82.8
-6.29
95.62
81.60
1980
 
12,930
0.389
33,215
81.3
-1.81
97.17
82.58
1981
 
11,892
0.424
28,036
68.6
-15.59
81.09
69.68
1982
 
12,233
0.448
27,322
66.9
-2.55
81.21
68.00
1983
 
11,491
0.467
24,619
60.3
-9.89
74.27
60.74
1984
 
10,229
0.484
21,117
51.7
-14.23
64.84
50.68
1985
 
10,383
0.501
20,712
50.7
-1.92
65.51
49.14
1986
 
11,932
0.512
23,295
57.0
12.47
70.91
54.04
1987
 
13,066
0.528
24,746
60.6
6.23
75.45
56.50
1988
 
14,427
0.549
26,295
64.4
6.26
82.67
59.11
1989
 
14,144
0.573
24,701
60.4
-6.06
75.06
55.55
1990
 
16,869
0.598
28,221
69.1
14.25
86.74
63.42
1991
 
16,862
0.618
27,297
66.8
-3.27
81.52
61.24
1992
 
19,128
0.634
30,161
73.8
10.49
88.71
65.11
1993
 
22,294
0.650
34,298
83.9
13.71
96.86
74.06
1994
 
19,122
0.664
28,818
70.5
-15.98
85.74
61.87
1995
 
15,920
0.678
23,497
57.5
-18.46
70.64
50.37
1996
 
15,113
0.692
21,839
53.4
-7.06
66.47
46.06
1997
 
13,644
0.704
19,379
47.4
-11.27
58.77
39.87
1998
 
17,547
0.710
24,726
60.5
27.59
71.93
48.73
1999
 
21,224
0.720
29,478
72.1
19.22
84.95
56.22
2000
 
20,565
0.738
27,858
68.2
-5.50
79.73
51.54
2001
 
17,880
0.753
23,745
58.1
-14.76
67.54
43.11
2002
 
14,700
0.763
19,268
47.2
-18.85
53.53
34.66
2003
 
15,825
0.779
20,316
49.7
5.44
54.42
36.25
2004
 
22,298
0.798
27,933
68.4
37.50
72.14
49.05
2005
 
23,359
0.821
28,443
69.6
1.82
71.53
50.08
2006
 
18,557
0.844
21,976
53.8
-22.74
54.81
38.31
2007
 
27,172
0.866
31,373
76.8
42.76
77.47
55.02
2008
 
33,026
0.892
37,037
90.6
18.05
91.37
65.66
2009
 
32,617
0.889
36,681
89.8
-0.96
89.87
65.18
2010
 
33,444
0.905
36,949
90.4
0.73
87.65
64.08
2011
 
40,997
0.928
44,176
108.1
19.56
102.49
76.44
2012
 
42,068
0.945
44,500
108.9
0.73
101.69
76.40
2013
 
53,790
0.958
56,160
137.4
26.20
127.82
96.34
2014
 
57,102
0.971
58,795
143.9
4.69
133.51
100.20
2015
 
52,638
0.973
54,099
132.4
-7.99
120.62
90.75
2016
 
51,504
0.983
52,403
128.2
-3.14
118.77
88.07
2017
 
34,008
1.000
34,008
83.2
-35.10
76.22
56.37
2018
 
44,510
1.020
43,617
106.7
28.26
96.84
71.67
2019
 
56,685
1.035
54,761
134.0
25.55
117.11
87.99
2020
 
61,925
1.046
59,182
144.8
8.07
121.08
91.91
2021
 
41,437
1.090
38,015
93.0
-35.77
76.98
58.84
2022
 
53,114
1.160
45,771
112.0
20.40
93.19
74.20
Source: Calculations by the Montana Regional Economic Analysis Project (MT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
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.

   
 
Montana:
Average Earnings Per Job, 1969-2022
 
1969
 
6,289
0.189
33,307
100.0
N
87.61
1970
 
6,795
0.198
34,377
103.2
3.21
89.45
1971
 
7,062
0.206
34,274
102.9
-0.30
87.15
1972
 
8,010
0.213
37,592
112.9
9.68
92.17
1973
 
8,958
0.225
39,893
119.8
6.12
95.95
1974
 
9,219
0.248
37,182
111.6
-6.80
92.85
1975
 
9,906
0.269
36,881
110.7
-0.81
92.47
1976
 
10,147
0.283
35,814
107.5
-2.89
87.86
1977
 
10,518
0.302
34,857
104.7
-2.67
84.74
1978
 
11,957
0.323
37,046
111.2
6.28
88.85
1979
 
12,433
0.351
35,378
106.2
-4.50
85.34
1980
 
13,307
0.389
34,183
102.6
-3.38
84.99
1981
 
14,664
0.424
34,572
103.8
1.14
85.92
1982
 
15,062
0.448
33,643
101.0
-2.69
83.73
1983
 
15,473
0.467
33,149
99.5
-1.47
81.78
1984
 
15,776
0.484
32,568
97.8
-1.75
78.17
1985
 
15,849
0.501
31,616
94.9
-2.92
75.01
1986
 
16,826
0.512
32,851
98.6
3.91
76.21
1987
 
17,318
0.528
32,799
98.5
-0.16
74.89
1988
 
17,451
0.549
31,808
95.5
-3.02
71.50
1989
 
18,844
0.573
32,908
98.8
3.46
74.01
1990
 
19,448
0.598
32,536
97.7
-1.13
73.12
1991
 
20,685
0.618
33,485
100.5
2.92
75.12
1992
 
21,563
0.634
34,001
102.1
1.54
73.40
1993
 
23,015
0.650
35,408
106.3
4.14
76.46
1994
 
22,302
0.664
33,610
100.9
-5.08
72.15
1995
 
22,536
0.678
33,261
99.9
-1.04
71.30
1996
 
22,736
0.692
32,854
98.6
-1.23
69.29
1997
 
23,215
0.704
32,973
99.0
0.36
67.85
1998
 
24,396
0.710
34,377
103.2
4.26
67.75
1999
 
24,985
0.720
34,700
104.2
0.94
66.18
2000
 
25,794
0.738
34,941
104.9
0.69
64.64
2001
 
26,473
0.753
35,156
105.6
0.61
63.83
2002
 
27,461
0.763
35,995
108.1
2.39
64.76
2003
 
29,081
0.779
37,334
112.1
3.72
66.62
2004
 
30,909
0.798
38,719
116.3
3.71
68.00
2005
 
32,655
0.821
39,761
119.4
2.69
70.00
2006
 
33,858
0.844
40,097
120.4
0.85
69.89
2007
 
35,075
0.866
40,500
121.6
1.00
71.03
2008
 
36,145
0.892
40,535
121.7
0.09
71.86
2009
 
36,292
0.889
40,814
122.5
0.69
72.53
2010
 
38,157
0.905
42,156
126.6
3.29
73.11
2011
 
40,002
0.928
43,103
129.4
2.25
74.58
2012
 
41,367
0.945
43,759
131.4
1.52
75.13
2013
 
42,084
0.958
43,938
131.9
0.41
75.37
2014
 
42,769
0.971
44,037
132.2
0.23
75.05
2015
 
43,638
0.973
44,849
134.7
1.84
75.23
2016
 
43,363
0.983
44,120
132.5
-1.63
74.15
2017
 
44,616
1.000
44,616
134.0
1.12
73.95
2018
 
45,963
1.020
45,041
135.2
0.95
74.01
2019
 
48,402
1.035
46,759
140.4
3.81
75.14
2020
 
51,143
1.046
48,877
146.7
4.53
75.90
2021
 
53,830
1.090
49,385
148.3
1.04
76.44
2022
 
56,993
1.160
49,114
147.5
-0.55
79.61
Source: Calculations by the Montana Regional Economic Analysis Project (MT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
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, 1969-2022
 
1969
 
7,179
0.189
38,018
100.0
N
1970
 
7,596
0.198
38,430
101.1
1.08
1971
 
8,103
0.206
39,326
103.4
2.33
1972
 
8,691
0.213
40,786
107.3
3.71
1973
 
9,336
0.225
41,579
109.4
1.94
1974
 
9,928
0.248
40,044
105.3
-3.69
1975
 
10,713
0.269
39,883
104.9
-0.40
1976
 
11,549
0.283
40,761
107.2
2.20
1977
 
12,412
0.302
41,131
108.2
0.91
1978
 
13,457
0.323
41,694
109.7
1.37
1979
 
14,568
0.351
41,454
109.0
-0.58
1980
 
15,657
0.389
40,220
105.8
-2.98
1981
 
17,066
0.424
40,237
105.8
0.04
1982
 
17,989
0.448
40,181
105.7
-0.14
1983
 
18,920
0.467
40,535
106.6
0.88
1984
 
20,181
0.484
41,663
109.6
2.78
1985
 
21,130
0.501
42,152
110.9
1.17
1986
 
22,078
0.512
43,104
113.4
2.26
1987
 
23,126
0.528
43,799
115.2
1.61
1988
 
24,408
0.549
44,487
117.0
1.57
1989
 
25,460
0.573
44,462
117.0
-0.05
1990
 
26,599
0.598
44,498
117.0
0.08
1991
 
27,537
0.618
44,577
117.3
0.18
1992
 
29,378
0.634
46,323
121.8
3.92
1993
 
30,101
0.650
46,309
121.8
-0.03
1994
 
30,909
0.664
46,580
122.5
0.59
1995
 
31,605
0.678
46,646
122.7
0.14
1996
 
32,810
0.692
47,411
124.7
1.64
1997
 
34,218
0.704
48,600
127.8
2.51
1998
 
36,011
0.710
50,743
133.5
4.41
1999
 
37,751
0.720
52,432
137.9
3.33
2000
 
39,903
0.738
54,053
142.2
3.09
2001
 
41,477
0.753
55,080
144.9
1.90
2002
 
42,406
0.763
55,584
146.2
0.92
2003
 
43,655
0.779
56,045
147.4
0.83
2004
 
45,456
0.798
56,943
149.8
1.60
2005
 
46,648
0.821
56,800
149.4
-0.25
2006
 
48,442
0.844
57,368
150.9
1.00
2007
 
49,382
0.866
57,019
150.0
-0.61
2008
 
50,298
0.892
56,407
148.4
-1.07
2009
 
50,041
0.889
56,276
148.0
-0.23
2010
 
52,191
0.905
57,661
151.7
2.46
2011
 
53,633
0.928
57,792
152.0
0.23
2012
 
55,061
0.945
58,245
153.2
0.78
2013
 
55,837
0.958
58,296
153.3
0.09
2014
 
56,990
0.971
58,680
154.3
0.66
2015
 
58,005
0.973
59,615
156.8
1.59
2016
 
58,480
0.983
59,501
156.5
-0.19
2017
 
60,329
1.000
60,329
158.7
1.39
2018
 
62,102
1.020
60,856
160.1
0.87
2019
 
64,419
1.035
62,233
163.7
2.26
2020
 
67,378
1.046
64,393
169.4
3.47
2021
 
70,421
1.090
64,606
169.9
0.33
2022
 
71,586
1.160
61,690
162.3
-4.51
Source: Calculations by the Montana Regional Economic Analysis Project (MT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1400_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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