Ashland County vs. Wisconsin
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Ashland County vs. Wisconsin
Ashland County:
2022 Earnings = $561,742K
2022 Percent of State = 0.23%
Wisconsin:
2022 Earnings = $248,309,929K
2022 Percent of U.S. = 1.63%
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.
Ashland County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Ashland County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Ashland 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 Ashland County over time.
When measured in current dollars, Ashland County's total industry earnings increased 1,253.66%, from $41M in 1970 to $562M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 130.57%, from $210M in 1970 to $484M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Ashland County's and Wisconsin'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, Ashland County's real total industry earnings rose from $213M in 1969 to $484M in 2022, for a net gain of $271M, or 126.95%. In comparison, Wisconsin's real total industry earnings advanced from $70,432M in 1969 to $213,981M in 2022, for a net gain of $143,549M, or 203.81%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Ashland County's real total industry earnings growth in a broader context by offering direct comparisons across time with Wisconsin, 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.
Ashland County's overall real total industry earnings growth was 126.95% over 1969-2022 trailed Wisconsin's increase of 203.81%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Wisconsin Total: 1969-2022
Total Industry Earnings as a Percent of the Wisconsin Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of Ashland County is to trace its individual percentage contributions to Wisconsin'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 Wisconsin's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Ashland County's total industry earnings totaled 0.30% of Wisconsin's total industry earnings, while in 2022 it totaled 0.23% thereby yielding a -0.08% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.08%
=
0.23%
-
0.30%
 
   
Ashland County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Ashland County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Ashland 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 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, Ashland County's real total industry earnings grew at an annual rate of 1.62% over 1970-2022. The county posted its highest growth in 1978 (14.34%) and recorded its lowest growth in 1980 (-10.43%). In 2022, Ashland County's real total industry earnings declined by -1.53%
Ashland County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Ashland 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 traces the annual percent change in Ashland 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, 2010s, and 2020-2022.
During the 1970s, Ashland County's annual real total industry earnings growth rate averaged 2.84%. It averaged 1.09% throughout the 1980s, 3.04% during the 1990s, 1.70% throughout the 2000s, 0.09% in the 2010s, -0.58% 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 Ashland County noted in the previous graph with the corresponding decade averages for Wisconsin and the nation. As the chart reveals, Ashland County's average annual real total industry earnings growth amounted to less than Wisconsin's average during the 1970s (2.84% vs. 3.19%), fell below Wisconsin's average during the 1980s (1.09% vs. 1.38%), posted below Wisconsin's average during the 1990s (3.04% vs. 3.69%), recorded above Wisconsin's average throughout the 2000s (1.70% vs. 1.06%), posted below Wisconsin's average throughout the 2010s (0.09% vs. 1.83%), and lagged Wisconsin's average over the 3 year period of the current decade, 2020-2022 (-0.58% vs. 0.87%).
Finally, relative to nationwide real total industry earnings growth trends, Ashland County recorded underneath the nation throughout the 1970s (2.84% vs. 3.13%), posted below the nation over the 1980s (1.09% vs. 2.62%), recorded underneath the nation over the 1990s (3.04% vs. 3.43%), recorded above the nation during the 2000s (1.70% vs. 1.47%), recorded underneath the nation over the 2010s (0.09% vs. 2.53%), and lagged the nation over 2020-2022 (-0.58% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.62
2.84
1.09
3.04
1.70
0.09
-0.58
-1.53
 
2.15
3.19
1.38
3.69
1.06
1.83
0.87
-0.45
 
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.

   
 
Ashland County:
Total Industry Earnings, 1969-2022
 
1969
 
40,277
0.189
213,298
100.0
N
0.30
1970
 
41,498
0.198
209,946
98.4
-1.57
0.30
1971
 
43,758
0.206
212,366
99.6
1.15
0.29
1972
 
46,003
0.213
215,895
101.2
1.66
0.28
1973
 
50,283
0.225
223,928
105.0
3.72
0.27
1974
 
53,870
0.248
217,279
101.9
-2.97
0.27
1975
 
60,511
0.269
225,283
105.6
3.68
0.28
1976
 
67,542
0.283
238,386
111.8
5.82
0.28
1977
 
74,903
0.302
248,220
116.4
4.13
0.28
1978
 
91,608
0.323
283,827
133.1
14.34
0.30
1979
 
98,172
0.351
279,350
131.0
-1.58
0.29
1980
 
97,403
0.389
250,213
117.3
-10.43
0.27
1981
 
104,626
0.424
246,672
115.6
-1.42
0.28
1982
 
112,392
0.448
251,038
117.7
1.77
0.29
1983
 
122,365
0.467
262,158
122.9
4.43
0.30
1984
 
130,393
0.484
269,190
126.2
2.68
0.29
1985
 
138,978
0.501
277,246
130.0
2.99
0.29
1986
 
150,721
0.512
294,268
138.0
6.14
0.30
1987
 
151,035
0.528
286,040
134.1
-2.80
0.28
1988
 
164,362
0.549
299,575
140.4
4.73
0.28
1989
 
176,335
0.573
307,950
144.4
2.80
0.28
1990
 
182,534
0.598
305,368
143.2
-0.84
0.27
1991
 
194,036
0.618
314,106
147.3
2.86
0.28
1992
 
200,958
0.634
316,868
148.6
0.88
0.27
1993
 
218,351
0.650
335,925
157.5
6.01
0.27
1994
 
233,404
0.664
351,745
164.9
4.71
0.27
1995
 
244,644
0.678
361,077
169.3
2.65
0.28
1996
 
255,935
0.692
369,832
173.4
2.42
0.27
1997
 
270,667
0.704
384,432
180.2
3.95
0.27
1998
 
286,413
0.710
403,586
189.2
4.98
0.27
1999
 
298,755
0.720
414,932
194.5
2.81
0.26
2000
 
314,300
0.738
425,754
199.6
2.61
0.26
2001
 
332,982
0.753
442,195
207.3
3.86
0.27
2002
 
340,548
0.763
446,380
209.3
0.95
0.26
2003
 
356,728
0.779
457,966
214.7
2.60
0.27
2004
 
381,660
0.798
478,109
224.2
4.40
0.27
2005
 
397,470
0.821
483,970
226.9
1.23
0.27
2006
 
419,324
0.844
496,594
232.8
2.61
0.28
2007
 
431,512
0.866
498,241
233.6
0.33
0.28
2008
 
435,102
0.892
487,947
228.8
-2.07
0.27
2009
 
436,113
0.889
490,450
229.9
0.51
0.28
2010
 
413,393
0.905
456,717
214.1
-6.88
0.26
2011
 
429,668
0.928
462,984
217.1
1.37
0.26
2012
 
455,468
0.945
481,803
225.9
4.06
0.26
2013
 
456,665
0.958
476,780
223.5
-1.04
0.26
2014
 
449,682
0.971
463,012
217.1
-2.89
0.25
2015
 
457,875
0.973
470,586
220.6
1.64
0.24
2016
 
466,158
0.983
474,297
222.4
0.79
0.24
2017
 
488,562
1.000
488,562
229.1
3.01
0.25
2018
 
491,604
1.020
481,743
225.9
-1.40
0.24
2019
 
509,986
1.035
492,678
231.0
2.27
0.24
2020
 
510,242
1.046
487,640
228.6
-1.02
0.23
2021
 
535,847
1.090
491,598
230.5
0.81
0.23
2022
 
561,742
1.160
484,081
227.0
-1.53
0.23
Source: Calculations by the Wisconsin Regional Economic Analysis Project (WI-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.

   
 
Wisconsin:
Total Industry Earnings, 1969-2022
 
1969
 
13,299,689
0.189
70,432,076
100.0
N
2.03
1970
 
13,996,652
0.198
70,811,758
100.5
0.54
2.02
1971
 
14,882,838
0.206
72,229,255
102.6
2.00
2.01
1972
 
16,364,845
0.213
76,801,413
109.0
6.33
2.00
1973
 
18,460,128
0.225
82,209,432
116.7
7.04
2.01
1974
 
19,988,459
0.248
80,621,381
114.5
-1.93
2.01
1975
 
21,371,022
0.269
79,564,490
113.0
-1.31
2.02
1976
 
23,719,629
0.283
83,717,323
118.9
5.22
2.02
1977
 
26,786,797
0.302
88,768,548
126.0
6.03
2.05
1978
 
30,116,657
0.323
93,309,756
132.5
5.12
2.04
1979
 
33,721,026
0.351
95,953,749
136.2
2.83
2.05
1980
 
35,788,170
0.389
91,934,263
130.5
-4.19
2.01
1981
 
37,867,430
0.424
89,278,392
126.8
-2.89
1.93
1982
 
38,813,606
0.448
86,693,632
123.1
-2.90
1.89
1983
 
40,336,114
0.467
86,417,247
122.7
-0.32
1.84
1984
 
44,867,823
0.484
92,627,476
131.5
7.19
1.84
1985
 
47,233,154
0.501
94,225,092
133.8
1.72
1.81
1986
 
50,210,889
0.512
98,031,764
139.2
4.04
1.80
1987
 
53,917,095
0.528
102,111,842
145.0
4.16
1.80
1988
 
57,909,729
0.549
105,549,492
149.9
3.37
1.78
1989
 
62,611,437
0.573
109,343,946
155.2
3.59
1.81
1990
 
66,619,910
0.598
111,451,125
158.2
1.93
1.81
1991
 
69,403,725
0.618
112,351,030
159.5
0.81
1.83
1992
 
75,563,055
0.634
119,147,044
169.2
6.05
1.86
1993
 
79,850,486
0.650
122,846,902
174.4
3.11
1.88
1994
 
85,198,939
0.664
128,396,737
182.3
4.52
1.91
1995
 
88,756,806
0.678
130,998,621
186.0
2.03
1.90
1996
 
93,623,218
0.692
135,287,803
192.1
3.27
1.89
1997
 
99,604,734
0.704
141,469,931
200.9
4.57
1.88
1998
 
106,642,979
0.710
150,271,223
213.4
6.22
1.87
1999
 
112,950,338
0.720
156,873,291
222.7
4.39
1.85
2000
 
119,592,326
0.738
162,000,929
230.0
3.27
1.81
2001
 
125,490,544
0.753
166,649,683
236.6
2.87
1.83
2002
 
129,879,609
0.763
170,242,373
241.7
2.16
1.86
2003
 
134,072,391
0.779
172,121,590
244.4
1.10
1.85
2004
 
141,101,383
0.798
176,758,970
251.0
2.69
1.84
2005
 
145,254,978
0.821
176,866,290
251.1
0.06
1.81
2006
 
151,722,160
0.844
179,680,436
255.1
1.59
1.78
2007
 
156,858,519
0.866
181,115,290
257.1
0.80
1.77
2008
 
159,732,596
0.892
179,132,663
254.3
-1.09
1.77
2009
 
154,756,462
0.889
174,038,148
247.1
-2.84
1.78
2010
 
158,659,374
0.905
175,287,109
248.9
0.72
1.76
2011
 
166,933,320
0.928
179,877,290
255.4
2.62
1.77
2012
 
172,983,043
0.945
182,985,003
259.8
1.73
1.76
2013
 
177,814,101
0.958
185,646,528
263.6
1.45
1.75
2014
 
183,139,236
0.971
188,568,112
267.7
1.57
1.73
2015
 
189,869,463
0.973
195,140,200
277.1
3.49
1.72
2016
 
192,623,851
0.983
195,986,988
278.3
0.43
1.70
2017
 
199,164,897
1.000
199,164,897
282.8
1.62
1.68
2018
 
208,428,701
1.020
204,247,750
290.0
2.55
1.68
2019
 
215,882,075
1.035
208,555,520
296.1
2.11
1.66
2020
 
220,125,725
1.046
210,374,851
298.7
0.87
1.67
2021
 
234,299,527
1.090
214,951,722
305.2
2.18
1.64
2022
 
248,309,929
1.160
213,980,963
303.8
-0.45
1.63
Source: Calculations by the Wisconsin Regional Economic Analysis Project (WI-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 Wisconsin Regional Economic Analysis Project (WI-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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