Monroe County vs. Wisconsin
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Monroe County vs. Wisconsin
Monroe County:
2022 Earnings = $1,704,362K
2022 Percent of State = 0.69%
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.
Monroe County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Monroe County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Monroe 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 Monroe County over time.
When measured in current dollars, Monroe County's total industry earnings increased 2,035.15%, from $80M in 1970 to $1,704M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 263.69%, from $404M in 1970 to $1,469M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Monroe 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, Monroe County's real total industry earnings rose from $422M in 1969 to $1,469M in 2022, for a net gain of $1,047M, or 248.19%. 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 shows Monroe 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.
Monroe County's overall real total industry earnings growth was 248.19% over 1969-2022 outpaced 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 Monroe 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, Monroe County's total industry earnings comprised 0.60% of Wisconsin's total industry earnings, while in 2022 it comprised 0.69% thereby yielding a +0.09% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+0.09%
=
0.69%
-
0.60%
 
   
Monroe County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Monroe County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Monroe 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, Monroe County's real total industry earnings grew at an annual rate of 2.46% over 1970-2022. The county recorded its highest growth in 1979 (10.40%) and recorded its lowest growth in 1981 (-14.00%). In 2022, Monroe County's real total industry earnings declined by -2.14%
Monroe County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Monroe 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 depicts the annual percent change in Monroe County's real total industry earnings 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, Monroe County's annual real total industry earnings growth rate averaged 4.07%. It averaged 0.37% during the 1980s, 2.98% during the 1990s, 2.99% throughout the 2000s, 2.40% during the 2010s, 0.76% 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 Monroe County noted in the previous graph with the corresponding decade averages for Wisconsin and the nation. As the chart reveals, Monroe County's average annual real total industry earnings growth recorded above Wisconsin's average during the 1970s (4.07% vs. 3.19%), recorded under Wisconsin's average during the 1980s (0.37% vs. 1.38%), amounted to less than Wisconsin's average in the 1990s (2.98% vs. 3.69%), surpassed Wisconsin's average throughout the 2000s (2.99% vs. 1.06%), recorded above Wisconsin's average during the 2010s (2.40% vs. 1.83%), and recorded under Wisconsin's average over the 3 year period of the current decade, 2020-2022 (0.76% vs. 0.87%).
Finally, relative to nationwide real total industry earnings growth trends, Monroe County registered above the nation throughout the 1970s (4.07% vs. 3.13%), posted below the nation throughout the 1980s (0.37% vs. 2.62%), trailed the nation over the 1990s (2.98% vs. 3.43%), registered above the nation in the 2000s (2.99% vs. 1.47%), lagged the nation in the 2010s (2.40% vs. 2.53%), and posted below the nation over 2020-2022 (0.76% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.46
4.07
0.37
2.98
2.99
2.40
0.76
-2.14
 
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.

   
 
Monroe County:
Total Industry Earnings, 1969-2022
 
1969
 
79,652
0.189
421,819
100.0
N
0.60
1970
 
79,824
0.198
403,845
95.7
-4.26
0.57
1971
 
89,932
0.206
436,457
103.5
8.08
0.60
1972
 
99,717
0.213
467,979
110.9
7.22
0.61
1973
 
108,983
0.225
485,340
115.1
3.71
0.59
1974
 
117,338
0.248
473,271
112.2
-2.49
0.59
1975
 
124,644
0.269
464,051
110.0
-1.95
0.58
1976
 
141,898
0.283
500,822
118.7
7.92
0.60
1977
 
160,603
0.302
532,221
126.2
6.27
0.60
1978
 
181,683
0.323
562,904
133.4
5.77
0.60
1979
 
218,397
0.351
621,452
147.3
10.40
0.65
1980
 
243,198
0.389
624,738
148.1
0.53
0.68
1981
 
227,874
0.424
537,249
127.4
-14.00
0.60
1982
 
237,098
0.448
529,579
125.5
-1.43
0.61
1983
 
240,233
0.467
514,682
122.0
-2.81
0.60
1984
 
267,302
0.484
551,832
130.8
7.22
0.60
1985
 
279,496
0.501
557,565
132.2
1.04
0.59
1986
 
299,991
0.512
585,703
138.9
5.05
0.60
1987
 
323,564
0.528
612,787
145.3
4.62
0.60
1988
 
337,224
0.549
614,643
145.7
0.30
0.58
1989
 
363,288
0.573
634,442
150.4
3.22
0.58
1990
 
373,510
0.598
624,860
148.1
-1.51
0.56
1991
 
403,655
0.618
653,438
154.9
4.57
0.58
1992
 
430,424
0.634
678,688
160.9
3.86
0.57
1993
 
446,667
0.650
687,180
162.9
1.25
0.56
1994
 
473,646
0.664
713,795
169.2
3.87
0.56
1995
 
491,426
0.678
725,309
171.9
1.61
0.55
1996
 
539,868
0.692
780,122
184.9
7.56
0.58
1997
 
564,176
0.704
801,307
190.0
2.72
0.57
1998
 
593,856
0.710
836,806
198.4
4.43
0.56
1999
 
611,358
0.720
849,097
201.3
1.47
0.54
2000
 
650,127
0.738
880,668
208.8
3.72
0.54
2001
 
661,634
0.753
878,641
208.3
-0.23
0.53
2002
 
710,571
0.763
931,396
220.8
6.00
0.55
2003
 
761,598
0.779
977,736
231.8
4.98
0.57
2004
 
841,682
0.798
1,054,383
250.0
7.84
0.60
2005
 
878,860
0.821
1,070,123
253.7
1.49
0.61
2006
 
913,931
0.844
1,082,344
256.6
1.14
0.60
2007
 
961,720
0.866
1,110,441
263.3
2.60
0.61
2008
 
1,009,998
0.892
1,132,666
268.5
2.00
0.63
2009
 
1,010,609
0.889
1,136,525
269.4
0.34
0.65
2010
 
1,087,067
0.905
1,200,993
284.7
5.67
0.69
2011
 
1,147,668
0.928
1,236,658
293.2
2.97
0.69
2012
 
1,166,646
0.945
1,234,102
292.6
-0.21
0.67
2013
 
1,203,139
0.958
1,256,135
297.8
1.79
0.68
2014
 
1,237,464
0.971
1,274,147
302.1
1.43
0.68
2015
 
1,299,075
0.973
1,335,137
316.5
4.79
0.68
2016
 
1,300,845
0.983
1,323,557
313.8
-0.87
0.68
2017
 
1,386,231
1.000
1,386,231
328.6
4.74
0.70
2018
 
1,443,467
1.020
1,414,512
335.3
2.04
0.69
2019
 
1,487,706
1.035
1,437,217
340.7
1.61
0.69
2020
 
1,561,523
1.046
1,492,352
353.8
3.84
0.71
2021
 
1,635,901
1.090
1,500,813
355.8
0.57
0.70
2022
 
1,704,362
1.160
1,468,733
348.2
-2.14
0.69
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 © 2024. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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