Jessamine County vs. Kentucky
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Jessamine County vs. Kentucky
Jessamine County:
2022 Earnings = $1,546,040K
2022 Percent of State = 0.98%
Kentucky:
2022 Earnings = $157,881,490K
2022 Percent of U.S. = 1.04%
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.
Jessamine County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Jessamine County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Jessamine 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 Jessamine County over time.
When measured in current dollars, Jessamine County's total industry earnings increased 6,595.71%, from $23M in 1970 to $1,546M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 1,040.50%, from $117M in 1970 to $1,332M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Jessamine County's and Kentucky'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, Jessamine County's real total industry earnings rose from $119M in 1969 to $1,332M in 2022, for a net gain of $1,214M, or 1,022.46%. In comparison, Kentucky's real total industry earnings increased from $41,952M in 1969 to $136,054M in 2022, for a net gain of $94,102M, or 224.31%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Jessamine County's real total industry earnings growth in a broader context by offering direct comparisons across time with Kentucky, 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.
Jessamine County's overall real total industry earnings growth was 1,022.46% over 1969-2022 outpaced Kentucky's increase of 224.31%, and outpaced the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Kentucky Total: 1969-2022
Total Industry Earnings as a Percent of the Kentucky Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of Jessamine County is to trace its individual percentage contributions to Kentucky'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 Kentucky's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Jessamine County's total industry earnings comprised 0.28% of Kentucky's total industry earnings, while in 2022 it equated to 0.98% thereby yielding a +0.70% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+0.70%
=
0.98%
-
0.28%
 
   
Jessamine County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Jessamine County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Jessamine 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, Jessamine County's real total industry earnings grew at an annual rate of 4.80% over 1970-2022. The county recorded its highest growth in 1984 (24.31%) and posted its lowest growth in 2009 (-5.74%). In 2022, Jessamine County's real total industry earnings grew by 2.95%
Jessamine County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Jessamine 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 Jessamine 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, Jessamine County's annual real total industry earnings growth rate averaged 6.34%. It averaged 5.53% throughout the 1980s, 8.04% in the 1990s, 0.83% throughout the 2000s, 3.65% in the 2010s, 3.57% 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 Jessamine County noted in the previous graph with the corresponding decade averages for Kentucky and the nation. As the chart reveals, Jessamine County's average annual real total industry earnings growth registered above Kentucky's average throughout the 1970s (6.34% vs. 4.06%), led Kentucky's average throughout the 1980s (5.53% vs. 1.28%), led Kentucky's average in the 1990s (8.04% vs. 3.27%), amounted to less than Kentucky's average during the 2000s (0.83% vs. 1.21%), led Kentucky's average in the 2010s (3.65% vs. 1.77%), and outpaced Kentucky's average over the 3 year period of the current decade, 2020-2022 (3.57% vs. 1.71%).
Finally, relative to nationwide real total industry earnings growth trends, Jessamine County surpassed the nation over the 1970s (6.34% vs. 3.13%), recorded above the nation during the 1980s (5.53% vs. 2.62%), surpassed the nation in the 1990s (8.04% vs. 3.43%), fell under the nation during the 2000s (0.83% vs. 1.47%), topped the nation during the 2010s (3.65% vs. 2.53%), and outperformed the nation over 2020-2022 (3.57% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
4.80
6.34
5.53
8.04
0.83
3.65
3.57
2.95
 
2.28
4.06
1.28
3.27
1.21
1.77
1.71
0.38
 
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.

   
 
Jessamine County:
Total Industry Earnings, 1969-2022
 
1969
 
22,413
0.189
118,694
100.0
N
0.28
1970
 
23,090
0.198
116,817
98.4
-1.58
0.27
1971
 
24,996
0.206
121,310
102.2
3.85
0.27
1972
 
28,948
0.213
135,855
114.5
11.99
0.28
1973
 
34,765
0.225
154,821
130.4
13.96
0.30
1974
 
43,957
0.248
177,296
149.4
14.52
0.34
1975
 
49,526
0.269
184,386
155.3
4.00
0.36
1976
 
58,673
0.283
207,084
174.5
12.31
0.38
1977
 
63,686
0.302
211,049
177.8
1.91
0.37
1978
 
71,501
0.323
221,530
186.6
4.97
0.37
1979
 
75,865
0.351
215,875
181.9
-2.55
0.35
1980
 
88,286
0.389
226,793
191.1
5.06
0.39
1981
 
96,873
0.424
228,393
192.4
0.71
0.39
1982
 
100,394
0.448
224,239
188.9
-1.82
0.39
1983
 
109,212
0.467
233,979
197.1
4.34
0.42
1984
 
140,884
0.484
290,848
245.0
24.31
0.47
1985
 
149,247
0.501
297,732
250.8
2.37
0.48
1986
 
156,755
0.512
306,049
257.8
2.79
0.49
1987
 
169,887
0.528
321,743
271.1
5.13
0.50
1988
 
194,524
0.549
354,550
298.7
10.20
0.52
1989
 
207,432
0.573
362,257
305.2
2.17
0.52
1990
 
228,226
0.598
381,808
321.7
5.40
0.54
1991
 
240,852
0.618
389,892
328.5
2.12
0.54
1992
 
254,209
0.634
400,834
337.7
2.81
0.53
1993
 
264,265
0.650
406,562
342.5
1.43
0.52
1994
 
286,178
0.664
431,277
363.4
6.08
0.54
1995
 
337,663
0.678
498,366
419.9
15.56
0.61
1996
 
380,387
0.692
549,668
463.1
10.29
0.66
1997
 
439,887
0.704
624,777
526.4
13.66
0.71
1998
 
483,975
0.710
681,972
574.6
9.15
0.74
1999
 
559,461
0.720
777,018
654.6
13.94
0.81
2000
 
609,439
0.738
825,552
695.5
6.25
0.82
2001
 
639,932
0.753
849,821
716.0
2.94
0.84
2002
 
641,197
0.763
840,462
708.1
-1.10
0.82
2003
 
668,748
0.779
858,536
723.3
2.15
0.82
2004
 
700,232
0.798
877,187
739.0
2.17
0.81
2005
 
732,455
0.821
891,857
751.4
1.67
0.80
2006
 
779,083
0.844
922,647
777.3
3.45
0.82
2007
 
798,366
0.866
921,826
776.6
-0.09
0.82
2008
 
794,242
0.892
890,705
750.4
-3.38
0.80
2009
 
746,527
0.889
839,540
707.3
-5.74
0.77
2010
 
775,015
0.905
856,238
721.4
1.99
0.77
2011
 
803,528
0.928
865,833
729.5
1.12
0.77
2012
 
847,565
0.945
896,572
755.4
3.55
0.78
2013
 
891,913
0.958
931,200
784.5
3.86
0.80
2014
 
964,767
0.971
993,366
836.9
6.68
0.85
2015
 
1,009,941
0.973
1,037,977
874.5
4.49
0.85
2016
 
1,045,678
0.983
1,063,935
896.4
2.50
0.87
2017
 
1,127,309
1.000
1,127,309
949.8
5.96
0.91
2018
 
1,174,724
1.020
1,151,160
969.9
2.12
0.92
2019
 
1,241,951
1.035
1,199,802
1,010.8
4.23
0.93
2020
 
1,276,214
1.046
1,219,682
1,027.6
1.66
0.94
2021
 
1,410,666
1.090
1,294,177
1,090.3
6.11
0.95
2022
 
1,546,040
1.160
1,332,299
1,122.5
2.95
0.98
Source: Calculations by the Kentucky Regional Economic Analysis Project (KY-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.

   
 
Kentucky:
Total Industry Earnings, 1969-2022
 
1969
 
7,921,774
0.189
41,951,883
100.0
N
1.21
1970
 
8,450,879
0.198
42,754,624
101.9
1.91
1.22
1971
 
9,180,222
0.206
44,553,371
106.2
4.21
1.24
1972
 
10,214,500
0.213
47,937,394
114.3
7.60
1.25
1973
 
11,544,541
0.225
51,411,895
122.5
7.25
1.26
1974
 
12,867,920
0.248
51,901,424
123.7
0.95
1.29
1975
 
13,589,288
0.269
50,593,031
120.6
-2.52
1.28
1976
 
15,371,828
0.283
54,254,149
129.3
7.24
1.31
1977
 
17,430,475
0.302
57,762,709
137.7
6.47
1.34
1978
 
19,546,990
0.323
60,561,997
144.4
4.85
1.32
1979
 
21,839,279
0.351
62,144,037
148.1
2.61
1.32
1980
 
22,749,629
0.389
58,440,272
139.3
-5.96
1.27
1981
 
24,858,226
0.424
58,607,158
139.7
0.29
1.27
1982
 
25,688,514
0.448
57,377,575
136.8
-2.10
1.25
1983
 
26,293,695
0.467
56,332,366
134.3
-1.82
1.20
1984
 
29,863,190
0.484
61,651,128
147.0
9.44
1.23
1985
 
31,124,849
0.501
62,090,746
148.0
0.71
1.19
1986
 
31,876,688
0.512
62,236,061
148.4
0.23
1.14
1987
 
34,206,540
0.528
64,782,660
154.4
4.09
1.14
1988
 
37,605,240
0.549
68,541,402
163.4
5.80
1.15
1989
 
40,081,811
0.573
69,998,447
166.9
2.13
1.16
1990
 
42,389,611
0.598
70,915,284
169.0
1.31
1.15
1991
 
44,288,348
0.618
71,694,156
170.9
1.10
1.17
1992
 
48,270,644
0.634
76,112,652
181.4
6.16
1.19
1993
 
50,386,137
0.650
77,517,134
184.8
1.85
1.19
1994
 
53,110,657
0.664
80,038,967
190.8
3.25
1.19
1995
 
54,927,398
0.678
81,068,864
193.2
1.29
1.17
1996
 
58,007,891
0.692
83,822,798
199.8
3.40
1.17
1997
 
61,686,584
0.704
87,614,277
208.8
4.52
1.17
1998
 
65,425,209
0.710
92,191,031
219.8
5.22
1.15
1999
 
69,459,277
0.720
96,469,878
230.0
4.64
1.14
2000
 
74,352,005
0.738
100,717,950
240.1
4.40
1.13
2001
 
76,453,440
0.753
101,529,096
242.0
0.81
1.11
2002
 
78,523,102
0.763
102,925,774
245.3
1.38
1.12
2003
 
81,581,615
0.779
104,734,145
249.7
1.76
1.13
2004
 
86,805,994
0.798
108,742,648
259.2
3.83
1.13
2005
 
91,211,944
0.821
111,062,067
264.7
2.13
1.13
2006
 
94,922,796
0.844
112,414,491
268.0
1.22
1.11
2007
 
97,722,892
0.866
112,834,866
269.0
0.37
1.10
2008
 
99,794,612
0.892
111,915,007
266.8
-0.82
1.11
2009
 
96,512,103
0.889
108,536,907
258.7
-3.02
1.11
2010
 
100,659,621
0.905
111,208,897
265.1
2.46
1.12
2011
 
104,936,592
0.928
113,073,350
269.5
1.68
1.11
2012
 
108,328,484
0.945
114,592,088
273.2
1.34
1.10
2013
 
111,269,107
0.958
116,170,333
276.9
1.38
1.09
2014
 
113,919,189
0.971
117,296,145
279.6
0.97
1.07
2015
 
118,463,724
0.973
121,752,252
290.2
3.80
1.07
2016
 
120,008,736
0.983
122,104,041
291.1
0.29
1.06
2017
 
123,663,315
1.000
123,663,315
294.8
1.28
1.04
2018
 
127,920,844
1.020
125,354,831
298.8
1.37
1.03
2019
 
133,891,806
1.035
129,347,817
308.3
3.19
1.03
2020
 
136,111,717
1.046
130,082,398
310.1
0.57
1.03
2021
 
147,740,519
1.090
135,540,517
323.1
4.20
1.03
2022
 
157,881,490
1.160
136,054,299
324.3
0.38
1.04
Source: Calculations by the Kentucky Regional Economic Analysis Project (KY-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 Kentucky Regional Economic Analysis Project (KY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PN
 
   
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