Lyman County vs. South Dakota | Average Earnings Per Job Trends over 1969-2022

Lyman County vs. South Dakota
Comparative Trends Analysis:
Average Earnings Per Job Growth and Change, 1969-2022

Introduction

Lyman County:

2022 Avg. Earnings = $57,108

2022 Percent of State = 88.05%

South Dakota:

2022 Avg. Earnings = $64,856

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 Lyman County with comparisons to South Dakota and the nation is an important first step in understanding the economic forces at play in Lyman 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.

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

Lyman County:
Average Earnings Per Job, 1969-2022


Year	Current Dollars	Implicit Price Deflator2	Constant Dollars	Index1	Percent Change	Percent of Statewide Average	Percent of U.S. Average
1969	5,275	0.189	27,937	100.0	N	97.21	73.48
1970	6,082	0.198	30,772	110.1	10.15	105.25	80.07
1971	6,016	0.206	29,196	104.5	-5.12	95.85	74.24
1972	7,519	0.213	35,289	126.3	20.87	103.37	86.52
1973	11,429	0.225	50,899	182.2	44.23	126.21	122.42
1974	8,442	0.248	34,049	121.9	-33.10	98.31	85.03
1975	10,006	0.269	37,254	133.3	9.41	108.05	93.41
1976	6,582	0.283	23,232	83.2	-37.64	76.24	57.00
1977	9,097	0.302	30,146	107.9	29.76	93.94	73.29
1978	10,781	0.323	33,403	119.6	10.80	98.76	80.12
1979	8,552	0.351	24,336	87.1	-27.15	72.46	58.70
1980	6,640	0.389	17,057	61.1	-29.91	59.46	42.41
1981	10,233	0.424	24,127	86.4	41.44	79.28	59.96
1982	8,839	0.448	19,742	70.7	-18.17	67.03	49.13
1983	13,431	0.467	28,775	103.0	45.75	99.99	70.99
1984	19,031	0.484	39,288	140.6	36.53	123.98	94.30
1985	14,105	0.501	28,138	100.7	-28.38	90.43	66.75
1986	17,863	0.512	34,876	124.8	23.95	109.25	80.91
1987	16,739	0.528	31,701	113.5	-9.11	98.35	72.38
1988	16,181	0.549	29,492	105.6	-6.97	91.92	66.29
1989	16,623	0.573	29,030	103.9	-1.57	90.48	65.29
1990	19,040	0.598	31,852	114.0	9.72	95.55	71.58
1991	18,703	0.618	30,277	108.4	-4.95	92.16	67.92
1992	16,277	0.634	25,666	91.9	-15.23	74.96	55.41
1993	20,337	0.650	31,288	112.0	21.91	91.80	67.56
1994	16,697	0.664	25,162	90.1	-19.58	72.30	54.02
1995	18,963	0.678	27,988	100.2	11.23	84.26	60.00
1996	20,942	0.692	30,262	108.3	8.13	84.28	63.83
1997	18,730	0.704	26,603	95.2	-12.09	75.21	54.74
1998	23,365	0.710	32,924	117.9	23.76	87.31	64.88
1999	24,056	0.720	33,411	119.6	1.48	87.23	63.72
2000	23,745	0.738	32,165	115.1	-3.73	82.91	59.51
2001	26,286	0.753	34,907	125.0	8.52	90.13	63.37
2002	19,076	0.763	25,005	89.5	-28.37	65.16	44.99
2003	31,662	0.779	40,647	145.5	62.56	97.46	72.53
2004	27,952	0.798	35,015	125.3	-13.86	80.66	61.49
2005	28,826	0.821	35,099	125.6	0.24	80.58	61.79
2006	21,189	0.844	25,094	89.8	-28.50	58.66	43.74
2007	30,944	0.866	35,730	127.9	42.38	79.72	62.66
2008	41,652	0.892	46,711	167.2	30.73	103.02	82.81
2009	30,099	0.889	33,849	121.2	-27.53	75.33	60.15
2010	35,742	0.905	39,487	141.3	16.66	84.45	68.48
2011	47,576	0.928	51,265	183.5	29.83	104.08	88.71
2012	42,766	0.945	45,239	161.9	-11.76	94.67	77.67
2013	49,410	0.958	51,587	184.7	14.03	106.44	88.49
2014	39,196	0.971	40,358	144.5	-21.77	82.92	68.78
2015	39,165	0.973	40,252	144.1	-0.26	81.25	67.52
2016	31,417	0.983	31,965	114.4	-20.59	65.91	53.72
2017	35,732	1.000	35,732	127.9	11.79	73.39	59.23
2018	39,530	1.020	38,737	138.7	8.41	77.70	63.65
2019	38,978	1.035	37,655	134.8	-2.79	72.20	60.51
2020	43,780	1.046	41,840	149.8	11.12	74.57	64.98
2021	53,828	1.090	49,383	176.8	18.03	86.37	76.44
2022	57,108	1.160	49,213	176.2	-0.34	88.05	79.78

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real average earnings per job determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

Source: Calculations by the South Dakota Regional Economic Analysis Project (SD-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis

November 2023

REAP_PI_CA1400_1400_PSN

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

South Dakota:
Average Earnings Per Job, 1969-2022


Year	Current Dollars	Implicit Price Deflator2	Constant Dollars	Index1	Percent Change	Percent of U.S. Average
1969	5,427	0.189	28,739	100.0	N	75.59
1970	5,779	0.198	29,236	101.7	1.73	76.08
1971	6,277	0.206	30,461	106.0	4.19	77.46
1972	7,274	0.213	34,138	118.8	12.07	83.70
1973	9,056	0.225	40,330	140.3	18.14	97.00
1974	8,587	0.248	34,635	120.5	-14.12	86.49
1975	9,261	0.269	34,477	120.0	-0.45	86.45
1976	8,634	0.283	30,473	106.0	-11.61	74.76
1977	9,684	0.302	32,091	111.7	5.31	78.02
1978	10,916	0.323	33,822	117.7	5.39	81.12
1979	11,803	0.351	33,586	116.9	-0.70	81.02
1980	11,167	0.389	28,686	99.8	-14.59	71.32
1981	12,908	0.424	30,432	105.9	6.08	75.63
1982	13,187	0.448	29,454	102.5	-3.21	73.30
1983	13,433	0.467	28,779	100.1	-2.29	71.00
1984	15,350	0.484	31,690	110.3	10.12	76.06
1985	15,598	0.501	31,116	108.3	-1.81	73.82
1986	16,351	0.512	31,924	111.1	2.60	74.06
1987	17,019	0.528	32,231	112.2	0.96	73.59
1988	17,604	0.549	32,085	111.6	-0.45	72.12
1989	18,371	0.573	32,083	111.6	-0.01	72.16
1990	19,926	0.598	33,335	116.0	3.90	74.91
1991	20,294	0.618	32,852	114.3	-1.45	73.70
1992	21,714	0.634	34,238	119.1	4.22	73.91
1993	22,154	0.650	34,083	118.6	-0.45	73.60
1994	23,094	0.664	34,804	121.1	2.12	74.72
1995	22,505	0.678	33,215	115.6	-4.56	71.21
1996	24,848	0.692	35,905	124.9	8.10	75.73
1997	24,905	0.704	35,373	123.1	-1.48	72.78
1998	26,760	0.710	37,708	131.2	6.60	74.31
1999	27,577	0.720	38,301	133.3	1.57	73.05
2000	28,640	0.738	38,795	135.0	1.29	71.77
2001	29,163	0.753	38,728	134.8	-0.17	70.31
2002	29,275	0.763	38,372	133.5	-0.92	69.03
2003	32,488	0.779	41,708	145.1	8.69	74.42
2004	34,652	0.798	43,409	151.0	4.08	76.23
2005	35,773	0.821	43,558	151.6	0.34	76.69
2006	36,125	0.844	42,782	148.9	-1.78	74.57
2007	38,818	0.866	44,821	156.0	4.77	78.61
2008	40,429	0.892	45,339	157.8	1.16	80.38
2009	39,955	0.889	44,933	156.3	-0.90	79.84
2010	42,322	0.905	46,758	162.7	4.06	81.09
2011	45,712	0.928	49,257	171.4	5.34	85.23
2012	45,176	0.945	47,788	166.3	-2.98	82.05
2013	46,421	0.958	48,465	168.6	1.42	83.14
2014	47,270	0.971	48,671	169.4	0.42	82.94
2015	48,200	0.973	49,538	172.4	1.78	83.10
2016	47,666	0.983	48,499	168.8	-2.10	81.51
2017	48,688	1.000	48,688	169.4	0.39	80.70
2018	50,877	1.020	49,857	173.5	2.40	81.93
2019	53,984	1.035	52,152	181.5	4.60	83.80
2020	58,708	1.046	56,107	195.2	7.58	87.13
2021	62,320	1.090	57,174	198.9	1.90	88.50
2022	64,856	1.160	55,889	194.5	-2.25	90.60

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real average earnings per job determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

Source: Calculations by the South Dakota Regional Economic Analysis Project (SD-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis

November 2023

REAP_PI_CA1400_1400_PSN

Interactive Table Tip: 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


Year	Current Dollars	Implicit Price Deflator2	Constant Dollars	Index1	Percent Change
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

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real average earnings per job determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

Source: Calculations by the South Dakota Regional Economic Analysis Project (SD-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis

November 2023

REAP_PI_CA1400_1400_PN

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