De Baca County vs. New Mexico
Comparative Trends Analysis:
Average Earnings Per Job Growth and Change, 1969-2022
Introduction
De Baca County vs. New Mexico
De Baca County:
2022 Avg. Earnings = $48,672
2022 Percent of State = 81.17%
New Mexico:
2022 Avg. Earnings = $59,962
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 De Baca County with comparisons to New Mexico and the nation is an important first step in understanding the economic forces at play in De Baca 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.
De Baca County Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
De Baca County Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts De Baca 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 De Baca County over time.
When measured in current dollars, De Baca County's average earnings per job increased 914.40%, from $4,798 in 1970 to $48,672 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 72.79%, from $24,275 in 1970 to $41,943 in 2022.
Real Average Earnings Per Job, 1969-2022
Real Average Earnings Per Job, 1969-2022
Figure 2.
Figure 2 tracks De Baca County's and New Mexico'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, De Baca County's real average earnings per job rose from $22,374 in 1969 to $41,943 in 2022, for a net gain of $19,569, or 87.46%. In comparison, New Mexico's real average earnings per job advanced from $34,386 in 1969 to $51,672 in 2022, for a net gain of $17,286, or 50.27%.
Real Average Earnings Per Job Indices (1969=100): 1969-2022
Real Average Earnings Per Job Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows De Baca County's real average earnings per job growth in a broader context by offering direct comparisons across time with New Mexico, 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.
De Baca County's overall real average earnings per job growth was 87.46% over 1969-2022 outpaced New Mexico's increase of 50.27%, and topped 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 depicts the trends for average earnings per job relative to the national average by tracing De Baca County and New Mexico average earnings per job as a percent of the national average over 1969-2022.
In 1969, De Baca County's average earnings per job amounted to 58.85% of the national average; in 2022, it approximated 67.99%. Similarly, in 1969, New Mexico's average earnings per job totaled 90.45% of the national average; in 2022, it consisted of 83.76%.
De Baca County Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
De Baca County Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of De Baca 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, De Baca County's real average earnings per job grew at an annual rate of 2.17% over 1970-2022. The county posted its highest growth in 2011 (48.28%) and recorded its lowest growth in 1974 (-28.04%). In 2022, De Baca County's real average earnings per job declined by -1.07%
De Baca County Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2022
De Baca 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 De Baca 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, De Baca County's annual real average earnings per job growth rate averaged 1.76%. It averaged 0.05% throughout the 1980s, 4.31% in the 1990s, 0.95% throughout the 2000s, 5.07% during the 2010s, -2.07% 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.

   
 
De Baca County:
Average Earnings Per Job, 1969-2022
 
1969
 
4,225
0.189
22,374
100.0
N
65.07
58.85
1970
 
4,798
0.198
24,275
108.5
8.49
68.75
63.17
1971
 
5,205
0.206
25,261
112.9
4.06
70.88
64.24
1972
 
6,355
0.213
29,824
133.3
18.06
81.37
73.12
1973
 
7,978
0.225
35,528
158.8
19.12
95.38
85.45
1974
 
6,339
0.248
25,568
114.3
-28.04
71.03
63.85
1975
 
6,508
0.269
24,228
108.3
-5.24
66.49
60.75
1976
 
5,897
0.283
20,812
93.0
-14.10
56.18
51.06
1977
 
6,367
0.302
21,101
94.3
1.39
56.48
51.30
1978
 
8,347
0.323
25,861
115.6
22.56
67.95
62.03
1979
 
8,292
0.351
23,596
105.5
-8.76
62.45
56.92
1980
 
7,153
0.389
18,376
82.1
-22.12
49.67
45.69
1981
 
8,229
0.424
19,401
86.7
5.58
52.41
48.22
1982
 
8,391
0.448
18,743
83.8
-3.39
50.88
46.65
1983
 
7,730
0.467
16,561
74.0
-11.64
44.95
40.86
1984
 
9,176
0.484
18,944
84.7
14.39
50.66
45.47
1985
 
10,689
0.501
21,323
95.3
12.55
56.44
50.59
1986
 
10,738
0.512
20,964
93.7
-1.68
55.49
48.64
1987
 
10,910
0.528
20,663
92.4
-1.44
55.45
47.18
1988
 
11,602
0.549
21,147
94.5
2.34
58.21
47.54
1989
 
12,825
0.573
22,397
100.1
5.91
61.69
50.37
1990
 
14,411
0.598
24,109
107.8
7.64
65.48
54.18
1991
 
16,062
0.618
26,001
116.2
7.85
70.14
58.33
1992
 
19,733
0.634
31,116
139.1
19.67
81.22
67.17
1993
 
21,107
0.650
32,472
145.1
4.36
83.31
70.12
1994
 
19,186
0.664
28,913
129.2
-10.96
74.00
62.07
1995
 
16,048
0.678
23,686
105.9
-18.08
61.08
50.78
1996
 
17,194
0.692
24,845
111.0
4.89
64.07
52.40
1997
 
18,528
0.704
26,316
117.6
5.92
66.50
54.15
1998
 
20,382
0.710
28,721
128.4
9.14
70.78
56.60
1999
 
23,295
0.720
32,354
144.6
12.65
78.78
61.71
2000
 
27,416
0.738
37,139
166.0
14.79
87.52
68.71
2001
 
29,462
0.753
39,125
174.9
5.35
89.10
71.03
2002
 
31,228
0.763
40,933
182.9
4.62
90.92
73.64
2003
 
29,316
0.779
37,636
168.2
-8.05
82.73
67.15
2004
 
30,616
0.798
38,353
171.4
1.90
82.93
67.35
2005
 
35,117
0.821
42,759
191.1
11.49
91.74
75.28
2006
 
48,915
0.844
57,928
258.9
35.48
123.11
100.98
2007
 
39,128
0.866
45,178
201.9
-22.01
96.46
79.23
2008
 
34,356
0.892
38,529
172.2
-14.72
81.61
68.31
2009
 
27,621
0.889
31,062
138.8
-19.38
65.01
55.20
2010
 
34,749
0.905
38,391
171.6
23.59
78.05
66.58
2011
 
52,829
0.928
56,925
254.4
48.28
114.85
98.50
2012
 
47,536
0.945
50,284
224.7
-11.67
102.49
86.33
2013
 
45,875
0.958
47,896
214.1
-4.75
100.21
82.16
2014
 
52,076
0.971
53,620
239.7
11.95
110.76
91.38
2015
 
46,006
0.973
47,283
211.3
-11.82
97.29
79.31
2016
 
46,584
0.983
47,398
211.8
0.24
97.33
79.66
2017
 
45,263
1.000
45,263
202.3
-4.50
92.74
75.03
2018
 
44,173
1.020
43,287
193.5
-4.37
87.79
71.13
2019
 
46,492
1.035
44,914
200.7
3.76
87.87
72.17
2020
 
49,228
1.046
47,048
210.3
4.75
88.93
73.06
2021
 
46,212
1.090
42,396
189.5
-9.89
79.62
65.62
2022
 
48,672
1.160
41,943
187.5
-1.07
81.17
67.99
Source: Calculations by the New Mexico Regional Economic Analysis Project (NM-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.

   
 
New Mexico:
Average Earnings Per Job, 1969-2022
 
1969
 
6,493
0.189
34,386
100.0
N
90.45
1970
 
6,979
0.198
35,306
102.7
2.68
91.87
1971
 
7,344
0.206
35,640
103.6
0.95
90.63
1972
 
7,810
0.213
36,651
106.6
2.84
89.86
1973
 
8,364
0.225
37,250
108.3
1.63
89.59
1974
 
8,925
0.248
35,998
104.7
-3.36
89.90
1975
 
9,787
0.269
36,435
106.0
1.21
91.35
1976
 
10,497
0.283
37,048
107.7
1.68
90.89
1977
 
11,274
0.302
37,362
108.7
0.85
90.83
1978
 
12,284
0.323
38,060
110.7
1.87
91.28
1979
 
13,278
0.351
37,782
109.9
-0.73
91.14
1980
 
14,401
0.389
36,995
107.6
-2.08
91.98
1981
 
15,700
0.424
37,016
107.6
0.06
92.00
1982
 
16,492
0.448
36,837
107.1
-0.48
91.68
1983
 
17,195
0.467
36,840
107.1
0.01
90.88
1984
 
18,113
0.484
37,394
108.7
1.50
89.75
1985
 
18,937
0.501
37,777
109.9
1.02
89.62
1986
 
19,350
0.512
37,779
109.9
0.00
87.64
1987
 
19,677
0.528
37,265
108.4
-1.36
85.08
1988
 
19,931
0.549
36,328
105.6
-2.51
81.66
1989
 
20,789
0.573
36,305
105.6
-0.06
81.65
1990
 
22,007
0.598
36,816
107.1
1.41
82.74
1991
 
22,900
0.618
37,071
107.8
0.69
83.16
1992
 
24,295
0.634
38,308
111.4
3.34
82.70
1993
 
25,334
0.650
38,975
113.3
1.74
84.16
1994
 
25,926
0.664
39,071
113.6
0.25
83.88
1995
 
26,275
0.678
38,780
112.8
-0.74
83.14
1996
 
26,835
0.692
38,777
112.8
-0.01
81.79
1997
 
27,863
0.704
39,574
115.1
2.05
81.43
1998
 
28,795
0.710
40,575
118.0
2.53
79.96
1999
 
29,568
0.720
41,066
119.4
1.21
78.32
2000
 
31,328
0.738
42,437
123.4
3.34
78.51
2001
 
33,067
0.753
43,913
127.7
3.48
79.73
2002
 
34,348
0.763
45,022
130.9
2.53
81.00
2003
 
35,435
0.779
45,491
132.3
1.04
81.17
2004
 
36,916
0.798
46,245
134.5
1.66
81.21
2005
 
38,279
0.821
46,610
135.5
0.79
82.06
2006
 
39,733
0.844
47,055
136.8
0.96
82.02
2007
 
40,565
0.866
46,838
136.2
-0.46
82.14
2008
 
42,099
0.892
47,212
137.3
0.80
83.70
2009
 
42,485
0.889
47,778
138.9
1.20
84.90
2010
 
44,520
0.905
49,186
143.0
2.95
85.30
2011
 
46,000
0.928
49,567
144.1
0.77
85.77
2012
 
46,380
0.945
49,062
142.7
-1.02
84.23
2013
 
45,781
0.958
47,798
139.0
-2.58
81.99
2014
 
47,016
0.971
48,410
140.8
1.28
82.50
2015
 
47,287
0.973
48,600
141.3
0.39
81.52
2016
 
47,861
0.983
48,696
141.6
0.20
81.84
2017
 
48,807
1.000
48,807
141.9
0.23
80.90
2018
 
50,315
1.020
49,305
143.4
1.02
81.02
2019
 
52,908
1.035
51,112
148.6
3.66
82.13
2020
 
55,357
1.046
52,905
153.9
3.51
82.16
2021
 
58,039
1.090
53,246
154.8
0.65
82.42
2022
 
59,962
1.160
51,672
150.3
-2.96
83.76
Source: Calculations by the New Mexico Regional Economic Analysis Project (NM-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 New Mexico Regional Economic Analysis Project (NM-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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