Southeast Fairbanks Census Area vs. Alaska
Comparative Trends Analysis:
Average Earnings Per Job Growth and Change, 1969-2022
Introduction
Southeast Fairbanks Census Area vs. Alaska
Southeast Fairbanks Census Area:
2022 Avg. Earnings = $91,249
2022 Percent of State = 120.96%
Alaska:
2022 Avg. Earnings = $75,436
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 the Southeast Fairbanks Census Area with comparisons to Alaska and the nation is an important first step in understanding the economic forces at play in the Southeast Fairbanks Census Area.
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.
Southeast Fairbanks Census Area Average Earnings Per Job, 1980-2022
Current vs. Constant Dollars
Southeast Fairbanks Census Area Average Earnings Per Job, 1980-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts the Southeast Fairbanks Census Area's annual average earnings per job over 1980-2022 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 the Southeast Fairbanks Census Area over time.
When measured in current dollars, the Southeast Fairbanks Census Area's average earnings per job increased 384.27%, from $18,842 in 1980 to $91,249 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 62.46%, from $48,403 in 1980 to $78,633 in 2022.
Real Average Earnings Per Job, 1979-2022
Real Average Earnings Per Job, 1979-2022
Figure 2.
Figure 2 traces the Southeast Fairbanks Census Area's and Alaska's annual real average earnings per job for the period 1979-2022 to illustrate real average earnings per job patterns over time. During this 44-year period, the Southeast Fairbanks Census Area's real average earnings per job rose from $50,893 in 1979 to $78,633 in 2022, for a net gain of $27,741, or 54.51%. In comparison, Alaska's real average earnings per job increased from $61,300 in 1979 to $65,007 in 2022, for a net gain of $3,707, or 6.05%.
Real Average Earnings Per Job Indices (1979=100): 1979-2022
Real Average Earnings Per Job Indices (1979=100): 1979-2022
Figure 3.
Figure 3 shows the Southeast Fairbanks Census Area's real average earnings per job growth in a broader context by offering direct comparisons across time with Alaska, the United States. The growth indices shown here express each region's real average earnings per job in 1979 as a base figure of 100, and the real average earnings per jobs in later years as a percentage of the 1979 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.
The Southeast Fairbanks Census Area's overall real average earnings per job growth was 54.51% over 1979-2022 outpaced Alaska's increase of 6.05%, and topped the United States' increase of 48.81%.
Average Earnings Per Job as a Percent of the U.S. Average: 1979-2022
Average Earnings Per Job as a Percent of the U.S. Average: 1979-2022
Figure 4.
Figure 4 depicts the trends for average earnings per job relative to the national average by tracing the Southeast Fairbanks Census Area and Alaska average earnings per job as a percent of the national average over 1979-2022.
In 1979, the Southeast Fairbanks Census Area's average earnings per job amounted to 122.77% of the national average; in 2022, it approximated 127.47%. Similarly, in 1979, Alaska's average earnings per job totaled 147.87% of the national average; in 2022, it consisted of 105.38%.
Southeast Fairbanks Census Area Real Average Earnings Per Job:
Annual Percent Change, 1980-2022
Southeast Fairbanks Census Area Real Average Earnings Per Job:
Annual Percent Change, 1980-2022
Figure 5.
Figure 5 displays the short-run pattern of the Southeast Fairbanks Census Area's real average earnings per job growth by tracking the year-to-year percent change over 1980-2022. The average annual percent change for the entire 43-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, the Southeast Fairbanks Census Area's real average earnings per job grew at an annual rate of 1.16% over 1980-2022. The census area recorded its highest growth in 2005 (15.21%) and posted its lowest growth in 1987 (-14.69%). In 2022, the Southeast Fairbanks Census Area's real average earnings per job declined by -2.56%
Southeast Fairbanks Census Area Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1980-2022
Southeast Fairbanks Census Area Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1980-2022
Figure 6.
Over the past five decades some census areas have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again illustrates the annual percent change in the Southeast Fairbanks Census Area's real average earnings per job since 1980, but this time they are displayed with average growth rates for the decade of the 1980s, 1990s, 2000s, 2010s, and 2020-2022.
During the 1980s, the Southeast Fairbanks Census Area's annual real average earnings per job growth rate averaged -1.39%. It averaged 0.48% in the 1990s, 4.73% throughout the 2000s, 0.86% in the 2010s, 0.99% thus far this decade (2020-2022).
Real Average Earnings Per Job Growth:
Average Annual Percent Change by Decade
Real Average Earnings Per Job Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for the Southeast Fairbanks Census Area noted in the previous graph with the corresponding decade averages for Alaska and the nation. As the chart reveals, the Southeast Fairbanks Census Area's average annual real average earnings per job growth lagged Alaska's average in the 1980s (-1.39% vs. -1.07%), exceeded Alaska's average in the 1990s (0.48% vs. -0.11%), outgained Alaska's average throughout the 2000s (4.73% vs. 1.78%), topped Alaska's average during the 2010s (0.86% vs. 0.54%), and outperformed Alaska's average over the 3 year period of the current decade, 2020-2022 (0.99% vs. -1.48%).
Finally, relative to nationwide real average earnings per job growth trends, the Southeast Fairbanks Census Area recorded underneath the nation over the 1980s (-1.39% vs. 0.71%), recorded underneath the nation over the 1990s (0.48% vs. 1.68%), topped the nation in the 2000s (4.73% vs. 0.72%), recorded underneath the nation over the 2010s (0.86% vs. 1.01%), and led the nation over 2020-2022 (0.99% vs. -0.24%).
   
 
Real* Average Earnings Per Job Growth:
Average Annual Percent Change
 
 
 
1.16
-1.39
0.48
4.73
0.86
0.99
-2.56
 
0.17
-1.07
-0.11
1.78
0.54
-1.48
-4.83
 
0.94
0.71
1.68
0.72
1.01
-0.24
-4.51
 
   

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

   
 
Southeast Fairbanks Census Area:
Average Earnings Per Job, 1969-2022
 
1969
 
N
0.189
N
N
N
N
N
1970
 
N
0.198
N
N
N
N
N
1971
 
N
0.206
N
N
N
N
N
1972
 
N
0.213
N
N
N
N
N
1973
 
N
0.225
N
N
N
N
N
1974
 
N
0.248
N
N
N
N
N
1975
 
N
0.269
N
N
N
N
N
1976
 
N
0.283
N
N
N
N
N
1977
 
N
0.302
N
N
N
N
N
1978
 
N
0.323
N
N
N
N
N
1979
 
17,885
0.351
50,893
N
N
83.02
122.77
1980
 
18,842
0.389
48,403
N
-4.89
78.36
120.35
1981
 
21,884
0.424
51,595
N
6.59
81.51
128.23
1982
 
22,796
0.448
50,917
N
-1.31
80.52
126.72
1983
 
24,512
0.467
52,515
N
3.14
82.87
129.56
1984
 
24,931
0.484
51,468
N
-1.99
82.95
123.53
1985
 
26,417
0.501
52,699
N
2.39
85.56
125.02
1986
 
27,760
0.512
54,199
N
2.85
89.53
125.74
1987
 
24,415
0.528
46,239
N
-14.69
83.76
105.57
1988
 
24,588
0.549
44,816
N
-3.08
82.38
100.74
1989
 
24,911
0.573
43,503
N
-2.93
79.34
97.84
1990
 
26,653
0.598
44,589
N
2.50
82.60
100.20
1991
 
28,306
0.618
45,821
N
2.76
85.76
102.79
1992
 
28,193
0.634
44,454
N
-2.98
81.60
95.97
1993
 
28,761
0.650
44,248
N
-0.46
81.96
95.55
1994
 
31,713
0.664
47,792
N
8.01
89.40
102.60
1995
 
31,847
0.678
47,005
N
-1.65
88.89
100.77
1996
 
30,664
0.692
44,310
N
-5.73
85.16
93.46
1997
 
30,751
0.704
43,676
N
-1.43
82.94
89.87
1998
 
31,656
0.710
44,607
N
2.13
83.28
87.91
1999
 
32,637
0.720
45,329
N
1.62
83.62
86.45
2000
 
34,425
0.738
46,633
N
2.88
84.56
86.27
2001
 
32,169
0.753
42,720
N
-8.39
74.53
77.56
2002
 
36,944
0.763
48,426
N
13.36
82.42
87.12
2003
 
42,380
0.779
54,407
N
12.35
90.68
97.08
2004
 
43,169
0.798
54,078
N
-0.60
89.63
94.97
2005
 
51,169
0.821
62,305
N
15.21
101.86
109.69
2006
 
55,994
0.844
66,312
N
6.43
108.14
115.59
2007
 
59,242
0.866
68,403
N
3.15
111.39
119.97
2008
 
60,415
0.892
67,753
N
-0.95
109.72
120.11
2009
 
62,583
0.889
70,381
N
3.88
108.93
125.06
2010
 
65,364
0.905
72,215
N
2.61
107.72
125.24
2011
 
67,184
0.928
72,394
N
0.25
106.41
125.27
2012
 
64,369
0.945
68,091
N
-5.94
100.28
116.90
2013
 
66,081
0.958
68,991
N
1.32
102.64
118.35
2014
 
67,506
0.971
69,507
N
0.75
102.56
118.45
2015
 
68,231
0.973
70,125
N
0.89
100.94
117.63
2016
 
68,319
0.983
69,512
N
-0.87
102.79
116.83
2017
 
70,729
1.000
70,729
N
1.75
105.83
117.24
2018
 
75,362
1.020
73,850
N
4.41
109.20
121.35
2019
 
79,101
1.035
76,416
N
3.48
112.23
122.79
2020
 
81,476
1.046
77,866
N
1.90
111.00
120.92
2021
 
87,968
1.090
80,703
N
3.64
118.15
124.92
2022
 
91,249
1.160
78,633
N
-2.56
120.96
127.47
Source: Calculations by the Alaska Regional Economic Analysis Project (AK-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.

   
 
Alaska:
Average Earnings Per Job, 1969-2022
 
1969
 
9,982
0.189
52,865
100.0
N
139.05
1970
 
10,896
0.198
55,124
104.3
4.27
143.44
1971
 
11,677
0.206
56,668
107.2
2.80
144.10
1972
 
12,362
0.213
58,016
109.7
2.38
142.24
1973
 
12,931
0.225
57,585
108.9
-0.74
138.50
1974
 
15,160
0.248
61,148
115.7
6.19
152.70
1975
 
19,507
0.269
72,624
137.4
18.77
182.09
1976
 
22,612
0.283
79,809
151.0
9.89
195.79
1977
 
21,458
0.302
71,109
134.5
-10.90
172.88
1978
 
20,918
0.323
64,809
122.6
-8.86
155.44
1979
 
21,543
0.351
61,300
116.0
-5.41
147.87
1980
 
24,047
0.389
61,774
116.9
0.77
153.59
1981
 
26,847
0.424
63,297
119.7
2.47
157.31
1982
 
28,310
0.448
63,232
119.6
-0.10
157.37
1983
 
29,580
0.467
63,372
119.9
0.22
156.34
1984
 
30,053
0.484
62,044
117.4
-2.10
148.92
1985
 
30,876
0.501
61,594
116.5
-0.72
146.13
1986
 
31,007
0.512
60,539
114.5
-1.71
140.45
1987
 
29,149
0.528
55,204
104.4
-8.81
126.04
1988
 
29,848
0.549
54,402
102.9
-1.45
122.29
1989
 
31,396
0.573
54,830
103.7
0.79
123.32
1990
 
32,266
0.598
53,980
102.1
-1.55
121.31
1991
 
33,005
0.618
53,429
101.1
-1.02
119.86
1992
 
34,550
0.634
54,479
103.1
1.96
117.61
1993
 
35,093
0.650
53,988
102.1
-0.90
116.58
1994
 
35,474
0.664
53,460
101.1
-0.98
114.77
1995
 
35,829
0.678
52,880
100.0
-1.08
113.36
1996
 
36,007
0.692
52,031
98.4
-1.61
109.74
1997
 
37,077
0.704
52,662
99.6
1.21
108.36
1998
 
38,013
0.710
53,565
101.3
1.71
105.56
1999
 
39,029
0.720
54,206
102.5
1.20
103.38
2000
 
40,713
0.738
55,150
104.3
1.74
102.03
2001
 
43,160
0.753
57,316
108.4
3.93
104.06
2002
 
44,826
0.763
58,756
111.1
2.51
105.71
2003
 
46,733
0.779
59,995
113.5
2.11
107.05
2004
 
48,166
0.798
60,338
114.1
0.57
105.96
2005
 
50,233
0.821
61,165
115.7
1.37
107.69
2006
 
51,780
0.844
61,322
116.0
0.26
106.89
2007
 
53,185
0.866
61,410
116.2
0.14
107.70
2008
 
55,063
0.892
61,750
116.8
0.55
109.47
2009
 
57,452
0.889
64,610
122.2
4.63
114.81
2010
 
60,679
0.905
67,038
126.8
3.76
116.26
2011
 
63,135
0.928
68,030
128.7
1.48
117.72
2012
 
64,189
0.945
67,900
128.4
-0.19
116.58
2013
 
64,382
0.958
67,218
127.2
-1.00
115.30
2014
 
65,821
0.971
67,772
128.2
0.83
115.50
2015
 
67,596
0.973
69,472
131.4
2.51
116.53
2016
 
66,467
0.983
67,628
127.9
-2.65
113.66
2017
 
66,833
1.000
66,833
126.4
-1.17
110.78
2018
 
69,014
1.020
67,630
127.9
1.19
111.13
2019
 
70,478
1.035
68,086
128.8
0.67
109.41
2020
 
73,402
1.046
70,150
132.7
3.03
108.94
2021
 
74,453
1.090
68,305
129.2
-2.63
105.73
2022
 
75,436
1.160
65,007
123.0
-4.83
105.38
Source: Calculations by the Alaska Regional Economic Analysis Project (AK-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 Alaska Regional Economic Analysis Project (AK-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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