Union County vs. Illinois
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Union County vs. Illinois
Union County:
2022 Earnings = $322,277K
2022 Percent of State = 0.05%
Illinois:
2022 Earnings = $606,561,646K
2022 Percent of U.S. = 3.99%
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.
Union County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Union County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Union 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 Union County over time.
When measured in current dollars, Union County's total industry earnings increased 699.24%, from $40M in 1970 to $322M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 36.14%, from $204M in 1970 to $278M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Union County's and Illinois' annual real total industry earnings for the period 1969-2022 to illustrate real total industry earnings patterns over time. During this 54-year period, Union County's real total industry earnings rose from $200M in 1969 to $278M in 2022, for a net gain of $78M, or 38.92%. In comparison, Illinois' real total industry earnings increased from $217,030M in 1969 to $522,704M in 2022, for a net gain of $305,674M, or 140.84%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Union County's real total industry earnings growth in a broader context by offering direct comparisons across time with Illinois, 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.
Union County's overall real total industry earnings growth was 38.92% over 1969-2022 trailed Illinois' increase of 140.84%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Illinois Total: 1969-2022
Total Industry Earnings as a Percent of the Illinois Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total industry earnings growth of Union County is to compare its individual percentage contributions to Illinois' 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 Illinois' total industry earnings, while a declining share shows it grew more slowly.
In 1969, Union County's total industry earnings totaled 0.09% of Illinois' total industry earnings, while in 2022 it equated to 0.05% thereby yielding a -0.04% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.04%
=
0.05%
-
0.09%
 
   
Union County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Union County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Union 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 illustrated 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, Union County's real total industry earnings grew at an annual rate of 0.74% over 1970-2022. The county recorded its highest growth in 2010 (9.85%) and recorded its lowest growth in 1980 (-14.20%). In 2022, Union County's real total industry earnings declined by -4.83%
Union County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Union 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 Union County's real total industry earnings since 1970, but this time they are overlayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2022.
During the 1970s, Union County's annual real total industry earnings growth rate averaged 0.95%. It averaged 1.31% in the 1980s, 0.72% during the 1990s, 0.67% in the 2000s, 0.47% in the 2010s, -0.69% 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 Union County noted in the previous graph with the corresponding decade averages for Illinois and the nation. As the chart reveals, Union County's average annual real total industry earnings growth recorded under Illinois' average in the 1970s (0.95% vs. 2.16%), amounted to less than Illinois' average throughout the 1980s (1.31% vs. 1.39%), amounted to less than Illinois' average during the 1990s (0.72% vs. 3.12%), led Illinois' average throughout the 2000s (0.67% vs. 0.56%), fell below Illinois' average during the 2010s (0.47% vs. 1.82%), and lagged Illinois' average over the 3 year period of the current decade, 2020-2022 (-0.69% vs. 0.01%).
Finally, relative to nationwide real total industry earnings growth trends, Union County fell under the nation throughout the 1970s (0.95% vs. 3.13%), trailed the nation during the 1980s (1.31% vs. 2.62%), posted below the nation over the 1990s (0.72% vs. 3.43%), posted below the nation throughout the 2000s (0.67% vs. 1.47%), recorded underneath the nation in the 2010s (0.47% vs. 2.53%), and fell under the nation over 2020-2022 (-0.69% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
0.74
0.95
1.31
0.72
0.67
0.47
-0.69
-4.83
 
1.71
2.16
1.39
3.12
0.56
1.82
0.01
-2.17
 
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.

   
 
Union County:
Total Industry Earnings, 1969-2022
 
1969
 
37,750
0.189
199,915
100.0
N
0.09
1970
 
40,323
0.198
204,002
102.0
2.04
0.09
1971
 
43,565
0.206
211,429
105.8
3.64
0.10
1972
 
47,670
0.213
223,719
111.9
5.81
0.10
1973
 
54,309
0.225
241,857
121.0
8.11
0.10
1974
 
54,758
0.248
220,861
110.5
-8.68
0.09
1975
 
58,539
0.269
217,941
109.0
-1.32
0.09
1976
 
64,450
0.283
227,473
113.8
4.37
0.09
1977
 
70,613
0.302
234,004
117.1
2.87
0.09
1978
 
71,226
0.323
220,678
110.4
-5.69
0.08
1979
 
76,236
0.351
216,931
108.5
-1.70
0.08
1980
 
72,458
0.389
186,133
93.1
-14.20
0.07
1981
 
78,566
0.424
185,232
92.7
-0.48
0.07
1982
 
78,267
0.448
174,816
87.4
-5.62
0.07
1983
 
82,605
0.467
176,975
88.5
1.24
0.07
1984
 
93,308
0.484
192,630
96.4
8.85
0.07
1985
 
105,199
0.501
209,861
105.0
8.95
0.08
1986
 
103,393
0.512
201,865
101.0
-3.81
0.07
1987
 
113,818
0.528
215,556
107.8
6.78
0.08
1988
 
124,667
0.549
227,225
113.7
5.41
0.08
1989
 
137,864
0.573
240,764
120.4
5.96
0.08
1990
 
145,519
0.598
243,445
121.8
1.11
0.08
1991
 
154,198
0.618
249,616
124.9
2.54
0.08
1992
 
157,078
0.634
247,679
123.9
-0.78
0.08
1993
 
150,107
0.650
230,934
115.5
-6.76
0.07
1994
 
155,223
0.664
233,925
117.0
1.30
0.07
1995
 
160,623
0.678
237,068
118.6
1.34
0.07
1996
 
160,830
0.692
232,403
116.3
-1.97
0.06
1997
 
171,203
0.704
243,162
121.6
4.63
0.06
1998
 
175,294
0.710
247,008
123.6
1.58
0.06
1999
 
185,336
0.720
257,408
128.8
4.21
0.06
2000
 
192,663
0.738
260,983
130.5
1.39
0.06
2001
 
215,619
0.753
286,339
143.2
9.72
0.06
2002
 
227,554
0.763
298,271
149.2
4.17
0.07
2003
 
232,020
0.779
297,866
149.0
-0.14
0.07
2004
 
236,878
0.798
296,739
148.4
-0.38
0.07
2005
 
234,337
0.821
285,335
142.7
-3.84
0.06
2006
 
248,284
0.844
294,036
147.1
3.05
0.06
2007
 
240,557
0.866
277,757
138.9
-5.54
0.06
2008
 
244,335
0.892
274,010
137.1
-1.35
0.06
2009
 
242,615
0.889
272,843
136.5
-0.43
0.06
2010
 
271,299
0.905
299,732
149.9
9.85
0.07
2011
 
274,336
0.928
295,608
147.9
-1.38
0.07
2012
 
266,095
0.945
281,481
140.8
-4.78
0.06
2013
 
270,585
0.958
282,504
141.3
0.36
0.06
2014
 
265,669
0.971
273,544
136.8
-3.17
0.06
2015
 
262,899
0.973
270,197
135.2
-1.22
0.05
2016
 
265,269
0.983
269,900
135.0
-0.11
0.05
2017
 
270,057
1.000
270,057
135.1
0.06
0.05
2018
 
285,729
1.020
279,997
140.1
3.68
0.05
2019
 
293,925
1.035
283,950
142.0
1.41
0.05
2020
 
305,226
1.046
291,705
145.9
2.73
0.06
2021
 
318,087
1.090
291,820
146.0
0.04
0.05
2022
 
322,277
1.160
277,722
138.9
-4.83
0.05
Source: Calculations by the Illinois Regional Economic Analysis Project (IL-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.

   
 
Illinois:
Total Industry Earnings, 1969-2022
 
1969
 
40,981,731
0.189
217,029,768
100.0
N
6.27
1970
 
42,937,337
0.198
217,228,256
100.1
0.09
6.19
1971
 
45,791,820
0.206
222,236,447
102.4
2.31
6.17
1972
 
49,751,982
0.213
233,489,685
107.6
5.06
6.07
1973
 
55,576,917
0.225
247,503,527
114.0
6.00
6.05
1974
 
60,211,702
0.248
242,857,670
111.9
-1.88
6.06
1975
 
64,093,346
0.269
238,620,052
109.9
-1.74
6.05
1976
 
69,981,451
0.283
246,996,262
113.8
3.51
5.96
1977
 
77,405,942
0.302
256,514,919
118.2
3.85
5.94
1978
 
85,912,021
0.323
266,179,269
122.6
3.77
5.82
1979
 
94,125,996
0.351
267,837,111
123.4
0.62
5.71
1980
 
97,851,945
0.389
251,366,484
115.8
-6.15
5.48
1981
 
105,829,110
0.424
249,508,688
115.0
-0.74
5.40
1982
 
108,087,277
0.448
241,422,521
111.2
-3.24
5.26
1983
 
111,782,384
0.467
239,485,783
110.3
-0.80
5.11
1984
 
124,610,197
0.484
257,251,795
118.5
7.42
5.12
1985
 
132,215,459
0.501
263,755,703
121.5
2.53
5.05
1986
 
140,344,083
0.512
274,007,855
126.3
3.89
5.04
1987
 
150,921,046
0.528
285,824,488
131.7
4.31
5.04
1988
 
164,649,222
0.549
300,098,828
138.3
4.99
5.05
1989
 
174,821,841
0.573
305,307,000
140.7
1.74
5.04
1990
 
185,171,724
0.598
309,781,220
142.7
1.47
5.03
1991
 
188,695,994
0.618
305,461,835
140.7
-1.39
4.98
1992
 
204,018,333
0.634
321,693,997
148.2
5.31
5.03
1993
 
212,063,254
0.650
326,251,160
150.3
1.42
5.00
1994
 
223,793,709
0.664
337,262,205
155.4
3.38
5.02
1995
 
234,859,548
0.678
346,635,694
159.7
2.78
5.02
1996
 
249,039,462
0.692
359,868,014
165.8
3.82
5.02
1997
 
264,127,978
0.704
375,144,486
172.9
4.25
4.99
1998
 
280,617,034
0.710
395,419,045
182.2
5.40
4.92
1999
 
298,437,312
0.720
414,490,510
191.0
4.82
4.89
2000
 
319,418,964
0.738
432,688,039
199.4
4.39
4.84
2001
 
332,949,048
0.753
442,151,667
203.7
2.19
4.85
2002
 
338,863,405
0.763
444,172,189
204.7
0.46
4.84
2003
 
345,178,665
0.779
443,138,964
204.2
-0.23
4.77
2004
 
359,745,056
0.798
450,655,863
207.6
1.70
4.69
2005
 
370,182,050
0.821
450,743,422
207.7
0.02
4.60
2006
 
390,761,946
0.844
462,768,766
213.2
2.67
4.59
2007
 
407,769,790
0.866
470,827,751
216.9
1.74
4.60
2008
 
411,470,015
0.892
461,444,449
212.6
-1.99
4.56
2009
 
388,503,612
0.889
436,908,730
201.3
-5.32
4.47
2010
 
398,716,122
0.905
440,502,157
203.0
0.82
4.42
2011
 
417,856,773
0.928
450,257,287
207.5
2.21
4.42
2012
 
435,606,575
0.945
460,793,550
212.3
2.34
4.42
2013
 
453,313,521
0.958
473,281,257
218.1
2.71
4.45
2014
 
465,990,931
0.971
479,804,503
221.1
1.38
4.39
2015
 
482,271,352
0.973
495,659,104
228.4
3.30
4.37
2016
 
488,515,041
0.983
497,044,322
229.0
0.28
4.32
2017
 
501,458,957
1.000
501,458,957
231.1
0.89
4.23
2018
 
525,395,464
1.020
514,856,354
237.2
2.67
4.22
2019
 
541,385,663
1.035
523,012,243
241.0
1.58
4.17
2020
 
541,465,714
1.046
517,480,493
238.4
-1.06
4.12
2021
 
582,413,228
1.090
534,319,160
246.2
3.25
4.08
2022
 
606,561,646
1.160
522,704,210
240.8
-2.17
3.99
Source: Calculations by the Illinois Regional Economic Analysis Project (IL-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 Illinois Regional Economic Analysis Project (IL-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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