Population, Personal Income, and Earnings, 1970 - 19981 | ||||||
|---|---|---|---|---|---|---|
| All Values in Millions of 1998 dollars (unless noted) | 1970 | Percent
of Total 1970 | 1998 | Percent
of Total 1998 | Change 1970 - 1998 | Percent Change 1970 - 1998 |
| Total Personal Income and Population: | ||||||
| Total Personal Income (TPI) | 1,955 | 100% | 4,895 | 100% | 2,941 | 150% |
| Non-Farm Personal Income | 140 | 7% | 338 | 7% | 199 | 143% |
| Farm Income 2 | 57 | 3% | 17 | 0% | -40 | -70% |
| Population (persons) | 124,045 | -- | 177,637 | -- | 53,592 | 43% |
| Per Capita Income ($s) | 15,757 | -- | 27,558 | -- | 11,801 | 75% |
| Derivation of Personal Income3: | ||||||
| Earnings by Place of Work4 | 1,720 | 88% | 4,015 | 82% | 2,295 | 133% |
| - Pers. Contributions for Social Insur.5 | 59 | 3% | 255 | 5% | 196 | 330% |
| +/- Adjustment for Residence6 | -123 | -6% | -333 | -7% | -210 | 170% |
| = Net Earnings by Place of Residence7 | 1,537 | 35% | 3,427 | 32% | 1,890 | 123% |
| + Dividends, Interest & Rent8 | 248 | 13% | 971 | 20% | 723 | 291% |
| + Tranfer Payments9 | 169 | 9% | 498 | 10% | 328 | 194% |
| Total Personal Income (TPI) | 1,955 | 100% | 4,895 | 100% | 2,941 | 150% |
| Components of Earnings3: | ||||||
| Wage and Salary Disbursements | 1,431 | 73% | 3,268 | 67% | 1,838 | 128% |
| Other Labor Income10 | 92 | 5% | 392 | 8% | 299 | 324% |
| Proprietors' Income11 | 197 | 10% | 355 | 7% | 158 | 80% |
| Farm Proprietors' Income | 57 | 3% | 17 | 0% | -40 | -70% |
| Non-Farm Proprietors' Income | 140 | 7% | 338 | 7% | 199 | 143% |
| SOURCE: Bureau of Economic Analysis. 1999. Regional Economic Information System CD-ROM. Washington, DC: U.S. Department of Commerce. | ||||||
| Notes
Regarding Personal Income and Earnings: 1. Industry Classification: Earnings estimates for 1996-1974 are based on the 1967 Standard Industrial Classification (SIC). Estimates for 1975-1987 are based on 1972 SIC. Estimates for 1988-1997 are based on 1987 SIC. 2. Farm Income consists of: proprietors’ income; the cash wages, pay-in-kind and other labor income of hired farm workers; and and the salaries of officers of corporate farms. 3. Total Personal Income differs from Earnings by Place of Work and Earnings by Industry in two respects. First, it includes non-labor income and excludes personal contributions for social insurance. These adjustments make TPI a more complete picture of the money available to the region's residents. Second, it measures the income of the region's residents, rather than the earnings of employees and owners of firms located in the region. That is, it accounts for earnings of commuters to and from other regions. 4. Earnings by Place of Work consists of wages, salaries, other labor income and personal contributions for social insurance earned or paid at firms located in the area. It can be broken down into "Components of Earnings" or into "Earnings by Industry". 5. Personal Contributions to Social Insurance are payments by workers and the self-employed into Social Security, Medicare, Unemployment Insurance, and other programs. This adjustment is made for the purpose of calculating Total Personal Income, but is not made to Components of Earnings or Earnings by Industry. 6. Adjustment for Residence is the net inflow of earnings of interarea commuters. A negative adjustment means that the earnings of workers commuting into the region are greater than the earnings of residents who commute to jobs outside the region. This adjustment is made for the purpose of calculating Total Personal Income, but is not made to Components of Earnings or Earnings by Industry. 7. Net Earnings by Place of Residence comprises the labor income of residents of the region. 8. Dividends, Interest and Rent consists of current earnings from past investments and includes a capital consumption adjustment for rental income of persons. 9. Transfer Payments are payments to persons for which no current services have been performed. They comprise payments to individuals and to nonprofit institutions by Federal, State, and local governments and by businesses. 10. Other Labor Income consists of the payments by employers to privately administered benefit plans for their employees, the fees paid to corporate directors, and miscellaneous fees. Payments to private benefit plans account for more than 98 percent of other labor income. 11. Proprietors' Income is the current-production income (including income in kind) of sole proprietorships, partnerships, and tax-exempt cooperatives. It includes inventory valuation and capital consumption adjustments. 12. Other consists of wages and salaries of U.S. residents employed by international organizations and by foreign embassies and consulates in the U.S. 13. Ordnance was reclassified under the 1972 SIC to four 2-digit industries: fabricated metal products; electronic and other electric equipment; transportation equipment; and instruments and related products. 14. Combined Real Estate, Insurance, Etc. was reclassified under the 1987 SIC into four 2-digit industries: nondepository credit institutions; insurance agents, brokers, and services; real estate; and legal services. 15. Social Services was first recognized under the 1972 SIC, so estimates for years prior to 1974 do not exist. 16. Engineering and Management Services was first recognized under the 1987 SIC, so estimates for years prior to 1987 do not exist. | ||||||