Introduction
Prentiss County vs. Mississippi
Prentiss County:
2019 Earnings = $394,547K
2019 Percent of State = 0.5%
Mississippi:
2019 Earnings = $71,805,476K
2019 Percent of U.S. = 0.5%
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.
Page 2 of 13
Prentiss County Total Industry Earnings, 1970-2019
Current vs. Constant Dollars (Millions)
Prentiss County Total Industry Earnings, 1970-2019
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Prentiss County's annual total industry earnings over 1970-2019 in current and constant (2012) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Prentiss County over time.
When measured in current dollars, Prentiss County's total industry earnings increased 1,157.0%, from $31M in 1970 to $395M in 2019. When measured in constant 2012 dollars to adjust for inflation, it advanced 139.7%, from $150M in 1970 to $359M in 2019.
Page 3 of 13
Real Total Industry Earnings, 1969-2019 (Millions)
Real Total Industry Earnings, 1969-2019 (Millions)
Figure 2.
Figure 2 traces Prentiss County's and Mississippi's annual real total industry earnings for the period 1969-2019 to illustrate real total industry earnings patterns over time. During this 51-year period, Prentiss County's real total industry earnings rose from $144M in 1969 to $359M in 2019, for a net gain of $215M, or 149.1%. In comparison, Mississippi's real total industry earnings increased from $22,838M in 1969 to $65,366M in 2019, for a net gain of $42,528M, or 186.2%.
Page 4 of 13
Real Total Industry Earnings Indices (1969=100): 1969-2019
Real Total Industry Earnings Indices (1969=100): 1969-2019
Figure 3.
Figure 3 shows Prentiss County's real total industry earnings growth in a broader context by offering direct comparisons across time with Mississippi, 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.
Prentiss County's overall real total industry earnings growth was 149.1% over 1969-2019 trailed Mississippi's increase of 186.2%, and fell below the United States' increase of 264.6%.
Page 5 of 13
Total Industry Earnings as a Percent of the Mississippi Total: 1969-2019
Total Industry Earnings as a Percent of the Mississippi Total: 1969-2019
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of Prentiss County is to compare its individual percentage contributions to Mississippi's 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 Mississippi's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Prentiss County's total industry earnings comprised 0.63% of Mississippi's total industry earnings, while in 2019 it totaled 0.55% thereby yielding a -0.08% share-shift.
   
 
Total Industry Earnings Share-Shift
2019 vs. 1969
 
Share-
Shift*
 
2019
vs.
1969
-0.08%
=
0.55%
-
0.63%
 
   
Page 6 of 13
Prentiss County Real Total Industry Earnings:
Annual Percent Change, 1970-2019
Prentiss County Real Total Industry Earnings:
Annual Percent Change, 1970-2019
Figure 5.
Figure 5 highlights the short-run pattern of Prentiss County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2019. The average annual percent change for the entire 50-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, Prentiss County's real total industry earnings grew at an annual rate of 1.96% over 1970-2019. The county posted its highest growth in 1976 (14.94%) and posted its lowest growth in 1980 (-12.42%). In 2019, Prentiss County's real total industry earnings grew by 1.48%
Page 7 of 13
Prentiss County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2019
Prentiss County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2019
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 Prentiss 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, and 2010-2019.
During the 1970s, Prentiss County's annual real total industry earnings growth rate averaged 4.56%. It averaged 1.50% in the 1980s, 3.06% throughout the 1990s, -0.52% in the 2000s, and 1.19% thus far this decade (2010 to 2019).
Page 8 of 13
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 Prentiss County noted in the previous graph with the corresponding decade averages for Mississippi and the nation. As the chart reveals, Prentiss County's average annual real total industry earnings growth surpassed Mississippi's average in the 1970s (4.56% vs. 4.24%), exceeded Mississippi's average throughout the 1980s (1.50% vs. 0.98%), trailed Mississippi's average throughout the 1990s (3.06% vs. 3.75%), amounted to less than Mississippi's average in the 2000s (-0.52% vs. 1.00%), and topped Mississippi's average over the 10 year period of the last decade, 2010-2019 (1.19% vs. 0.90%).
Finally, relative to nationwide real total industry earnings growth trends, Prentiss County recorded above the nation throughout the 1970s (4.56% vs. 3.13%), lagged the nation in the 1980s (1.50% vs. 2.62%), fell under the nation over the 1990s (3.06% vs. 3.43%), fell under the nation over the 2000s (-0.52% vs. 1.49%), and recorded underneath the nation over 2010-2019 (1.19% vs. 2.58%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.96
4.56
1.50
3.06
-0.52
1.19
1.48
 
2.18
4.24
0.98
3.75
1.00
0.90
0.85
 
2.65
3.13
2.62
3.43
1.49
2.58
2.92
 
   
Page 9 of 13

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

   
 
Prentiss County:
Total Industry Earnings, 1969-2019
 
1969
 
28,861
0.200
144,197
100.0
N
0.63
1970
 
31,387
0.210
149,811
103.9
3.89
0.64
1971
 
34,212
0.218
156,641
108.6
4.56
0.64
1972
 
39,776
0.226
176,109
122.1
12.43
0.65
1973
 
46,079
0.238
193,593
134.3
9.93
0.65
1974
 
48,371
0.263
184,060
127.6
-4.92
0.64
1975
 
49,157
0.285
172,662
119.7
-6.19
0.62
1976
 
59,600
0.300
198,455
137.6
14.94
0.65
1977
 
64,688
0.320
202,238
140.3
1.91
0.63
1978
 
69,937
0.342
204,428
141.8
1.08
0.62
1979
 
82,239
0.373
220,770
153.1
7.99
0.64
1980
 
79,780
0.413
193,350
134.1
-12.42
0.60
1981
 
85,908
0.450
191,085
132.5
-1.17
0.59
1982
 
91,869
0.475
193,588
134.3
1.31
0.61
1983
 
99,648
0.495
201,415
139.7
4.04
0.64
1984
 
113,508
0.513
221,078
153.3
9.76
0.66
1985
 
118,454
0.531
222,934
154.6
0.84
0.66
1986
 
122,899
0.543
226,375
157.0
1.54
0.66
1987
 
130,919
0.560
233,934
162.2
3.34
0.65
1988
 
141,428
0.582
243,208
168.7
3.96
0.66
1989
 
153,219
0.607
252,462
175.1
3.80
0.67
1990
 
168,779
0.634
266,402
184.7
5.52
0.70
1991
 
177,484
0.655
271,080
188.0
1.76
0.70
1992
 
208,402
0.672
310,039
215.0
14.37
0.76
1993
 
223,091
0.689
323,827
224.6
4.45
0.76
1994
 
233,615
0.703
332,170
230.4
2.58
0.73
1995
 
234,502
0.718
326,554
226.5
-1.69
0.70
1996
 
246,237
0.733
335,720
232.8
2.81
0.70
1997
 
254,403
0.746
340,918
236.4
1.55
0.69
1998
 
252,788
0.752
336,083
233.1
-1.42
0.64
1999
 
258,192
0.763
338,222
234.6
0.64
0.62
2000
 
271,705
0.782
347,293
240.8
2.68
0.63
2001
 
279,599
0.797
350,647
243.2
0.97
0.63
2002
 
297,241
0.808
367,923
255.2
4.93
0.66
2003
 
303,877
0.824
368,971
255.9
0.28
0.64
2004
 
307,653
0.844
364,470
252.8
-1.22
0.61
2005
 
305,779
0.868
352,231
244.3
-3.36
0.58
2006
 
305,648
0.892
342,755
237.7
-2.69
0.56
2007
 
317,933
0.914
347,703
241.1
1.44
0.56
2008
 
325,340
0.942
345,445
239.6
-0.65
0.56
2009
 
300,459
0.941
319,318
221.4
-7.56
0.53
2010
 
304,969
0.957
318,655
221.0
-0.21
0.52
2011
 
316,667
0.981
322,698
223.8
1.27
0.53
2012
 
333,951
1.000
333,951
231.6
3.49
0.54
2013
 
335,866
1.013
331,405
229.8
-0.76
0.52
2014
 
346,445
1.028
336,910
233.6
1.66
0.53
2015
 
351,754
1.030
341,366
236.7
1.32
0.53
2016
 
352,122
1.041
338,185
234.5
-0.93
0.53
2017
 
369,383
1.060
348,527
241.7
3.06
0.54
2018
 
383,101
1.082
353,940
245.5
1.55
0.55
2019
 
394,547
1.099
359,166
249.1
1.48
0.55
Source: Calculations by the Mississippi Regional Economic Analysis Project (MS-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2020
REAP_PI_CA1400_1200_PSN
 
   
Page 10 of 13

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

   
 
Mississippi:
Total Industry Earnings, 1969-2019
 
1969
 
4,570,983
0.200
22,837,787
100.0
N
0.70
1970
 
4,881,173
0.210
23,298,043
102.0
2.02
0.70
1971
 
5,354,041
0.218
24,513,717
107.3
5.22
0.72
1972
 
6,148,419
0.226
27,222,257
119.2
11.05
0.75
1973
 
7,050,005
0.238
29,619,381
129.7
8.81
0.77
1974
 
7,532,283
0.263
28,661,655
125.5
-3.23
0.76
1975
 
7,895,309
0.285
27,732,030
121.4
-3.24
0.75
1976
 
9,112,206
0.300
30,341,656
132.9
9.41
0.78
1977
 
10,207,537
0.320
31,912,515
139.7
5.18
0.78
1978
 
11,334,115
0.342
33,130,031
145.1
3.82
0.77
1979
 
12,763,334
0.373
34,263,064
150.0
3.42
0.77
1980
 
13,197,641
0.413
31,984,976
140.1
-6.65
0.74
1981
 
14,548,264
0.450
32,359,678
141.7
1.17
0.74
1982
 
15,034,550
0.475
31,681,031
138.7
-2.10
0.73
1983
 
15,493,524
0.495
31,316,498
137.1
-1.15
0.71
1984
 
17,134,725
0.513
33,373,050
146.1
6.57
0.70
1985
 
18,020,012
0.531
33,914,277
148.5
1.62
0.69
1986
 
18,701,926
0.543
34,448,197
150.8
1.57
0.67
1987
 
20,007,676
0.560
35,750,976
156.5
3.78
0.67
1988
 
21,523,018
0.582
37,012,292
162.1
3.53
0.66
1989
 
22,798,410
0.607
37,565,348
164.5
1.49
0.66
1990
 
24,157,487
0.634
38,130,356
167.0
1.50
0.66
1991
 
25,320,179
0.655
38,672,703
169.3
1.42
0.67
1992
 
27,368,797
0.672
40,716,470
178.3
5.28
0.67
1993
 
29,359,272
0.689
42,616,373
186.6
4.67
0.69
1994
 
32,066,237
0.703
45,593,967
199.6
6.99
0.72
1995
 
33,399,569
0.718
46,510,380
203.7
2.01
0.71
1996
 
35,217,048
0.733
48,014,954
210.2
3.23
0.71
1997
 
37,125,340
0.746
49,750,533
217.8
3.61
0.70
1998
 
39,685,848
0.752
52,762,508
231.0
6.05
0.70
1999
 
41,393,847
0.763
54,224,432
237.4
2.77
0.68
2000
 
42,964,350
0.782
54,917,045
240.5
1.28
0.65
2001
 
44,730,363
0.797
56,096,670
245.6
2.15
0.65
2002
 
45,366,094
0.808
56,153,801
245.9
0.10
0.65
2003
 
47,579,007
0.824
57,770,960
253.0
2.88
0.66
2004
 
50,666,934
0.844
60,024,089
262.8
3.90
0.66
2005
 
52,767,665
0.868
60,783,837
266.2
1.27
0.66
2006
 
54,620,042
0.892
61,251,084
268.2
0.77
0.64
2007
 
56,575,131
0.914
61,872,669
270.9
1.01
0.64
2008
 
58,336,277
0.942
61,941,258
271.2
0.11
0.65
2009
 
56,286,592
0.941
59,819,534
261.9
-3.43
0.65
2010
 
58,360,399
0.957
60,979,467
267.0
1.94
0.65
2011
 
59,680,804
0.981
60,817,483
266.3
-0.27
0.63
2012
 
62,403,048
1.000
62,403,048
273.2
2.61
0.63
2013
 
65,003,119
1.013
64,139,797
280.8
2.78
0.64
2014
 
65,698,737
1.028
63,890,632
279.8
-0.39
0.61
2015
 
65,795,044
1.030
63,852,027
279.6
-0.06
0.59
2016
 
66,226,073
1.041
63,604,914
278.5
-0.39
0.58
2017
 
68,235,431
1.060
64,382,766
281.9
1.22
0.57
2018
 
70,153,308
1.082
64,813,337
283.8
0.67
0.56
2019
 
71,805,476
1.099
65,366,247
286.2
0.85
0.55
Source: Calculations by the Mississippi Regional Economic Analysis Project (MS-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2020
REAP_PI_CA1400_1200_PSN
 
   
Page 11 of 13

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, 1969-2019
 
1969
 
653,665,000
0.200
3,265,875,593
100.0
N
1970
 
693,352,000
0.210
3,309,398,119
101.3
1.33
1971
 
742,094,000
0.218
3,397,710,728
104.0
2.67
1972
 
819,646,000
0.226
3,629,000,266
111.1
6.81
1973
 
918,964,000
0.238
3,860,868,835
118.2
6.39
1974
 
993,909,000
0.263
3,781,997,717
115.8
-2.04
1975
 
1,059,492,000
0.285
3,721,433,088
113.9
-1.60
1976
 
1,173,271,000
0.300
3,906,736,148
119.6
4.98
1977
 
1,303,767,000
0.320
4,076,055,149
124.8
4.33
1978
 
1,476,080,000
0.342
4,314,635,644
132.1
5.85
1979
 
1,648,363,000
0.373
4,425,016,778
135.5
2.56
1980
 
1,784,597,000
0.413
4,325,037,565
132.4
-2.26
1981
 
1,961,173,000
0.450
4,362,233,640
133.6
0.86
1982
 
2,053,729,000
0.475
4,327,648,769
132.5
-0.79
1983
 
2,188,018,000
0.495
4,422,561,345
135.4
2.19
1984
 
2,432,402,000
0.513
4,737,553,318
145.1
7.12
1985
 
2,615,791,000
0.531
4,923,007,867
150.7
3.91
1986
 
2,786,901,000
0.543
5,133,359,735
157.2
4.27
1987
 
2,996,000,000
0.560
5,353,441,498
163.9
4.29
1988
 
3,259,979,000
0.582
5,606,058,365
171.7
4.72
1989
 
3,467,027,000
0.607
5,712,682,485
174.9
1.90
1990
 
3,679,460,000
0.634
5,807,686,844
177.8
1.66
1991
 
3,789,428,000
0.655
5,787,772,059
177.2
-0.34
1992
 
4,059,023,000
0.672
6,038,595,317
184.9
4.33
1993
 
4,237,437,000
0.689
6,150,840,446
188.3
1.86
1994
 
4,456,948,000
0.703
6,337,193,232
194.0
3.03
1995
 
4,674,849,000
0.718
6,509,934,411
199.3
2.73
1996
 
4,956,180,000
0.733
6,757,260,110
206.9
3.80
1997
 
5,288,047,000
0.746
7,086,350,053
217.0
4.87
1998
 
5,707,014,000
0.752
7,587,500,000
232.3
7.07
1999
 
6,098,042,000
0.763
7,988,212,948
244.6
5.28
2000
 
6,598,743,000
0.782
8,434,515,243
258.3
5.59
2001
 
6,865,291,000
0.797
8,609,810,881
263.6
2.08
2002
 
7,001,130,000
0.808
8,665,944,621
265.3
0.65
2003
 
7,243,665,000
0.824
8,795,338,644
269.3
1.49
2004
 
7,675,133,000
0.844
9,092,574,428
278.4
3.38
2005
 
8,039,648,000
0.868
9,260,986,960
283.6
1.85
2006
 
8,519,777,000
0.892
9,554,104,335
292.5
3.17
2007
 
8,866,784,000
0.914
9,697,044,992
296.9
1.50
2008
 
9,013,458,000
0.942
9,570,458,696
293.0
-1.31
2009
 
8,688,446,000
0.941
9,233,793,866
282.7
-3.52
2010
 
9,023,198,000
0.957
9,428,136,461
288.7
2.10
2011
 
9,443,528,000
0.981
9,623,389,143
294.7
2.07
2012
 
9,901,882,000
1.000
9,901,882,000
303.2
2.89
2013
 
10,231,478,000
1.013
10,095,591,341
309.1
1.96
2014
 
10,687,445,000
1.028
10,393,314,208
318.2
2.95
2015
 
11,114,594,000
1.030
10,786,364,916
330.3
3.78
2016
 
11,379,601,000
1.041
10,929,208,325
334.6
1.32
2017
 
11,920,279,000
1.060
11,247,243,924
344.4
2.91
2018
 
12,523,102,000
1.082
11,569,861,141
354.3
2.87
2019
 
13,080,565,000
1.099
11,907,552,048
364.6
2.92
Source: Calculations by the Mississippi Regional Economic Analysis Project (MS-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2020
REAP_PI_CA1400_1200_PN
 
   
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