Occupational Employment Statistics

Occupational Employment and Wages, May 2010

19-3011 Economists

Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods. Excludes "Market Research Analysts and Marketing Specialists" (13-1161).


National estimates for this occupation
Industry profile for this occupation
Geographic profile for this occupation

National estimates for this occupation: Top

Employment estimate and mean wage estimates for this occupation:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
13,250 2.6 % $47.77 $99,350 1.9 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $23.20 $30.67 $43.00 $59.02 $74.76
Annual Wage (2) $48,250 $63,790 $89,450 $122,760 $155,490


Industry profile for this occupation: Top

Industries with the highest published employment and wages for this occupation are provided. For a list of all industries with employment in this occupation, see the Create Customized Tables function.

Industries with the highest levels of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Federal Executive Branch (OES Designation) 4,370 0.22 $51.86 $107,870
Management, Scientific, and Technical Consulting Services 1,940 0.20 $58.34 $121,350
State Government (OES Designation) 1,860 0.08 $29.94 $62,270
Scientific Research and Development Services 1,170 0.19 $58.76 $122,210
Local Government (OES Designation) 1,090 0.02 $35.47 $73,770

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Monetary Authorities-Central Bank 400 2.07 $60.48 $125,790
Federal Executive Branch (OES Designation) 4,370 0.22 $51.86 $107,870
Management, Scientific, and Technical Consulting Services 1,940 0.20 $58.34 $121,350
Scientific Research and Development Services 1,170 0.19 $58.76 $122,210
State Government (OES Designation) 1,860 0.08 $29.94 $62,270

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Monetary Authorities-Central Bank 400 2.07 $60.48 $125,790
Depository Credit Intermediation 50 (7) $60.37 $125,570
Scientific Research and Development Services 1,170 0.19 $58.76 $122,210
Management, Scientific, and Technical Consulting Services 1,940 0.20 $58.34 $121,350
Nondepository Credit Intermediation 30 0.01 $56.10 $116,690


Geographic profile for this occupation: Top

States and areas with the highest published employment, location quotients, and wages for this occupation are provided. For a list of all areas with employment in this occupation, see the Create Customized Tables function.

States with the highest employment level in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
District of Columbia 4,100 6.41 61.47 $55.46 $115,350
California 1,530 0.11 1.05 $49.45 $102,850
Texas 830 0.08 0.79 $46.87 $97,490
Illinois 500 0.09 0.86 $46.76 $97,270
Virginia 450 0.13 1.22 $55.96 $116,400




States with the highest concentration of jobs and location quotients in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
District of Columbia 4,100 6.41 61.47 $55.46 $115,350
Vermont 80 0.27 2.63 $43.91 $91,340
Alaska 60 0.19 1.78 $36.85 $76,640
Oregon 230 0.15 1.39 $48.38 $100,630
West Virginia 100 0.14 1.37 $22.04 $45,850




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Arizona 280 0.12 1.15 $70.48 $146,590
Virginia 450 0.13 1.22 $55.96 $116,400
District of Columbia 4,100 6.41 61.47 $55.46 $115,350
Maryland 270 0.11 1.04 $52.96 $110,160
California 1,530 0.11 1.05 $49.45 $102,850

Metropolitan areas with the highest employment level in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 4,490 1.96 18.83 $55.82 $116,100
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 440 0.12 1.11 $55.72 $115,900
Chicago-Naperville-Joliet, IL Metropolitan Division 440 0.12 1.19 $48.21 $100,280
Boston-Cambridge-Quincy, MA NECTA Division 370 0.23 2.17 $41.80 $86,940
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 300 0.32 3.04 $60.89 $126,660
New York-White Plains-Wayne, NY-NJ Metropolitan Division 290 0.06 0.57 $54.69 $113,760
Philadelphia, PA Metropolitan Division 260 0.14 1.37 $47.03 $97,820
Phoenix-Mesa-Scottsdale, AZ 250 0.15 1.42 (8) (8)
Minneapolis-St. Paul-Bloomington, MN-WI 240 0.14 1.35 $32.20 $66,970
Houston-Sugar Land-Baytown, TX 230 0.09 0.88 $41.85 $87,040




Metropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 4,490 1.96 18.83 $55.82 $116,100
College Station-Bryan, TX 110 1.19 11.40 $38.10 $79,250
Salem, OR 120 0.83 7.96 (8) (8)
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 300 0.32 3.04 $60.89 $126,660
Charleston, WV 30 0.24 2.26 $17.40 $36,200
Boston-Cambridge-Quincy, MA NECTA Division 370 0.23 2.17 $41.80 $86,940
Austin-Round Rock, TX 170 0.22 2.08 $57.91 $120,440
Columbia, SC 70 0.20 1.94 $30.26 $62,940
Anchorage, AK 30 0.20 1.92 $37.50 $77,990
Albany-Schenectady-Troy, NY 80 0.20 1.89 $39.36 $81,860




Top paying metropolitan areas for this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 300 0.32 3.04 $60.89 $126,660
Bethesda-Frederick-Gaithersburg, MD Metropolitan Division 100 0.18 1.75 $59.43 $123,610
Austin-Round Rock, TX 170 0.22 2.08 $57.91 $120,440
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 4,490 1.96 18.83 $55.82 $116,100
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 440 0.12 1.11 $55.72 $115,900
New York-White Plains-Wayne, NY-NJ Metropolitan Division 290 0.06 0.57 $54.69 $113,760
Bridgeport-Stamford-Norwalk, CT 50 0.13 1.24 $52.98 $110,190
St. Louis, MO-IL 40 0.04 0.34 $50.77 $105,600
Pittsburgh, PA 60 0.05 0.51 $50.71 $105,470
Baltimore-Towson, MD 70 0.06 0.58 $50.32 $104,660

Nonmetropolitan areas with the highest employment in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
West Central Kentucky nonmetropolitan area 50 0.32 3.11 $25.66 $53,370

Nonmetropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
West Central Kentucky nonmetropolitan area 50 0.32 3.11 $25.66 $53,370

Top paying nonmetropolitan areas for this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Southern Vermont nonmetropolitan area (8) (8) (8) $43.24 $89,940
West Central Kentucky nonmetropolitan area 50 0.32 3.11 $25.66 $53,370


About May 2010 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates

These estimates are calculated with data collected from employers in all industry sectors, all metropolitan and nonmetropolitan areas, and all states and the District of Columbia. The top employment and wage figures are provided above. The complete list is available in the downloadable XLS files.

The percentile wage estimate is the value of a wage below which a certain percent of workers fall. The median wage is the 50th percentile wage estimate--50 percent of workers earn less than the median and 50 percent of workers earn more than the median. More about percentile wages.


(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.

(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours; for those occupations where there is not an hourly mean wage published, the annual wage has been directly calculated from the reported survey data.

(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.

(7) The value is less than .005 percent of industry employment.

(8) Estimate not released.

(9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration. A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average.


Other OES estimates and related information:

May 2010 National Occupational Employment and Wage Estimates

May 2010 State Occupational Employment and Wage Estimates

May 2010 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2010 National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download May 2010 Occupational Employment and Wage Estimates in Zipped XLS files

Technical Notes

Last Modified Date: May 17, 2011

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