Occupational Employment Statistics

Occupational Employment and Wages, May 2011

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)
14,270 3.1 % $48.20 $100,270 1.7 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $24.10 $31.66 $43.54 $59.12 $74.76
Annual Wage (2) $50,120 $65,850 $90,550 $122,980 $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) 4,330 0.21 $52.59 $109,380
Management, Scientific, and Technical Consulting Services 2,990 0.28 $57.30 $119,180
State Government (OES Designation) 1,770 0.08 $29.82 $62,030
Local Government (OES Designation) 1,050 0.02 $35.95 $74,770
Scientific Research and Development Services 1,020 0.16 $50.70 $105,460

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 370 1.85 $64.96 $135,120
Management, Scientific, and Technical Consulting Services 2,990 0.28 $57.30 $119,180
Federal Executive Branch (OES Designation) 4,330 0.21 $52.59 $109,380
Scientific Research and Development Services 1,020 0.16 $50.70 $105,460
Social Advocacy Organizations 270 0.14 $38.43 $79,930

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Depository Credit Intermediation 70 (7) $67.88 $141,190
Monetary Authorities-Central Bank 370 1.85 $64.96 $135,120
Pharmaceutical and Medicine Manufacturing 70 0.03 $58.07 $120,790
Management, Scientific, and Technical Consulting Services 2,990 0.28 $57.30 $119,180
Securities and Commodity Contracts Intermediation and Brokerage 120 0.03 $55.18 $114,780


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 3,770 5.85 52.62 $54.54 $113,440
California 2,320 0.17 1.49 $51.93 $108,000
Texas 860 0.08 0.75 $46.38 $96,480
Pennsylvania 510 0.09 0.83 $46.74 $97,210
New York 470 0.06 0.51 $50.12 $104,240




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 3,770 5.85 52.62 $54.54 $113,440
Alaska 90 0.30 2.72 $39.16 $81,460
Vermont 60 0.20 1.77 $39.55 $82,270
California 2,320 0.17 1.49 $51.93 $108,000
Maryland 370 0.15 1.34 $51.03 $106,130




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Arizona 360 0.15 1.35 $67.92 $141,260
Virginia 470 0.13 1.20 $56.59 $117,700
District of Columbia 3,770 5.85 52.62 $54.54 $113,440
California 2,320 0.17 1.49 $51.93 $108,000
Maryland 370 0.15 1.34 $51.03 $106,130





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 4,220 1.83 16.43 $55.02 $114,450
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 660 0.17 1.54 $57.95 $120,530
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 380 0.39 3.55 $61.14 $127,170
Chicago-Joliet-Naperville, IL Metropolitan Division 380 0.10 0.94 $48.99 $101,910
Boston-Cambridge-Quincy, MA NECTA Division 360 0.22 1.96 $44.04 $91,610
Philadelphia, PA Metropolitan Division 320 0.18 1.60 $47.79 $99,410
New York-White Plains-Wayne, NY-NJ Metropolitan Division 320 0.06 0.56 $54.97 $114,330
Phoenix-Mesa-Glendale, AZ 300 0.18 1.58 $73.61 $153,120
Dallas-Plano-Irving, TX Metropolitan Division 290 0.14 1.29 $56.22 $116,950
Minneapolis-St. Paul-Bloomington, MN-WI 230 0.14 1.22 $33.30 $69,260




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 4,220 1.83 16.43 $55.02 $114,450
College Station-Bryan, TX 100 1.04 9.39 $36.31 $75,520
Salem, OR 120 0.86 7.69 $49.74 $103,450
Anchorage, AK 70 0.40 3.63 $39.93 $83,060
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 380 0.39 3.55 $61.14 $127,170
Madison, WI 100 0.31 2.82 $40.48 $84,200
Hartford-West Hartford-East Hartford, CT 160 0.30 2.66 $42.03 $87,430
Charleston, WV 40 0.25 2.25 $16.79 $34,920
Bethesda-Rockville-Frederick, MD Metropolitan Division 130 0.24 2.12 $58.02 $120,690
Boston-Cambridge-Quincy, MA NECTA Division 360 0.22 1.96 $44.04 $91,610




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)
Phoenix-Mesa-Glendale, AZ 300 0.18 1.58 $73.61 $153,120
Bridgeport-Stamford-Norwalk, CT 40 0.09 0.82 $61.26 $127,420
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 380 0.39 3.55 $61.14 $127,170
Bethesda-Rockville-Frederick, MD Metropolitan Division 130 0.24 2.12 $58.02 $120,690
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 660 0.17 1.54 $57.95 $120,530
Dallas-Plano-Irving, TX Metropolitan Division 290 0.14 1.29 $56.22 $116,950
St. Louis, MO-IL 40 0.03 0.31 $55.68 $115,820
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 4,220 1.83 16.43 $55.02 $114,450
New York-White Plains-Wayne, NY-NJ Metropolitan Division 320 0.06 0.56 $54.97 $114,330
Pittsburgh, PA 50 0.05 0.42 $54.66 $113,700

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 2.90 $25.96 $54,000
Southwestern Montana nonmetropolitan area 40 0.36 3.26 $38.53 $80,140

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)
Southwestern Montana nonmetropolitan area 40 0.36 3.26 $38.53 $80,140
West Central Kentucky nonmetropolitan area 50 0.32 2.90 $25.96 $54,000

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)
Southwestern Montana nonmetropolitan area 40 0.36 3.26 $38.53 $80,140
West Central Kentucky nonmetropolitan area 50 0.32 2.90 $25.96 $54,000


About May 2011 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.

(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 2011 National Occupational Employment and Wage Estimates

May 2011 State Occupational Employment and Wage Estimates

May 2011 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2011 National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download May 2011 Occupational Employment and Wage Estimates in Zipped XLS files

Technical Notes

Last Modified Date: March 27, 2012

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