Occupational Employment Statistics

Occupational Employment and Wages, May 2011

25-1063 Economics Teachers, Postsecondary

Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.


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)
Mean wage
RSE (3)
13,300 1.7 % (4) $94,450 1.4 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Annual Wage (2) $42,690 $61,150 $85,310 $114,840 $153,640
(4)

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)
Colleges, Universities, and Professional Schools 10,980 0.38 (4) $99,360
Junior Colleges 2,300 0.30 (4) $71,040

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Colleges, Universities, and Professional Schools 10,980 0.38 (4) $99,360
Junior Colleges 2,300 0.30 (4) $71,040

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Colleges, Universities, and Professional Schools 10,980 0.38 (4) $99,360
Junior Colleges 2,300 0.30 (4) $71,040


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)
New York 1,060 0.13 1.22 (4) $100,230
Pennsylvania 950 0.17 1.66 (4) $101,660
California 850 0.06 0.59 (4) $104,190
Texas 820 0.08 0.77 (4) $96,150
Massachusetts 780 0.25 2.39 (4) $119,810




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 190 0.29 2.83 (4) $95,130
Massachusetts 780 0.25 2.39 (4) $119,810
Rhode Island 110 0.24 2.28 (4) $129,040
Connecticut 340 0.21 2.03 (4) $92,090
Kansas 240 0.19 1.79 (4) $79,380




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Rhode Island 110 0.24 2.28 (4) $129,040
Arizona 130 0.06 0.54 (4) $124,070
Massachusetts 780 0.25 2.39 (4) $119,810
New Hampshire 80 0.13 1.27 (4) $119,630
New Jersey 270 0.07 0.70 (4) $116,860





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)
New York-White Plains-Wayne, NY-NJ Metropolitan Division 640 0.13 1.23 (4) $103,620
Boston-Cambridge-Quincy, MA NECTA Division 440 0.26 2.54 (4) $144,200
Chicago-Joliet-Naperville, IL Metropolitan Division 340 0.09 0.92 (4) $48,390
Philadelphia, PA Metropolitan Division 330 0.18 1.74 (4) $109,170
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 320 0.08 0.80 (4) $108,860
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 290 0.13 1.22 (4) $93,570
Minneapolis-St. Paul-Bloomington, MN-WI 200 0.12 1.13 (4) $84,570
Hartford-West Hartford-East Hartford, CT 180 0.33 3.22 (4) $90,620
Atlanta-Sandy Springs-Marietta, GA 180 0.08 0.76 (4) $92,570
Dallas-Plano-Irving, TX Metropolitan Division 150 0.07 0.72 (4) $98,920




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)
Brockton-Bridgewater-Easton, MA NECTA Division 30 0.37 3.57 (4) $70,720
Lexington-Fayette, KY 90 0.37 3.54 (4) $92,240
Hartford-West Hartford-East Hartford, CT 180 0.33 3.22 (4) $90,620
Worcester, MA-CT 70 0.31 2.97 (4) $90,450
Boston-Cambridge-Quincy, MA NECTA Division 440 0.26 2.54 (4) $144,200
Allentown-Bethlehem-Easton, PA-NJ 80 0.26 2.47 (4) $98,700
New Haven, CT 60 0.24 2.32 (4) $99,810
Columbia, SC 70 0.22 2.10 (4) $77,050
Colorado Springs, CO 50 0.22 2.09 (4) $89,640
Poughkeepsie-Newburgh-Middletown, NY 50 0.21 2.07 (4) $87,100




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)
Rochester, NY 80 0.17 1.68 (4) $146,020
Boston-Cambridge-Quincy, MA NECTA Division 440 0.26 2.54 (4) $144,200
Providence-Fall River-Warwick, RI-MA (8) (8) (8) (4) $129,040
Baltimore-Towson, MD 120 0.09 0.91 (4) $124,730
Riverside-San Bernardino-Ontario, CA 50 0.04 0.39 (4) $124,190
Phoenix-Mesa-Glendale, AZ 90 0.05 0.51 (4) $120,870
Madison, WI (8) (8) (8) (4) $119,810
Newark-Union, NJ-PA Metropolitan Division 130 0.13 1.28 (4) $116,150
Nashville-Davidson--Murfreesboro--Franklin, TN 100 0.14 1.33 (4) $114,130
Columbus, OH 110 0.12 1.15 (4) $112,290

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 40 0.29 2.75 (8) (8)
Balance of Lower Peninsula of Michigan nonmetropolitan area 40 0.15 1.42 (4) $95,700
Far Western Pennsylvania nonmetropolitan area 40 0.23 2.18 (4) $89,030
Northwestern Virginia nonmetropolitan area 40 0.30 2.93 (4) $98,130
Kansas nonmetropolitan area 30 0.09 0.88 (4) $59,740

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)
Northwestern Virginia nonmetropolitan area 40 0.30 2.93 (4) $98,130
West Central Kentucky nonmetropolitan area 40 0.29 2.75 (8) (8)
Far Western Pennsylvania nonmetropolitan area 40 0.23 2.18 (4) $89,030
Southwest New York nonmetropolitan area 30 0.18 1.74 (4) $65,600
Balance of Lower Peninsula of Michigan nonmetropolitan area 40 0.15 1.42 (4) $95,700

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)
Northwestern Virginia nonmetropolitan area 40 0.30 2.93 (4) $98,130
Balance of Lower Peninsula of Michigan nonmetropolitan area 40 0.15 1.42 (4) $95,700
Far Western Pennsylvania nonmetropolitan area 40 0.23 2.18 (4) $89,030
Southeast Minnesota nonmetropolitan area (8) (8) (8) (4) $86,080
Southwest New York nonmetropolitan area 30 0.18 1.74 (4) $65,600


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.

(4) Wages for some occupations that do not generally work year-round, full time, are reported either as hourly wages or annual salaries depending on how they are typically paid.

(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 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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