Occupational Employment Statistics

Occupational Employment and Wages, May 2012

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)
15,760 3.0 % $47.83 $99,480 1.2 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $24.71 $32.28 $44.16 $59.56 $74.75
Annual Wage (2) $51,410 $67,150 $91,860 $123,890 $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 $53.02 $110,290
Management, Scientific, and Technical Consulting Services 3,220 0.29 $49.77 $103,520
State Government (OES Designation) 1,800 0.08 $30.10 $62,610
Scientific Research and Development Services 1,650 0.26 $52.13 $108,430
Local Government (OES Designation) 950 0.02 $35.68 $74,210

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 360 2.20 $64.13 $133,390
Management, Scientific, and Technical Consulting Services 3,220 0.29 $49.77 $103,520
Scientific Research and Development Services 1,650 0.26 $52.13 $108,430
Social Advocacy Organizations 440 0.23 $41.22 $85,730
Federal Executive Branch (OES Designation) 4,330 0.21 $53.02 $110,290

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Legal Services 40 (7) $79.65 $165,670
Monetary Authorities-Central Bank 360 2.20 $64.13 $133,390
Depository Credit Intermediation 90 0.01 $61.13 $127,150
Computer Systems Design and Related Services 450 0.03 $59.10 $122,930
Securities and Commodity Contracts Intermediation and Brokerage 100 0.02 $55.50 $115,440


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 4,130 6.31 52.19 $53.96 $112,250
California 2,920 0.20 1.69 $50.07 $104,140
Virginia 880 0.25 2.03 $55.90 $116,280
Massachusetts 820 0.26 2.12 $46.85 $97,440
Texas 770 0.07 0.60 $48.75 $101,390




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 4,130 6.31 52.19 $53.96 $112,250
Alaska 90 0.27 2.27 $40.74 $84,730
Massachusetts 820 0.26 2.12 $46.85 $97,440
Virginia 880 0.25 2.03 $55.90 $116,280
California 2,920 0.20 1.69 $50.07 $104,140




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Virginia 880 0.25 2.03 $55.90 $116,280
District of Columbia 4,130 6.31 52.19 $53.96 $112,250
New York 530 0.06 0.52 $53.21 $110,670
Maryland 400 0.16 1.31 $51.04 $106,160
California 2,920 0.20 1.69 $50.07 $104,140





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 4,970 2.12 17.53 $54.55 $113,460
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 780 0.20 1.66 $55.84 $116,140
Boston-Cambridge-Quincy, MA NECTA Division 750 0.44 3.63 $47.59 $98,990
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 510 0.51 4.19 $55.34 $115,120
Oakland-Fremont-Hayward, CA Metropolitan Division 400 0.41 3.36 $45.39 $94,400
New York-White Plains-Wayne, NY-NJ Metropolitan Division 360 0.07 0.58 $58.27 $121,200
Chicago-Joliet-Naperville, IL Metropolitan Division 300 0.08 0.69 $50.36 $104,750
Dallas-Plano-Irving, TX Metropolitan Division 270 0.13 1.06 $58.47 $121,620
Philadelphia, PA Metropolitan Division 250 0.14 1.13 $45.06 $93,730
Atlanta-Sandy Springs-Marietta, GA 230 0.10 0.86 $48.37 $100,620




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 4,970 2.12 17.53 $54.55 $113,460
College Station-Bryan, TX 70 0.76 6.27 $37.41 $77,820
Olympia, WA 60 0.64 5.31 $33.39 $69,450
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 510 0.51 4.19 $55.34 $115,120
Boston-Cambridge-Quincy, MA NECTA Division 750 0.44 3.63 $47.59 $98,990
Oakland-Fremont-Hayward, CA Metropolitan Division 400 0.41 3.36 $45.39 $94,400
Anchorage, AK 60 0.37 3.09 $40.87 $85,020
Hartford-West Hartford-East Hartford, CT 160 0.29 2.38 $42.63 $88,680
Boulder, CO 40 0.28 2.28 $46.95 $97,650
Bethesda-Rockville-Frederick, MD Metropolitan Division 150 0.26 2.14 $58.10 $120,850




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)
St. Louis, MO-IL 60 0.05 0.41 $60.59 $126,020
Dallas-Plano-Irving, TX Metropolitan Division 270 0.13 1.06 $58.47 $121,620
New York-White Plains-Wayne, NY-NJ Metropolitan Division 360 0.07 0.58 $58.27 $121,200
Bethesda-Rockville-Frederick, MD Metropolitan Division 150 0.26 2.14 $58.10 $120,850
Houston-Sugar Land-Baytown, TX 190 0.07 0.61 $56.14 $116,770
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 780 0.20 1.66 $55.84 $116,140
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 510 0.51 4.19 $55.34 $115,120
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 4,970 2.12 17.53 $54.55 $113,460
Buffalo-Niagara Falls, NY 30 0.06 0.53 $53.40 $111,060
Santa Ana-Anaheim-Irvine, CA Metropolitan Division (8) (8) (8) $51.16 $106,400

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)
Southwestern Montana nonmetropolitan area 40 0.35 2.87 $40.00 $83,200
Southwest Maine nonmetropolitan area 30 0.17 1.40 $31.37 $65,240

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 0.35 2.87 $40.00 $83,200
Southwest Maine nonmetropolitan area 30 0.17 1.40 $31.37 $65,240

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 0.35 2.87 $40.00 $83,200
Southwest Maine nonmetropolitan area 30 0.17 1.40 $31.37 $65,240


About May 2012 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 2012 National Occupational Employment and Wage Estimates

May 2012 State Occupational Employment and Wage Estimates

May 2012 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2012 National Industry-Specific Occupational Employment and Wage Estimates

May 2012 Occupation Profiles

Technical Notes

Last Modified Date: March 29, 2013

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