Occupational Employment Statistics

Occupational Employment and Wages, May 2012

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)
13,390 1.8 % (4) $97,770 1.3 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Annual Wage (2) $44,070 $63,470 $87,950 $118,810 $160,940
(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 11,100 0.38 (4) $103,050
Junior Colleges 2,240 0.29 (4) $72,410

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 11,100 0.38 (4) $103,050
Junior Colleges 2,240 0.29 (4) $72,410

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 11,100 0.38 (4) $103,050
Junior Colleges 2,240 0.29 (4) $72,410


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 1,320 0.15 1.50 (4) $106,710
Pennsylvania 1,030 0.18 1.79 (4) $102,300
Texas 790 0.07 0.73 (4) $95,970
California 730 0.05 0.50 (4) $111,790
Massachusetts 710 0.22 2.17 (4) $124,760




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 230 0.35 3.45 (4) $100,930
Rhode Island 120 0.27 2.59 (4) $126,030
Massachusetts 710 0.22 2.17 (4) $124,760
Connecticut 310 0.19 1.88 (4) $95,190
Pennsylvania 1,030 0.18 1.79 (4) $102,300




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Maryland 230 0.09 0.89 (4) $127,850
Rhode Island 120 0.27 2.59 (4) $126,030
Massachusetts 710 0.22 2.17 (4) $124,760
New Jersey 290 0.08 0.75 (4) $122,550
New Hampshire 80 0.14 1.33 (4) $120,440





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 740 0.14 1.40 (4) $119,000
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 380 0.16 1.57 (4) $106,720
Boston-Cambridge-Quincy, MA NECTA Division 350 0.20 1.98 (4) $154,330
Philadelphia, PA Metropolitan Division 350 0.19 1.85 (4) $111,120
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 250 0.06 0.63 (4) $121,690
Chicago-Joliet-Naperville, IL Metropolitan Division 210 0.06 0.55 (4) $58,550
Pittsburgh, PA 190 0.16 1.60 (4) $92,130
Denver-Aurora-Broomfield, CO 180 0.15 1.43 (4) $79,140
Atlanta-Sandy Springs-Marietta, GA 180 0.08 0.76 (4) $97,180
Dallas-Plano-Irving, TX Metropolitan Division 170 0.08 0.80 (4) $98,080




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)
Blacksburg-Christiansburg-Radford, VA 60 0.92 8.92 (8) (8)
Brockton-Bridgewater-Easton, MA NECTA Division 30 0.36 3.48 (4) $71,460
Lexington-Fayette, KY 90 0.36 3.48 (4) $98,500
Allentown-Bethlehem-Easton, PA-NJ 120 0.35 3.41 (4) $88,250
Syracuse, NY 90 0.31 3.03 (4) $88,510
Worcester, MA-CT 70 0.30 2.92 (4) $99,380
Hartford-West Hartford-East Hartford, CT 170 0.30 2.96 (4) $97,750
Utica-Rome, NY 40 0.29 2.86 (4) $99,610
Colorado Springs, CO 70 0.27 2.62 (4) $97,320
Madison, WI 80 0.25 2.42 (4) $115,450




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)
Boston-Cambridge-Quincy, MA NECTA Division 350 0.20 1.98 (4) $154,330
Baltimore-Towson, MD 120 0.10 0.96 (4) $138,550
Rochester, NY 90 0.19 1.85 (4) $129,940
Austin-Round Rock-San Marcos, TX 110 0.13 1.31 (4) $129,210
Providence-Fall River-Warwick, RI-MA 120 0.22 2.18 (4) $126,030
Newark-Union, NJ-PA Metropolitan Division 150 0.16 1.55 (4) $124,890
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 250 0.06 0.63 (4) $121,690
New York-White Plains-Wayne, NY-NJ Metropolitan Division 740 0.14 1.40 (4) $119,000
Richmond, VA 50 0.09 0.85 (4) $116,170
Madison, WI 80 0.25 2.42 (4) $115,450

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)
Southeast Minnesota nonmetropolitan area 40 0.25 2.39 (4) $102,670
East Central Pennsylvania nonmetropolitan area 40 0.17 1.61 (4) $85,610
Southwest New York nonmetropolitan area 40 0.19 1.81 (4) $66,280
Northwestern Virginia nonmetropolitan area 40 0.30 2.94 (4) $100,440
West Central Kentucky nonmetropolitan area 30 0.22 2.17 (4) $91,160

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 2.94 (4) $100,440
Southeast Minnesota nonmetropolitan area 40 0.25 2.39 (4) $102,670
West Central Kentucky nonmetropolitan area 30 0.22 2.17 (4) $91,160
Far Western Pennsylvania nonmetropolitan area 30 0.21 2.01 (4) $95,950
Southwest New York nonmetropolitan area 40 0.19 1.81 (4) $66,280

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)
Southeast Minnesota nonmetropolitan area 40 0.25 2.39 (4) $102,670
Northwestern Virginia nonmetropolitan area 40 0.30 2.94 (4) $100,440
Far Western Pennsylvania nonmetropolitan area 30 0.21 2.01 (4) $95,950
West Central Kentucky nonmetropolitan area 30 0.22 2.17 (4) $91,160
East Central Pennsylvania nonmetropolitan area 40 0.17 1.61 (4) $85,610


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.

(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 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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