Occupational Employment Statistics

Occupational Employment and Wages, May 2014

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)
18,680 3.1 % $50.62 $105,290 1.7 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $24.25 $32.84 $46.02 $62.44 $82.11
Annual Wage (2) $50,440 $68,310 $95,710 $129,880 $170,780


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) 4,240 0.21 $54.69 $113,750
Management, Scientific, and Technical Consulting Services 3,730 0.31 $53.33 $110,920
Scientific Research and Development Services 3,100 0.49 $52.31 $108,800
State Government (OES Designation) 1,880 0.09 $31.32 $65,140
Local Government (OES Designation) 1,110 0.02 $35.82 $74,500

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 380 2.20 $60.61 $126,070
Scientific Research and Development Services 3,100 0.49 $52.31 $108,800
Social Advocacy Organizations 710 0.35 (8) (8)
Management, Scientific, and Technical Consulting Services 3,730 0.31 $53.33 $110,920
Federal Executive Branch (OES Designation) 4,240 0.21 $54.69 $113,750

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Pharmaceutical and Medicine Manufacturing 90 0.03 $90.65 $188,550
Legal Services 50 (7) $78.90 $164,100
Depository Credit Intermediation 140 0.01 $65.10 $135,420
Securities and Commodity Contracts Intermediation and Brokerage 280 0.06 $64.94 $135,080
Monetary Authorities-Central Bank 380 2.20 $60.61 $126,070


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 6,260 9.28 67.08 $57.96 $120,550
California 2,610 0.17 1.25 $47.40 $98,590
Texas 1,130 0.10 0.73 $56.32 $117,140
Virginia 1,110 0.30 2.20 $58.17 $120,990
Massachusetts 1,070 0.32 2.33 $46.10 $95,890




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 6,260 9.28 67.08 $57.96 $120,550
Massachusetts 1,070 0.32 2.33 $46.10 $95,890
Virginia 1,110 0.30 2.20 $58.17 $120,990
Montana 90 0.21 1.52 $43.56 $90,600
Vermont 60 0.20 1.41 $38.27 $79,600




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Indiana (8) (8) (8) $86.38 $179,680
Ohio 120 0.02 0.17 $60.70 $126,250
Virginia 1,110 0.30 2.20 $58.17 $120,990
District of Columbia 6,260 9.28 67.08 $57.96 $120,550
New York 620 0.07 0.51 $56.79 $118,120





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 7,300 3.07 22.20 $58.22 $121,090
Boston-Cambridge-Quincy, MA NECTA Division 980 0.55 3.96 $46.20 $96,100
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 880 0.81 5.83 $53.35 $110,970
Houston-Sugar Land-Baytown, TX 480 0.17 1.22 $67.50 $140,400
New York-White Plains-Wayne, NY-NJ Metropolitan Division 410 0.08 0.55 $63.77 $132,650
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 390 0.10 0.69 $52.80 $109,820
Dallas-Plano-Irving, TX Metropolitan Division 350 0.15 1.12 $55.29 $115,010
Oakland-Fremont-Hayward, CA Metropolitan Division 330 0.32 2.32 $51.67 $107,460
San Jose-Sunnyvale-Santa Clara, CA 310 0.31 2.27 (8) (8)
Chicago-Joliet-Naperville, IL Metropolitan Division 290 0.08 0.56 $48.84 $101,580




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 7,300 3.07 22.20 $58.22 $121,090
Cheyenne, WY 40 0.92 6.64 $34.04 $70,790
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 880 0.81 5.83 $53.35 $110,970
Boston-Cambridge-Quincy, MA NECTA Division 980 0.55 3.96 $46.20 $96,100
Harrisburg-Carlisle, PA 150 0.50 3.58 (8) (8)
Eau Claire, WI 30 0.42 3.01 $21.55 $44,810
Lansing-East Lansing, MI 80 0.38 2.75 $30.69 $63,830
Tallahassee, FL 60 0.37 2.71 $31.73 $65,990
Madison, WI 110 0.33 2.38 $46.27 $96,230
Oakland-Fremont-Hayward, CA Metropolitan Division 330 0.32 2.32 $51.67 $107,460




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)
Columbus, OH (8) (8) (8) $101.55 $211,220
Houston-Sugar Land-Baytown, TX 480 0.17 1.22 $67.50 $140,400
St. Louis, MO-IL 70 0.06 0.41 $64.92 $135,040
New York-White Plains-Wayne, NY-NJ Metropolitan Division 410 0.08 0.55 $63.77 $132,650
Bethesda-Rockville-Frederick, MD Metropolitan Division 160 0.28 2.05 $59.36 $123,470
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 7,300 3.07 22.20 $58.22 $121,090
Dallas-Plano-Irving, TX Metropolitan Division 350 0.15 1.12 $55.29 $115,010
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 880 0.81 5.83 $53.35 $110,970
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 390 0.10 0.69 $52.80 $109,820
Miami-Miami Beach-Kendall, FL Metropolitan Division (8) (8) (8) $52.02 $108,190


About May 2014 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 2014 National Occupational Employment and Wage Estimates

May 2014 State Occupational Employment and Wage Estimates

May 2014 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2014 National Industry-Specific Occupational Employment and Wage Estimates

May 2014 Occupation Profiles

Technical Notes

Last Modified Date: March 25, 2015