Occupational Employment Statistics

Occupational Employment and Wages, May 2013

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)
13,600 1.6 % (4) $100,490 1.2 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Annual Wage (2) $45,010 $64,610 $90,070 $121,960 $168,000
(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 11,280 0.38 (4) $106,390
Junior Colleges 2,270 0.30 (4) $72,180

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 11,280 0.38 (4) $106,390
Junior Colleges 2,270 0.30 (4) $72,180

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 11,280 0.38 (4) $106,390
Junior Colleges 2,270 0.30 (4) $72,180


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 1,480 0.17 1.67 (4) $116,210
Pennsylvania 1,090 0.19 1.90 (4) $98,130
Texas 830 0.08 0.74 (4) $97,340
California 830 0.06 0.55 (4) $105,940
Massachusetts 720 0.22 2.16 (4) $120,590




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 260 0.39 3.77 (4) $114,860
Massachusetts 720 0.22 2.16 (4) $120,590
Rhode Island 90 0.20 1.94 (4) $131,250
Pennsylvania 1,090 0.19 1.90 (4) $98,130
Vermont 50 0.18 1.71 (4) $112,760




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 90 0.20 1.94 (4) $131,250
New Hampshire 100 0.16 1.57 (4) $125,020
Massachusetts 720 0.22 2.16 (4) $120,590
New Jersey 360 0.09 0.91 (4) $120,370
New York 1,480 0.17 1.67 (4) $116,210





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 840 0.16 1.56 (4) $130,200
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 430 0.18 1.76 (4) $119,850
Philadelphia, PA Metropolitan Division 390 0.21 2.05 (4) $112,980
Boston-Cambridge-Quincy, MA NECTA Division 320 0.18 1.77 (4) $147,420
Chicago-Joliet-Naperville, IL Metropolitan Division 290 0.08 0.77 (4) $67,820
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 210 0.05 0.50 (4) $112,400
Newark-Union, NJ-PA Metropolitan Division 200 0.21 2.04 (4) $125,630
Pittsburgh, PA 200 0.18 1.72 (4) $96,280
Atlanta-Sandy Springs-Marietta, GA 170 0.07 0.70 (4) $98,970
Denver-Aurora-Broomfield, CO 160 0.13 1.25 (4) $75,050




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 0.94 9.12 (8) (8)
Worcester, MA-CT 100 0.39 3.82 (4) $105,790
Columbia, MO 40 0.39 3.84 (4) $108,500
Allentown-Bethlehem-Easton, PA-NJ 130 0.38 3.74 (4) $88,890
Syracuse, NY 90 0.31 3.00 (4) $108,220
Spartanburg, SC 40 0.31 3.05 (4) $68,830
Lexington-Fayette, KY 80 0.31 2.98 (8) (8)
Albany-Schenectady-Troy, NY 120 0.28 2.70 (4) $85,230
Utica-Rome, NY 30 0.25 2.40 (4) $104,630
New Haven, CT 60 0.24 2.30 (4) $101,160




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)
Baltimore-Towson, MD 110 0.08 0.81 (4) $148,680
Boston-Cambridge-Quincy, MA NECTA Division 320 0.18 1.77 (4) $147,420
Edison-New Brunswick, NJ Metropolitan Division 60 0.06 0.58 (4) $137,840
Rochester, NY 90 0.19 1.84 (4) $132,020
Providence-Fall River-Warwick, RI-MA 90 0.17 1.63 (4) $131,250
New York-White Plains-Wayne, NY-NJ Metropolitan Division 840 0.16 1.56 (4) $130,200
Newark-Union, NJ-PA Metropolitan Division 200 0.21 2.04 (4) $125,630
Columbus, OH 80 0.09 0.85 (4) $122,720
Richmond, VA 60 0.09 0.88 (4) $121,520
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 430 0.18 1.76 (4) $119,850

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)
Northeast Mississippi nonmetropolitan area 50 0.21 2.10 (4) $77,180
Far Western Pennsylvania nonmetropolitan area 50 0.27 2.68 (4) $87,230
Southeast Minnesota nonmetropolitan area 40 0.24 2.29 (8) (8)
East Central Pennsylvania nonmetropolitan area 40 0.16 1.60 (4) $87,300
Southwest New York nonmetropolitan area 40 0.20 1.98 (4) $85,980

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)
Southern Vermont nonmetropolitan area 40 0.35 0.00 (4) $118,070
Northwestern Virginia nonmetropolitan area 40 0.31 3.07 (4) $101,630
Far Western Pennsylvania nonmetropolitan area 50 0.27 2.68 (4) $87,230
South Central Tennessee nonmetropolitan area 30 0.25 2.42 (4) $77,200
Southeast Minnesota nonmetropolitan area 40 0.24 2.29 (8) (8)

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)
Southern Vermont nonmetropolitan area 40 0.35 0.00 (4) $118,070
West Central Illinois nonmetropolitan area (8) (8) (8) (4) $112,340
Northwestern Virginia nonmetropolitan area 40 0.31 3.07 (4) $101,630
West Central Kentucky nonmetropolitan area 30 0.21 2.07 (4) $98,100
East Central Pennsylvania nonmetropolitan area 40 0.16 1.60 (4) $87,300


About May 2013 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 2013 National Occupational Employment and Wage Estimates

May 2013 State Occupational Employment and Wage Estimates

May 2013 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2013 National Industry-Specific Occupational Employment and Wage Estimates

May 2013 Occupation Profiles

Technical Notes

Last Modified Date: April 1, 2014

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