Occupational Employment and Wages, May 2013

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)
17,230 3.5 % $48.78 $101,450 2.0 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $24.01 $32.39 $44.75 $60.69 $76.00
Annual Wage (2) $49,940 $67,380 $93,070 $126,230 $158,090


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) 4,270 0.21 $53.54 $111,370
Management, Scientific, and Technical Consulting Services 3,910 0.34 $50.54 $105,130
State Government (OES Designation) 1,950 0.09 $30.78 $64,010
Scientific Research and Development Services 1,920 0.30 $50.13 $104,270
Local Government (OES Designation) 970 0.02 $36.35 $75,620

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 350 2.05 $59.37 $123,490
Management, Scientific, and Technical Consulting Services 3,910 0.34 $50.54 $105,130
Scientific Research and Development Services 1,920 0.30 $50.13 $104,270
Federal Executive Branch (OES Designation) 4,270 0.21 $53.54 $111,370
State Government (OES Designation) 1,950 0.09 $30.78 $64,010

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Legal Services 40 (7) $81.24 $168,970
Depository Credit Intermediation 130 0.01 $64.43 $134,020
Securities and Commodity Contracts Intermediation and Brokerage 210 0.05 $62.13 $129,220
Monetary Authorities-Central Bank 350 2.05 $59.37 $123,490
Petroleum and Coal Products Manufacturing 30 0.03 $57.83 $120,300


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 4,890 7.34 56.51 $56.13 $116,740
California 3,050 0.21 1.60 $47.04 $97,850
Virginia 1,060 0.29 2.25 $57.76 $120,150
Massachusetts 850 0.26 2.00 $45.77 $95,210
Texas 840 0.08 0.59 $49.10 $102,130




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 4,890 7.34 56.51 $56.13 $116,740
Virginia 1,060 0.29 2.25 $57.76 $120,150
Massachusetts 850 0.26 2.00 $45.77 $95,210
Alaska 90 0.26 2.03 $42.25 $87,880
California 3,050 0.21 1.60 $47.04 $97,850




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) $95.25 $198,120
Ohio 130 0.03 0.20 $59.24 $123,230
Virginia 1,060 0.29 2.25 $57.76 $120,150
New York 640 0.07 0.57 $57.09 $118,750
District of Columbia 4,890 7.34 56.51 $56.13 $116,740





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 5,900 2.49 19.16 $56.70 $117,930
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 780 0.75 5.74 $52.52 $109,240
Boston-Cambridge-Quincy, MA NECTA Division 770 0.44 3.39 $46.23 $96,170
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 540 0.14 1.05 $55.54 $115,530
New York-White Plains-Wayne, NY-NJ Metropolitan Division 440 0.08 0.64 $62.69 $130,400
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 390 0.27 2.07 $47.46 $98,720
Philadelphia, PA Metropolitan Division 300 0.16 1.25 $45.48 $94,590
Houston-Sugar Land-Baytown, TX 290 0.11 0.82 $57.07 $118,710
Atlanta-Sandy Springs-Marietta, GA 290 0.12 0.95 $48.34 $100,550
Chicago-Joliet-Naperville, IL Metropolitan Division 270 0.07 0.57 $49.43 $102,820




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 5,900 2.49 19.16 $56.70 $117,930
Olympia, WA 170 1.76 13.53 $36.14 $75,180
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 780 0.75 5.74 $52.52 $109,240
College Station-Bryan, TX 70 0.68 5.26 $33.03 $68,700
Boston-Cambridge-Quincy, MA NECTA Division 770 0.44 3.39 $46.23 $96,170
Boulder, CO 60 0.38 2.95 $40.95 $85,180
Anchorage, AK 60 0.32 2.47 $42.27 $87,920
Santa Barbara-Santa Maria-Goleta, CA 50 0.31 2.36 $40.46 $84,160
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 390 0.27 2.07 $47.46 $98,720
Bethesda-Rockville-Frederick, MD Metropolitan Division 150 0.27 2.04 $57.94 $120,510




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) $104.20 $216,730
New York-White Plains-Wayne, NY-NJ Metropolitan Division 440 0.08 0.64 $62.69 $130,400
St. Louis, MO-IL 60 0.05 0.38 $62.39 $129,770
Dallas-Plano-Irving, TX Metropolitan Division (8) (8) (8) $58.77 $122,240
Bethesda-Rockville-Frederick, MD Metropolitan Division 150 0.27 2.04 $57.94 $120,510
Houston-Sugar Land-Baytown, TX 290 0.11 0.82 $57.07 $118,710
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 5,900 2.49 19.16 $56.70 $117,930
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 540 0.14 1.05 $55.54 $115,530
San Diego-Carlsbad-San Marcos, CA 210 0.16 1.22 $52.83 $109,880
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 780 0.75 5.74 $52.52 $109,240

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 60 0.49 3.74 $39.13 $81,390

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 60 0.49 3.74 $39.13 $81,390

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 60 0.49 3.74 $39.13 $81,390


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.

(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 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