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Occupational Employment Statistics
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Occupational Employment and Wages, May 2019

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)
19,000 4.3 % $56.07 $116,630 1.4 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $28.58 $37.89 $50.49 $69.05 $88.95
Annual Wage (2) $59,450 $78,800 $105,020 $143,620 $185,020


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) 4,210 0.21 $59.24 $123,210
Scientific Research and Development Services 3,630 0.51 $60.20 $125,220
Management, Scientific, and Technical Consulting Services 3,490 0.23 $60.74 $126,340
State Government, excluding schools and hospitals (OES Designation) 1,710 0.08 $35.72 $74,310
Local Government, excluding schools and hospitals (OES Designation) 1,290 0.02 $42.89 $89,210

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 370 1.92 $71.18 $148,060
Scientific Research and Development Services 3,630 0.51 $60.20 $125,220
Grantmaking and Giving Services 350 0.24 $54.01 $112,350
Management, Scientific, and Technical Consulting Services 3,490 0.23 $60.74 $126,340
Federal Executive Branch (OES Designation) 4,210 0.21 $59.24 $123,210

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Legal Services (8) (8) $128.98 $268,290
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 370 0.04 $73.06 $151,960
Monetary Authorities-Central Bank 370 1.92 $71.18 $148,060
Other Professional, Scientific, and Technical Services 260 0.03 $67.36 $140,100
Other Information Services 100 0.03 $61.85 $128,660


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 6,480 8.95 69.23 $65.20 $135,620
California 1,810 0.10 0.81 $57.97 $120,580
Virginia 1,200 0.31 2.39 $60.33 $125,490
Massachusetts 890 0.25 1.90 $54.51 $113,380
Texas 860 0.07 0.53 $50.62 $105,290




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 6,480 8.95 69.23 $65.20 $135,620
Alaska 120 0.37 2.83 $45.43 $94,490
Virginia 1,200 0.31 2.39 $60.33 $125,490
Maryland 730 0.27 2.10 $57.56 $119,720
Massachusetts 890 0.25 1.90 $54.51 $113,380




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 820 0.09 0.67 $70.12 $145,840
District of Columbia 6,480 8.95 69.23 $65.20 $135,620
Virginia 1,200 0.31 2.39 $60.33 $125,490
California 1,810 0.10 0.81 $57.97 $120,580
Maryland 730 0.27 2.10 $57.56 $119,720





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 8,060 2.53 19.59 $64.43 $134,010
Boston-Cambridge-Nashua, MA-NH 820 0.29 2.28 $53.66 $111,610
New York-Newark-Jersey City, NY-NJ-PA 800 0.08 0.64 $71.81 $149,360
San Francisco-Oakland-Hayward, CA 550 0.22 1.73 $64.03 $133,180
Los Angeles-Long Beach-Anaheim, CA 440 0.07 0.55 $61.39 $127,700
Chicago-Naperville-Elgin, IL-IN-WI 410 0.09 0.68 $51.83 $107,810
Dallas-Fort Worth-Arlington, TX 380 0.10 0.80 $54.91 $114,220
Atlanta-Sandy Springs-Roswell, GA 330 0.12 0.94 $49.35 $102,640
Sacramento--Roseville--Arden-Arcade, CA 280 0.28 2.16 $38.92 $80,960
Seattle-Tacoma-Bellevue, WA 250 0.12 0.95 $54.03 $112,380




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 8,060 2.53 19.59 $64.43 $134,010
Olympia-Tumwater, WA 130 1.13 8.72 $42.07 $87,510
Harrisburg-Carlisle, PA 210 0.65 5.03 $34.10 $70,940
College Station-Bryan, TX 50 0.45 3.45 $30.99 $64,470
Trenton, NJ 100 0.43 3.29 $38.16 $79,360
Boulder, CO 80 0.41 3.17 $51.87 $107,880
Anchorage, AK 60 0.34 2.65 $41.64 $86,610
Boston-Cambridge-Nashua, MA-NH 820 0.29 2.28 $53.66 $111,610
Sacramento--Roseville--Arden-Arcade, CA 280 0.28 2.16 $38.92 $80,960
Little Rock-North Little Rock-Conway, AR 90 0.25 1.94 $35.29 $73,400




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)
San Jose-Sunnyvale-Santa Clara, CA 110 0.10 0.78 $74.30 $154,540
New York-Newark-Jersey City, NY-NJ-PA 800 0.08 0.64 $71.81 $149,360
Washington-Arlington-Alexandria, DC-VA-MD-WV 8,060 2.53 19.59 $64.43 $134,010
San Francisco-Oakland-Hayward, CA 550 0.22 1.73 $64.03 $133,180
Tampa-St. Petersburg-Clearwater, FL 60 0.04 0.33 $62.79 $130,600
Los Angeles-Long Beach-Anaheim, CA 440 0.07 0.55 $61.39 $127,700
Baltimore-Columbia-Towson, MD 110 0.08 0.61 $61.20 $127,300
Cleveland-Elyria, OH 30 0.03 0.24 $60.47 $125,770
San Diego-Carlsbad, CA 180 0.12 0.94 $58.70 $122,100
Ogden-Clearfield, UT (8) (8) (8) $55.45 $115,340

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)
Southwest Montana nonmetropolitan area 60 0.42 3.27 $36.20 $75,290
Alaska nonmetropolitan area 60 0.52 4.01 $49.46 $102,870

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)
Alaska nonmetropolitan area 60 0.52 4.01 $49.46 $102,870
Southwest Montana nonmetropolitan area 60 0.42 3.27 $36.20 $75,290

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)
Alaska nonmetropolitan area 60 0.52 4.01 $49.46 $102,870
West Northwestern Ohio nonmetropolitan area (8) (8) (8) $44.39 $92,340
Northwest Oklahoma nonmetropolitan area (8) (8) (8) $36.63 $76,200
Southwest Montana nonmetropolitan area 60 0.42 3.27 $36.20 $75,290


About May 2019 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 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.

(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 2019 National Occupational Employment and Wage Estimates

May 2019 State Occupational Employment and Wage Estimates

May 2019 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2019 National Industry-Specific Occupational Employment and Wage Estimates

May 2019 Occupation Profiles

Technical Notes

 

Last Modified Date: July 6, 2020