Occupational Employment and Wages, May 2016

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)
19,380 4.3 % $54.26 $112,860 1.3 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $26.51 $35.52 $48.58 $66.40 $87.05
Annual Wage (2) $55,150 $73,890 $101,050 $138,120 $181,060


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) 4,420 0.22 $55.58 $115,610
Scientific Research and Development Services 3,500 0.52 $57.08 $118,730
Management, Scientific, and Technical Consulting Services 3,190 0.24 $64.03 $133,170
State Government (OES Designation) 1,800 0.08 $34.20 $71,130
Local Government (OES Designation) 1,130 0.02 $38.72 $80,530

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 430 2.40 $66.29 $137,880
Scientific Research and Development Services 3,500 0.52 $57.08 $118,730
Grantmaking and Giving Services 410 0.29 $52.99 $110,220
Management, Scientific, and Technical Consulting Services 3,190 0.24 $64.03 $133,170
Federal Executive Branch (OES Designation) 4,420 0.22 $55.58 $115,610

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Legal Services (8) (8) $87.53 $182,060
Depository Credit Intermediation 70 (7) $74.05 $154,030
Other Financial Investment Activities 70 0.02 $70.69 $147,030
Monetary Authorities-Central Bank 430 2.40 $66.29 $137,880
Management, Scientific, and Technical Consulting Services 3,190 0.24 $64.03 $133,170


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 7,420 10.56 76.50 $60.22 $125,260
California 1,540 0.10 0.70 $57.53 $119,650
Virginia 1,170 0.31 2.26 $60.80 $126,460
Texas 930 0.08 0.58 $60.38 $125,590
Maryland 650 0.25 1.78 $54.29 $112,930




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 7,420 10.56 76.50 $60.22 $125,260
Virginia 1,170 0.31 2.26 $60.80 $126,460
Vermont 90 0.31 2.23 $38.86 $80,830
Maryland 650 0.25 1.78 $54.29 $112,930
Hawaii 140 0.22 1.60 $47.64 $99,100




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Virginia 1,170 0.31 2.26 $60.80 $126,460
Texas 930 0.08 0.58 $60.38 $125,590
District of Columbia 7,420 10.56 76.50 $60.22 $125,260
New York 570 0.06 0.45 $60.09 $124,980
California 1,540 0.10 0.70 $57.53 $119,650





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 8,790 3.53 25.56 $60.29 $125,410
Boston-Cambridge-Newton, MA NECTA Division 1,180 0.65 4.74 $52.22 $108,620
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 420 0.10 0.73 $71.05 $147,770
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 390 0.06 0.43 $66.60 $138,540
Dallas-Plano-Irving, TX Metropolitan Division 380 0.15 1.12 $57.29 $119,170
Atlanta-Sandy Springs-Roswell, GA 340 0.13 0.97 $52.21 $108,590
Houston-The Woodlands-Sugar Land, TX 340 0.12 0.84 $71.51 $148,730
Chicago-Naperville-Arlington Heights, IL Metropolitan Division 290 0.08 0.57 $54.61 $113,600
San Francisco-Redwood City-South San Francisco, CA Metropolitan Division 240 0.22 1.62 $54.78 $113,940
Minneapolis-St. Paul-Bloomington, MN-WI 230 0.12 0.88 $36.56 $76,050




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)
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 8,790 3.53 25.56 $60.29 $125,410
Cheyenne, WY 40 0.81 5.87 $35.51 $73,850
Boston-Cambridge-Newton, MA NECTA Division 1,180 0.65 4.74 $52.22 $108,620
Harrisburg-Carlisle, PA 170 0.53 3.85 $33.55 $69,790
Madison, WI 190 0.50 3.61 $51.82 $107,780
Trenton, NJ 70 0.32 2.34 $36.78 $76,510
Silver Spring-Frederick-Rockville, MD Metropolitan Division 180 0.32 2.29 $60.63 $126,110
Tallahassee, FL 50 0.29 2.09 $32.37 $67,330
Little Rock-North Little Rock-Conway, AR 90 0.25 1.83 $32.76 $68,140
Ann Arbor, MI 50 0.23 1.68 $63.26 $131,580




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)
Bridgeport-Stamford-Norwalk, CT 30 0.08 0.59 $73.36 $152,580
Houston-The Woodlands-Sugar Land, TX 340 0.12 0.84 $71.51 $148,730
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 420 0.10 0.73 $71.05 $147,770
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 390 0.06 0.43 $66.60 $138,540
Tampa-St. Petersburg-Clearwater, FL 40 0.03 0.23 $64.87 $134,930
San Jose-Sunnyvale-Santa Clara, CA (8) (8) (8) $63.28 $131,610
Ann Arbor, MI 50 0.23 1.68 $63.26 $131,580
Silver Spring-Frederick-Rockville, MD Metropolitan Division 180 0.32 2.29 $60.63 $126,110
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 8,790 3.53 25.56 $60.29 $125,410
Oakland-Hayward-Berkeley, CA Metropolitan Division 210 0.20 1.43 $57.38 $119,340

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)
Southern Vermont nonmetropolitan area 40 0.38 2.78 $36.80 $76,550
Central New Hampshire nonmetropolitan area 30 0.36 2.59 $32.63 $67,870
Northern Vermont nonmetropolitan area 30 0.44 3.21 $48.50 $100,880

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)
Northern Vermont nonmetropolitan area 30 0.44 3.21 $48.50 $100,880
Southern Vermont nonmetropolitan area 40 0.38 2.78 $36.80 $76,550
Central New Hampshire nonmetropolitan area 30 0.36 2.59 $32.63 $67,870

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)
Northern Vermont nonmetropolitan area 30 0.44 3.21 $48.50 $100,880
Southwest Montana nonmetropolitan area (8) (8) (8) $37.92 $78,870
Southern Vermont nonmetropolitan area 40 0.38 2.78 $36.80 $76,550
Central New Hampshire nonmetropolitan area 30 0.36 2.59 $32.63 $67,870


About May 2016 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.

(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 2016 National Occupational Employment and Wage Estimates

May 2016 State Occupational Employment and Wage Estimates

May 2016 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2016 National Industry-Specific Occupational Employment and Wage Estimates

May 2016 Occupation Profiles

Technical Notes

 

Last Modified Date: March 31, 2017