Occupational Employment and Wages, May 2017

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)
19,550 4.5 % $54.16 $112,650 1.3 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $27.11 $36.35 $49.27 $66.59 $82.97
Annual Wage (2) $56,400 $75,610 $102,490 $138,500 $172,580


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) 4,450 0.22 $56.75 $118,050
Scientific Research and Development Services 3,440 0.53 $58.23 $121,120
Management, Scientific, and Technical Consulting Services 2,970 0.22 $60.47 $125,780
State Government, excluding schools and hospitals (OES Designation) 1,770 0.08 $34.60 $71,970
Local Government, excluding schools and hospitals (OES Designation) 1,170 0.02 $40.30 $83,820

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 410 2.27 $62.18 $129,320
Scientific Research and Development Services 3,440 0.53 $58.23 $121,120
Grantmaking and Giving Services 570 0.40 $51.39 $106,890
Federal Executive Branch (OES Designation) 4,450 0.22 $56.75 $118,050
Management, Scientific, and Technical Consulting Services 2,970 0.22 $60.47 $125,780

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Legal Services (8) (8) $109.05 $226,820
Credit Intermediation and Related Activities (5221 And 5223 only) (8) (8) $76.96 $160,070
Petroleum and Coal Products Manufacturing 30 0.03 $62.62 $130,260
Management of Companies and Enterprises 180 0.01 $62.31 $129,600
Monetary Authorities-Central Bank 410 2.27 $62.18 $129,320


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 7,680 10.85 79.13 $60.29 $125,400
California 1,470 0.09 0.64 $59.12 $122,960
Virginia 1,350 0.36 2.59 $59.76 $124,300
New York 700 0.08 0.55 $61.89 $128,740
Texas 670 0.06 0.41 $49.22 $102,380




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 7,680 10.85 79.13 $60.29 $125,400
Virginia 1,350 0.36 2.59 $59.76 $124,300
Vermont 90 0.30 2.21 $39.54 $82,240
Maryland 640 0.24 1.74 $54.90 $114,180
Hawaii 150 0.23 1.71 $45.96 $95,590




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 700 0.08 0.55 $61.89 $128,740
District of Columbia 7,680 10.85 79.13 $60.29 $125,400
Virginia 1,350 0.36 2.59 $59.76 $124,300
California 1,470 0.09 0.64 $59.12 $122,960
Massachusetts (8) (8) (8) $56.54 $117,600



<

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 9,240 3.67 26.74 $60.24 $125,290
Boston-Cambridge-Newton, MA NECTA Division 990 0.54 3.92 $57.06 $118,690
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 560 0.08 0.61 $65.88 $137,020
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 400 0.09 0.66 $70.67 $147,000
Atlanta-Sandy Springs-Roswell, GA 360 0.14 1.00 $52.08 $108,320
Chicago-Naperville-Arlington Heights, IL Metropolitan Division 280 0.08 0.57 $50.88 $105,830
San Francisco-Redwood City-South San Francisco, CA Metropolitan Division 270 0.24 1.78 $58.58 $121,840
Minneapolis-St. Paul-Bloomington, MN-WI 220 0.12 0.84 $38.94 $81,000
Philadelphia, PA Metropolitan Division 210 0.23 1.70 $42.95 $89,330
Seattle-Bellevue-Everett, WA Metropolitan Division 200 0.12 0.89 $48.62 $101,120


<

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 9,240 3.67 26.74 $60.24 $125,290
Harrisburg-Carlisle, PA 190 0.58 4.26 $34.86 $72,500
Boston-Cambridge-Newton, MA NECTA Division 990 0.54 3.92 $57.06 $118,690
College Station-Bryan, TX 50 0.45 3.30 (8) (8)
Durham-Chapel Hill, NC 130 0.42 3.08 $40.29 $83,790
Trenton, NJ 70 0.30 2.16 (8) (8)
Urban Honolulu, HI 130 0.29 2.13 $47.67 $99,150
Ann Arbor, MI 60 0.29 2.09 $55.81 $116,080
Madison, WI 100 0.26 1.89 $33.93 $70,580
Silver Spring-Frederick-Rockville, MD Metropolitan Division 140 0.25 1.79 $61.38 $127,670


<

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 0.71 $73.34 $152,540
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 400 0.09 0.66 $70.67 $147,000
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 560 0.08 0.61 $65.88 $137,020
Cleveland-Elyria, OH 70 0.07 0.51 $62.23 $129,450
Silver Spring-Frederick-Rockville, MD Metropolitan Division 140 0.25 1.79 $61.38 $127,670
Pittsburgh, PA 40 0.04 0.27 $60.73 $126,330
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 9,240 3.67 26.74 $60.24 $125,290
San Francisco-Redwood City-South San Francisco, CA Metropolitan Division 270 0.24 1.78 $58.58 $121,840
Montgomery County-Bucks County-Chester County, PA Metropolitan Division (8) (8) (8) $58.47 $121,610
Boston-Cambridge-Newton, MA NECTA Division 990 0.54 3.92 $57.06 $118,690

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 0.45 3.31 $37.02 $77,000
Central New Hampshire nonmetropolitan area 50 0.47 3.45 $32.58 $67,770
Northwest Oklahoma nonmetropolitan area 50 0.48 3.49 $17.57 $36,550
Southeast Alaska nonmetropolitan area 40 1.01 7.38 $41.23 $85,770
Southern Vermont nonmetropolitan area 30 0.31 2.29 $38.41 $79,890

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)
Southeast Alaska nonmetropolitan area 40 1.01 7.38 $41.23 $85,770
Northwest Oklahoma nonmetropolitan area 50 0.48 3.49 $17.57 $36,550
Central New Hampshire nonmetropolitan area 50 0.47 3.45 $32.58 $67,770
Southwest Montana nonmetropolitan area 60 0.45 3.31 $37.02 $77,000
Northern Vermont nonmetropolitan area 30 0.43 3.16 $39.27 $81,670

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)
Southeast Alaska nonmetropolitan area 40 1.01 7.38 $41.23 $85,770
Northern Vermont nonmetropolitan area 30 0.43 3.16 $39.27 $81,670
Southern Vermont nonmetropolitan area 30 0.31 2.29 $38.41 $79,890
Southwest Montana nonmetropolitan area 60 0.45 3.31 $37.02 $77,000
Central New Hampshire nonmetropolitan area 50 0.47 3.45 $32.58 $67,770


About May 2017 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 2017 National Occupational Employment and Wage Estimates

May 2017 State Occupational Employment and Wage Estimates

May 2017 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2017 National Industry-Specific Occupational Employment and Wage Estimates

May 2017 Occupation Profiles

Technical Notes

 

Last Modified Date: March 30, 2018