DETAILED OCCUPATION DATA

19-3011 Economists

Occupational Description:
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).

Occupational Employment Statistics(OES) Wage Data
Wages Updated to First Quarter, 2020
 Percentiles
GeographyEmploymentEmp SE*MeanMean SE*10th25thMedian75th90th
Minnesota 16010$48.84/hr$0.98/hr$31.27/hr$38.58/hr$47.64/hr$58.88/hr$70.80/hr
U S 19,000817$56.65/hr$0.79/hr$28.88/hr$38.28/hr$51.01/hr$69.77/hr$89.87/hr
*SE = Standard error, a measure of the statistical reliability of the estimate.


Leading Industries for Economists
IndustryOES EmploymentOES Median Wage
Financial Activities80$52.21/hr
Public Administration50$45.00/hr
Other Services10$32.99/hr
Other Regional Data For Economists
Geography (click title for details)OESProjections
EmploymentMedian Wage% Change 2023 - 2025
Minnesota 160 $47.64/hr 1.1%
Minneapolis-St Paul-Bloomington MN-WI MSA 130 $50.16/hr N/A
Seven County Mpls-St Paul, MN 130 $50.15/hr N/A
Northeast Minnesota N/A N/A N/A
Southeast Minnesota N/A N/A N/A
Southwest Minnesota N/A N/A N/A
Southeast Balance of State N/A N/A N/A
La Crosse WI-MN MSA N/A N/A N/A
Northwest Minnesota N/A N/A N/A
Central Minnesota N/A N/A N/A
Fargo ND-MN MSA N/A N/A N/A
Northwest Balance of State N/A N/A N/A
Rochester MN MSA N/A N/A N/A
Duluth MN-WI MSA N/A N/A N/A
Mankato-North Mankato MN MSA N/A N/A N/A
Southwest Balance of State N/A N/A N/A
Related Occupations
Occupation
(click title for details)
OESProjections
EmploymentMedian Wage% Change 2023 - 2025
Accountants and Auditors23,210$33.06/hr1.5%
Operations Research Analysts2,680$41.91/hr3.7%
Credit Analysts2,080$36.21/hr-3.6%
Purchasing Managers2,050$56.89/hr1.5%
Financial Examiners1,660$41.38/hr1.8%
Budget Analysts510$37.15/hr1.7%
Farm and Home Management Advisors180$23.30/hrN/A
Tasks for Economists