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Money & Outlook

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National Earnings

Average Annual Wage

$128,180

Average Hourly Wage

$61.63

Average Annual Range

$62,480 to $207,230

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook stable
  The employment change from 2021 to 2031 is estimated to be +6%.
(The National average for all occupations is +5%)
Job Openings very small number
  Less than 1000 average annual openings are expected for this occupation between 2021 and 2031.
(The National Average for all occupations is 1,757 openings)
Employment very small occupation
  This was a very small occupation in the United States, employing 16,900 workers in 2021.
(The National average for all occupations is 142,207 workers)
Growth Average growth
  Organizations across many industries use economic analysis and quantitative methods to study and forecast business, sales, and other market trends. Employment demand is expected to be strong for these workers, as organizations increasingly turn to economists to apply analysis of big data to pricing, advertising, and other areas. The increasing complexity of the global economy and a more competitive business environment also are expected to support demand for economists. 
Industries Large concentrations of this occupation are found in these industries
  • Professional, scientific, and technical services (NAICS540000) (33.5%)
  • Federal government (NAICS910000) (28.2%)
  • Management, scientific, and technical consulting services (NAICS541600) (17.5%)
  • Scientific research and development services (NAICS541700) (11.9%)
  • State government, excluding education and hospitals (10.5%)
  • Research and development in the social sciences and humanities (NAICS541720) (9.8%)
  • Local government, excluding education and hospitals (8.3%)
  • Other Services (except Public Administration) (NAICS810000) (6.5%)
  • Religious, grantmaking, civic, professional, and similar organizations (NAICS813000) (6.5%)

Contact

  • Email Support
  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900
  • North Dakota Career Resource Network
    ndcrn@nd.gov | (701) 328-9733

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