The U.S. Department of Labor has developed an automated occupational information database, O*NET, that identifies and describes work content, work skills, and training requirements for all jobs across the country in all sectors of the economy. Much of the occupational information contained in this report is derived directly from the O*NET database, and supplemented with information from the Bureau of Labor Statistics, Census Bureau, and Labor Market and Career Information.
| Industry | % of Economists employed | Annual Growth Rate |
|---|---|---|
| Management, scientific, and technical consulting services | 19.7 | 1.84 |
| Scientific research and development services | 10.6 | 0.00 |
| Business, professional, labor, political, and similar organizations | 3.6 | 0.00 |
| Other professional, scientific, and technical services | 3.1 | 1.84 |
| Colleges, universities, and professional schools | 2.1 | 0.00 |
| 2024 Statewide average hourly wage | $58.85 |
| 2024 National average hourly wage | $62.94 |
| 2022 National employment | 17,600 |
| 2022 Texas employment | 469 |
| Texas projected employment by 2032 | 549 |
| Texas projected annual employment and Turnover openings through 2032 | 39 |
| Region | Employment | Projected Employment 2032 | Projected Annual Openings 2032 |
Annual Growth Rate |
Average Income |
|---|---|---|---|---|---|
| Texas (all regions) | 469 | 549 | 39 | 1.59% | $122,402.00 |
| Top 10 Relevant Knowledge Areas | Relevant Importance Levels |
|---|---|
| Mathematics Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications. |
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| Economics and Accounting Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data. |
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| English Language Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar. |
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| Computers and Electronics Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming. |
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| Education and Training Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects. |
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| Communications and Media Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media. |
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| Law and Government Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process. |
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| Administration and Management Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources. |
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| Sociology and Anthropology Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins. |
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| History and Archeology Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures. |
| Top 10 Relevant Skill Areas | Relevant Importance Levels |
|---|---|
| Critical Thinking Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems. |
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| Reading Comprehension Understanding written sentences and paragraphs in work-related documents. |
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| Mathematics Using mathematics to solve problems. |
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| Active Listening Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times. |
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| Writing Communicating effectively in writing as appropriate for the needs of the audience. |
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| Speaking Talking to others to convey information effectively. |
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| Judgment and Decision Making Considering the relative costs and benefits of potential actions to choose the most appropriate one. |
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| Complex Problem Solving Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions. |
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| Active Learning Understanding the implications of new information for both current and future problem-solving and decision-making. |
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| Instructing Teaching others how to do something. |
| Top 10 Relevant Abilities | Relevant Importance Levels |
|---|---|
| Written Comprehension The ability to read and understand information and ideas presented in writing. |
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| Inductive Reasoning The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events). |
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| Mathematical Reasoning The ability to choose the right mathematical methods or formulas to solve a problem. |
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| Deductive Reasoning The ability to apply general rules to specific problems to produce answers that make sense. |
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| Oral Comprehension The ability to listen to and understand information and ideas presented through spoken words and sentences. |
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| Oral Expression The ability to communicate information and ideas in speaking so others will understand. |
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| Written Expression The ability to communicate information and ideas in writing so others will understand. |
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| Speech Clarity The ability to speak clearly so others can understand you. |
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| Fluency of Ideas The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity). |
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| Problem Sensitivity The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem. |