News Channel 25 reported that state economists in Texas have recently noted the biggest decrease in unemployment to happen in 30 years. The state now has an unemployment rate of just 6.6 percent, which is well below the national average. Business administers with backgrounds in economics have promising career opportunities in the current environment as corporations headquartered or with operations in the state are increasingly looking to the findings of whole-picture economic analysis for their strategic decision making.
Texas Economist Salaries and Job Data
Economists are doing exceptionally well in Texas, according to the Bureau of Labor Statistics (BLS). The average economist salary in Texas was $96,480 ($46.38 per hour) as of the Bureau’s most recent report in May 2011.
According to the BLS, there are currently 860 public sector economists working in the Lone Star State, however, many more business leaders and executives with backgrounds in managerial economics have established careers within Texas’ private sector.
The average economist salaries in some of Texas’ largest cities:
- Arlington, $114,970
- Austin, $92,330
- Dallas, $114,970
- Forth Worth, $114,970
Positions Within Fortune 500 Companies and Government Agencies in Texas
There are over 50 Fortune 500 companies headquartered in Texas that are the key employers of analysts, managers, and executives with economics backgrounds in the state. Analysts who work for the oil and gas giant Exxon Mobil, based in Irving, are charged with tracking market trends and advising corporate executives to ensure wise investment strategies.
AT&T is another major multinational based in Dallas that has a team of highly-skilled managerial economists in its employ. Other top private sector employers of economists in Texas include:
- AMR, Fort Worth
- Dell, Round Rock
- Kimberly-Clark, Irving