Most expect another year of depressed transactional and capital markets work-a huge driver of profits.īut cheer up, law firm managing partners. Many are set to pay partners significantly less than they did a year ago. Headlines about the law firm business seem gloomy. Sign up to receive this column in your Inbox on Thursday mornings. Today, we look at how much law firms are raising rates in 2023. (9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration.Ī 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.Welcome back to the Big Law Business column on the changing legal marketplace written by me, Roy Strom. The smaller the relative standard error, the more precise the estimate. (3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. (2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours įor those occupations where there is not an hourly wage published, the annual wage has been directly calculated from the reported survey data. Estimates do not include self-employed workers. (1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. 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. The percentile wage estimate is the value of a wage below which a certain percent of workers fall. The complete list is available in the downloadable XLS files. The top employment and wage figures are provided above. 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. Mountain North Carolina nonmetropolitan areaĬentral East New York nonmetropolitan areaĪbout May 2022 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates Top paying nonmetropolitan areas for Data Scientists: Nonmetropolitan areaĬoastal Plains Region of Texas nonmetropolitan area Nonmetropolitan areas with the highest concentration of jobs and location quotients in Data Scientists: Nonmetropolitan area Northeast Mississippi nonmetropolitan area Nonmetropolitan areas with the highest employment in Data Scientists: Nonmetropolitan area Top paying metropolitan areas for Data Scientists: Metropolitan area States and areas with the highest published employment, location quotients, and wages for Data Scientists are provided.įor a list of all areas with employment in Data Scientists, see the Create Customized Tables function. Securities, Commodity Contracts, and Other Financial Investments and Related Activities Semiconductor and Other Electronic Component ManufacturingĪutomotive Parts, Accessories, and Tire Retailers Top paying industries for Data Scientists: IndustryĬlothing and Clothing Accessories RetailersĬomputer and Peripheral Equipment Manufacturing Manufacturing and Reproducing Magnetic and Optical MediaĬomputing Infrastructure Providers, Data Processing, Web Hosting, and Related Services Web Search Portals, Libraries, Archives, and Other Information Services Industries with the highest concentration of employment in Data Scientists: Industry Scientific Research and Development Services Management, Scientific, and Technical Consulting Services Industries with the highest levels of employment in Data Scientists: IndustryĬomputer Systems Design and Related Services Industries with the highest published employment and wages for Data Scientists are provided.įor a list of all industries with employment in Data Scientists, see the Create Customized Tables function. Percentile wage estimates for Data Scientists: Percentile Excludes “Statisticians” (15-2041), “Cartographers and Photogrammetrists” (17-1021), and “Health Information Technologists and Medical Registrars” (29-9021).Įmployment estimate and mean wage estimates for Data Scientists: Employment (1) Visualize, interpret, and report data findings. Apply data mining, data modeling, natural language processing, and machine learning to extract and analyze information from large structured and unstructured datasets. Occupational Employment and Wages, May 2022 15-2051 Data Scientistsĭevelop and implement a set of techniques or analytics applications to transform raw data into meaningful information using data-oriented programming languages and visualization software. About Overview Overview Info for Survey Participants Questions & Answers Related Links Notices
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