Compare the job duties, education, job growth, and pay of economists with similar occupations. Most economists work full time during regular business hours, but occasionally they work overtime to meet deadlines. To make the best policy decisions, the federal government needs analysts to study and predict the effects of specific taxes, laws, and expenditure programs. There are links in the left-hand side menu to compare occupational employment by state and occupational wages by local area or metro area. Enter a keyword or location — when you start typing, we'll offer suggestions to help narrow your search. Economic experts can also advise the government in areas like education, transportation, trade, foreign relations, and national security. Tip: A master’s degree in economics is a good way to get into work at the White House’s Office of Management and Budget. Different agencies may require technical skills and specialized experience, such as knowledge of insurance policies for careers in healthcare or knowledge of agriculture practices for jobs in the U.S. Department of Agriculture. It oversees the U.S. Census Bureau, Bureau of Economic Analysis (BEA), Economics and Statistics Administration and Economic Development Administration. Top candidates will also have previous experience in their field (whether inside or outside of government) as well as extracurricular involvement. CareerOneStop includes hundreds of occupational profiles with data available by state and metro area. at https://www.bls.gov/ooh/life-physical-and-social-science/economists.htm (visited November 21, 2020). Industrial Property Management Series 1103 9. Actuaries use mathematics, statistics, and financial theory to analyze the financial costs of risk and uncertainty. More Information, Including Links to O*NET, https://www.bls.gov/ooh/life-physical-and-social-science/economists.htm, Federal government, excluding postal service, Scientific research and development services, Management, scientific, and technical consulting services, State government, excluding education and hospitals, Analyze data using mathematical models, statistical techniques, and software, Present research results in reports, tables, and charts, Advise businesses, governments, and individuals on economic topics, Write articles for academic journals and other media. Actuary. Resumes are screened for specific key words and phrases before they are forwarded to a hiring manager, so it is important to mirror resume content with the vacancy notice. Students can pursue an advanced degree in economics with a bachelor’s degree in a number of fields, but a strong background in mathematics is essential. Critical-thinking skills. Financial Institution Examiners ensure compliance with laws governing financial institutions and transactions. Economists study the production and distribution of resources, goods, and services. Information on this site allows projected employment growth for an occupation to be compared among states or to be compared within one state. Speaking skills. Within every occupation, earnings vary by experience, responsibility, performance, tenure, and geographic area. Most economists need a master’s degree or Ph.D. Any unsaved data will be lost if you allow the session to expire. Note: All Occupations includes all occupations in the U.S. Economy.Source: U.S. Bureau of Labor Statistics, Occupational Employment Statistics. Economists working for corporations help managers and decisionmakers understand how the economy will affect their business. Last Modified Date: Many PhD economists become postsecondary teachers. Economists held about 20,500 jobs in 2019. The Occupational Employment Statistics (OES) program produces employment and wage estimates annually for over 800 occupations. 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. You can improve your search results if you update and use your preferences. Median wage data are from the BLS Occupational Employment Statistics survey. You can save a search to automatically look for new jobs that match what you're looking for. The Auditing Series 0511* 4. Learn more about economists by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations. Economists must be able to review data in detail, observe patterns, perform advanced calculations, and draw logical conclusions. For example, labor economists analyze the effects of labor policies on employment.

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