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economy, including employment, prices, productivity, and wages, among other types of data. Federal government economists collect and analyze data about the U.S.
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Many economists work in federal, state, and local government. They sometimes present their research to various audiences.
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They research and analyze data using a variety of software programs. Some economists study the cost of products, healthcare, or energy, while others examine employment levels, business cycles, exchange rates, taxes, inflation, or interest rates.Įconomists often study historical trends and use them to make forecasts.
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Similar OccupationsĬompare the job duties, education, job growth, and pay of economists with similar occupations. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.Įxplore resources for employment and wages by state and area for economists. Job OutlookĮmployment of economists is projected to grow 13 percent from 2020 to 2030, faster than the average for all occupations.Ībout 1,600 openings for economists are projected each year, on average, over the decade. The median annual wage for economists was $105,630 in May 2021. However, some entry-level jobs-primarily in the federal government-are available for workers with a bachelor’s degree.
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How to Become an EconomistĮconomists typically need at least a master’s degree to enter the occupation.
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Most economists work full time during regular business hours, but occasionally they work overtime to meet deadlines. Work EnvironmentĪlthough the majority of economists work independently in an office, many collaborate with other economists and statisticians. Quick Facts: EconomistsĮconomists collect and analyze data, research trends, and evaluate economic issues for resources, goods, and services. NFL footage © NFL Productions LLC.Please enable javascript to play this video. All other NFL-related trademarks are trademarks of the National Football League. NFL and the NFL shield design are registered trademarks of the National Football League.The team names, logos and uniform designs are registered trademarks of the teams indicated.