Employment of economists is projected to grow 6 percent from 2014 to 2024, about as fast as the average for all occupations. 

Businesses and organizations across many industries are increasingly relying on economic analysis and quantitative methods to analyze and forecast business, sales, and other economic trends. Demand for economists should grow as a result of the increasing complexity of the global economy, additional financial regulations, and a more competitive business environment. As a result, demand for economists should be highest in private industry, especially in management, scientific, and professional consulting services.

However, employment in the federal government—the largest employer of economists—is projected to decline over the next ten years due to anticipated reductions in federal spending.

Job Prospects

In general, job opportunities should be good. Candidates with a master's degree or Ph.D., strong quantitative and analytical skills—particularly with large datasets— and related work experience will have the best prospects. 

Applicants with a bachelor's degree may face very strong competition for jobs. As a result, bachelor's degreeholders will likely find jobs outside the economist occupation, working instead as research assistants, financial analysts, market analysts, and in similar positions in business, finance, and consulting.