Economists use mathematical models and statistics to analyze data so they can predict trends and evaluate economic issues related to resources, goods, and services.
A master's or doctoral degree in economics or a related field is usually required to obtain this position. A master's degree typically takes about two-three years of work after earning a four-year bachelor's degree. A doctorate may take an additional two-three years of work after the master's degree is earned, depending on the specific program.
Employment of economists is projected to grow 14 percent from 2019 to 2029, much faster than the average for all occupations. However, because it is a small occupation, the fast growth will result in only about 2,900 new jobs over the decade.
Economists are typically employed by the government, consulting firms, and scientific research firms. Some work individually, while others may work with other economists or statisticians. Most economists work full time, and some may need to work long hours to meet strict deadlines.