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Career Handbook - Economists Employment
Economists
Employment

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Employment

Economists held about 16,000 jobs in 2002. Private industry employed 53 percent of salaried economists, particularly in scientific research and development firms; management, scientific, and technical consulting firms; banks and securities firms, and business, professional, labor, and political organizations. A wide range of government agencies provided the remaining jobs. The U.S. Departments of Labor, Agriculture, and State are the largest Federal employers of economists. A number of economists combine a full-time job in government, academia, or business with part-time or consulting work in another setting. A little over 11 percent of economists are self-employed.

Employment of economists is concentrated in large cities. Some work abroad for companies with major international operations, for U.S. Government agencies, and for international organizations, such as the World Bank, International Monetary fund, and United Nations.

Besides the jobs described above, many economists hold faculty positions in colleges and universities. Economics faculties have flexible work schedules, and may divide their time among teaching, research, consulting, and administration. (See the statement on teachers—postsecondary elsewhere in the Handbook.)
 


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Data Source: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2004-05 Edition