What is the BLS in economics?

The Bureau of Labor Statistics (BLS) is a federal agency that collects and disseminates various data about the U.S. economy and labor market. Its reports include the Consumer Price Index (CPI) and the Producer Price Index (PPI), both of which are considered to be important measures of inflation.

Is the a high demand for economists?

Job Outlook Employment of economists is projected to grow 13 percent from 2020 to 2030, faster than the average for all occupations.

How many economists work for the US government?

Geographic profile for Economists:

State Employment (1) Location quotient (9)
California 2,020 0.98
Virginia 980 2.11
New York 850 0.78
Maryland 800 2.52

What can I do after Ma economics?

Top 9 Job Opportunities in India for M.A. Economics

  1. Economist.
  2. Market Research Analyst.
  3. Credit Analyst.
  4. Statistician.
  5. Financial Analyst.
  6. Economics Teacher.
  7. Editor – Business, Finance and Economics.
  8. Economics – Academic Content Writer.

Is economics a hard major?

Economics is a hard major. Economics is considered to be one of the most difficult commerce degrees. Similar to business, economics is a rather broad major. However, economics is a harder subject because it is more specialized, requires greater critical thinking and analysis, and has more maths involved.

Does the government hire economists?

Governments at every level hire economists to manage and evaluate their operations. The Federal Reserve Board and its affiliated regional Federal Reserve Banks also hire economists and research assistants at various levels of education. Skill with statistics and in managing data will be helpful for many entry jobs.

Is economics degree high paying?

If you’re majoring in economics, congratulations — you will likely be entering a lucrative field! In fact, Glassdoor found that economics was one of the highest-paying college majors. Some of the most common jobs for economics majors include: Financial Analyst.

What is the purpose of BLS macroeconomic projections?

The object of BLS macroeconomic projections is to develop a reasonable picture of the long-term economy that can be used as a framework for the Bureau’s more detailed industry output and employment projections. As such, the focus is on the long-run economic trends, not transitory economic phenomena, such as business cycle dynamics.

What do economists do at the Bureau of Labor Statistics?

Video transcript available at

What are the occupations of a financial analyst?

This occupation includes the 2018 SOC occupations 13-2051 Financial and Investment Analysts; 13-2054 Financial Risk Specialists; and 13-2099 Financial Specialists, All Other; and the 2010 SOC occupations 13-2051 Financial Analysts and 13-2099 Financial Specialists, All Other.

Where is the Bureau of Labor Statistics located?

U.S. Bureau of Labor Statistics Postal Square Building 2 Massachusetts Avenue NE Washington, DC 20212-0001 Telephone: 1-202-691-5200 Federal Relay Service: 1-800-877-8339 www.bls.gov Contact Us