Employment opportunities for economists are expected to grow more slowly than average for all occupations through 2020, according to the U.S. Department of Labor (DOL). Economists employed by private industry—especially in management, scientific, and technical consulting services—will enjoy the strongest prospects. The DOL predicts that "job opportunities for individuals with a master’s degree or Ph.D. are expected to be good; in particular, those with strong quantitative and analytical skills and related work experience should have the best job prospects." Employment with the federal government—the largest employer of economists—is expected to decline.

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