Economists and economic policy researchers and analysts
Economists and economic policy researchers and analysts conduct research, monitor data, analyze information and prepare reports and plans to resolve economic and business problems and develop models to analyze, explain and forecast economic behaviour and patterns. They advise on matters such as finance, fiscal and monetary policy, international trade, agricultural and natural resource commodities and labour and industrial markets.
Moderate
Market Demand
TEER 1
Skill Level
NS, MB, SK
Top Provinces
What They Do
- Conduct research and develop models to analyze, explain and forecast economic behaviour and patterns, and devise methods for collection and analysis of data
- Forecast production and consumption of specific products and services based on records of past production and consumption and general economic and industry-specific conditions
- Prepare forecasts of income and expenditure, interest rates and exchange rates
- Analyze factors which determine economic growth and advise government agencies on policies to increase economic activities
- Analyze factors which determine labour force participation, employment, wages, unemployment and other labour market outcomes
- Study mathematical formulae and statistical techniques and apply them to the testing and quantifying of economic theories and the solution of economic problems
- Study the nature of money, credit and the operation of banks and other financial institutions to develop monetary policies and forecasts of financial activity
- Monitor economic data to assess the effectiveness, and advise on the appropriateness, of monetary and fiscal policies
- Examine problems related to the economic activity of individual companies
- Examine financial methods, production costs and techniques and marketing policies to recommend possible improvements
- Examine statistical data on the exchange of goods and services among nations
- Forecast production and consumption of renewable resources and supply, consumption and depletion of non-renewable resources
- Conduct research on market conditions in local, regional or national area to set sales and pricing levels for goods and services, to assess market potential and future trends and to develop business strategies
- Monitor regional and local economic trends
- Study regulatory processes and provide material in support of legal proceedings with government and other parties.
Qualifications
- checkA master's degree in economics or in a related discipline such as business administration or statistics is usually required.
- checkA doctorate in economics may be required.
Market Outlook by Province
Nova Scotia
The employment outlook will be Moderate for economists and economic policy researchers and analysts (NOC 41401) in Nova Scotia for the 2025-2027 period.The following factors contributed to this outlook:Employment growth will lead to a few new positions.Not many positions will become available due to retirements.There are a small number of unemployed workers with recent experience in this occupation.Here are some key facts about economists and economic policy researchers and analysts in Nova Scotia: Approximately 300 people worked in this occupation in May 2021. Economists and economic policy researchers and analysts mainly work in the following sectors: Federal government public administration (NAICS 911): 23%Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 16%Provincial and territorial public administration (NAICS 912): 14%Other professional, scientific and technical services (NAICS 5414, 5416-5419): 10%Universities (NAICS 6113): 10% The distribution of full-time and part-time workers in this occupation is:Full-time workers: 90% compared to 82% for all occupationsPart-time workers: 10% compared to 18% for all occupations77% of economists and economic policy researchers and analysts work all year, while 23% work only part of the year, compared to 62% and 38% respectively among all occupations. Those who worked only part of the year did so for an average of 47 weeks compared to 42 weeks for all occupations.8% of economists and economic policy researchers and analysts are self-employed compared to an average of 11% for all occupations.The gender distribution of people in this occupation is: Men: 44% compared to 51% for all occupations Women: 56% compared to 49% for all occupations The educational attainment of workers in this occupation is: no high school diploma: n/a high school diploma or equivalent: less than 5% compared to 27% for all occupations apprenticeship or trades certificate or diploma: less than 5% compared to 12% for all occupations college certificate or diploma or university certificate below bachelor's: less than 5% compared to 22% for all occupations bachelor's degree: 43% compared to 20% for all occupations university certificate, degree or diploma above bachelor level: 39% compared to 10% for all occupations
Moderate
Outlook
Manitoba
The employment outlook will be Moderate for economists and economic policy researchers and analysts (NOC 41401) in Manitoba for the 2025-2027 period.The following factors contributed to this outlook:Employment decline will lead to the loss of some positions.A moderate number of positions will become available due to retirements.There are a small number of unemployed workers with recent experience in this occupation.Here are some key facts about economists and economic policy researchers and analysts in Manitoba: Approximately 350 people worked in this occupation in May 2021. Economists and economic policy researchers and analysts mainly work in the following sectors: Insurance Carriers and related activities (NAICS 524, 526): 19%Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 17%Provincial and territorial public administration (NAICS 912): 16%Federal government public administration (NAICS 911): 13%Other professional, scientific and technical services (NAICS 5414, 5416-5419): 7% 84% of economists and economic policy researchers and analysts work all year, while 16% work only part of the year, compared to 65% and 35% respectively among all occupations. Those who worked only part of the year did so for an average of 49 weeks compared to 43 weeks for all occupations.5% of economists and economic policy researchers and analysts are self-employed compared to an average of 12% for all occupations.The gender distribution of people in this occupation is: Men: 63% compared to 53% for all occupations Women: 37% compared to 47% for all occupations The educational attainment of workers in this occupation is: no high school diploma: less than 5% compared to 12% for all occupations high school diploma or equivalent: 8% compared to 31% for all occupations apprenticeship or trades certificate or diploma: less than 5% compared to 12% for all occupations college certificate or diploma or university certificate below bachelor's: 16% compared to 17% for all occupations bachelor's degree: 41% compared to 20% for all occupations university certificate, degree or diploma above bachelor level: 32% compared to 8% for all occupations
Moderate
Outlook
Saskatchewan
The employment outlook will be Moderate for economists and economic policy researchers and analysts (NOC 41401) in Saskatchewan for the 2025-2027 period.The following factors contributed to this outlook:Employment growth will lead to a moderate number of new positions.Not many positions will become available due to retirements.There are a small number of unemployed workers with recent experience in this occupation.Here are some key facts about economists and economic policy researchers and analysts in Saskatchewan: Approximately 300 people worked in this occupation in May 2021. Economists and economic policy researchers and analysts mainly work in the following sectors: Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 38%Provincial and territorial public administration (NAICS 912): 28%Other professional, scientific and technical services (NAICS 5414, 5416-5419): 10%Federal government public administration (NAICS 911): 7%Insurance Carriers and related activities (NAICS 524, 526): 7% 92% of economists and economic policy researchers and analysts work all year, while 8% work only part of the year, compared to 65% and 35% respectively among all occupations. Those who worked only part of the year did so for an average of 50 weeks compared to 43 weeks for all occupations.The gender distribution of people in this occupation is: Men: 55% compared to 53% for all occupations Women: 45% compared to 47% for all occupations The educational attainment of workers in this occupation is: no high school diploma: n/a high school diploma or equivalent: less than 5% compared to 33% for all occupations apprenticeship or trades certificate or diploma: n/a college certificate or diploma or university certificate below bachelor's: 17% compared to 17% for all occupations bachelor's degree: 48% compared to 18% for all occupations university certificate, degree or diploma above bachelor level: 32% compared to 7% for all occupations
Moderate
Outlook
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Immigration Pathways
TEER 1 occupations typically require a university degree and qualify for Express Entry. These are high-priority for STEM and healthcare category draws.
Express Entry (FSW)
Provincial Nominee Programs
Category-Based Draws
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Top Companies Hiring
Organizations with the most NOC 41401 openings right now.
KPMG
3 active roles · Vancouver, BC
Bank of Canada
2 active roles · Ottawa, ON
Government of Nova Scotia
1 active role · Halifax, NS
Gerdau
1 active role · Selkirk, MB
ENGIE
1 active role
Government of Alberta | Alberta.ca
1 active role · Edmonton, AB
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Search Economists and economic policy researchers and analystsarrow_forwardCore Competencies
Critical Thinking and Systems Analysis
to interpret data effectively, recognizing patterns, anomalies and causal relationships to tackle complex economic problems and develop innovative solutions
Numeracy
to accurately perform statistical analyses and interpret quantitative data to forecast production and consumption of specific products and services based on records of past production and consumption
Mathematical Reasoning and Numerical Ability
to study mathematical formulas and statistical techniques and apply them to the testing and quantifying of economic theories and the solution of economic problems
Written Comprehension
to read and interpret academic papers, policy briefs and other scholarly materials on economic methodology and theories
Attention to Detail
to identify and correct errors in data or formulas before they affect the final analysis
Knowledge in Economics
to analyze factors that determine economic growth, labour force participation, employment, wages, unemployment and other labour market outcomes to examine economic activities
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