Explore Careers - Job Market Report
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. They are employed by government departments and agencies and throughout the private sector in associations, unions, research organizations, banks and investment firms.
agricultural economist, economic advisor, economic analyst, economic policy analyst, economist, economist, natural resources, energy economist, financial economist, industrial economist, international trade economist, investment economist, labour economist, tax economist, trade economist.
- 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.
Outlook & Prospects for Economists and Economic Policy Researchers and Analysts in Saint John--St. Stephen Region
The future forecast and current conditions for an occupation can vary based on location or due to changes in the economy, technology, or demand for a product or service.
Local Employment Potential Information
|Location||Employment Potential||Release Date|
|Saint John--St. Stephen Region||N/A||N/A|
Local Labour Market NewsWeek of Nov 25 - Nov 29, 2013
- Saint John will undertake a massive $230M project to overhaul its water system, which includes construction of a treatment plant and pipes. Work should start in 2015, with the system operational by 2018.
- Yellow Media, publisher of the yellow pages, will eliminate 25 jobs in Saint John in the next couple of months, as part of a national reduction. The company currently employs 79 workers in city, and the positions affected, in business processing support, have become mainly automated as the company moves more into the digital age.
- Galbraith Construction of Saint John has been awarded a $1.1M contract to build a sewage lift station and complete the final phase of the city¿s harbour cleanup project. The cleanup has been underway for close to five years, and is expected to be completed by the summer of 2014.
- TD Insurance will add 275 jobs to the customer service centre and claims department at its Saint John office, bringing the total workforce in the city to 730 employees. Of the 275 jobs, 121 are now posted on the TD website, and the rest will be filled gradually.
- The ExxonMobil call centre located in the old Loch Lomond Mall in Saint John will close by June 2014, thus eliminating 210 jobs from the city. The company operates two call centres in New Brunswick employing 1100 people, the other being in Moncton with 900 employees. With the closure of the Saint John call centre ExxonMobil plans to consolidate its operation to the Moncton location. Some of the displaced workers from Saint John may have opportunity to transfer to Moncton.
- The Algonquin Resort Hotel in St. Stephen should fully reopen around February 1, 2014, according to the general manager of the hotel. The new owners of the hotel, New Castle Hotels and Resorts, and Southwest Properties had closed the hotel in the fall of 2012 for a $25M renovation. It is estimated that employment at the hotel will reach 140 to 150, with more year-round jobs, and more summer students hired locally than in the past.
- Starting in February 2014, Iron Mountain, a Boston-based data protection and storage company, will phase out its call centre operations in Saint John. The call centre, located at the Loch Lomond Mall, employs about 200 people and is expected to be fully shut down by December 2014. Saint John has many call centres including companies IBM, Sitel, Air Canada, TD, Unilever, Irving and Sykes Enterprises. About 4000 jobs are associated to the call centre industry in Saint John.
- AnyWare Group Inc. of Saint John has received funding in the amount of $226,440 from the National Research Council's Industrial Research Assistance Program. The company specializes in secure access mobile services. AnyWare will use the money to develop new scripting languages and features for its mobile and web applications. The federal government has refocused the National Research Council to emphasize technological innovation that will benefit business.
- A new Princess Auto tool and equipment store has opened next to the Home Depot at the East Point Shopping in Saint John. The new store location measures 2,600-square meters and has hired 40 new employees.
- A second restaurant of the St-Hubert chain has closed in the Saint John area. After closing its Rothesay location in September, the company has closed its Saint John restaurant as well. The restaurant, which was a St-Hubert Express type restaurant, meaning that it was counter-service dining, closed on October 20. Between 30 and 40 jobs were lost. Poor sales is given as the reason for the closure.
- The closure of the TD Insurance location in Peterborough Ontario could mean that some displaced workers may opt to transfer to the Toronto or Saint John TD Insurance locations. The Peterborough closure affects 67 positions, but it is not known how many displaced workers may decide to transfer to the Saint John location. TD Insurance opened its call centre in Rothesay four years ago. The call centre currently employs 450 full-time and part-time employees in Saint John.
- A new $ 6 M dollar laboratory, specializing in cardiovascular and occupational medicine research, recently opened at the Saint John campus of the University of New Brunswick. The facility is a foundational element of the Dalhousie Medicine New Brunswick research program. Four cardiovascular researchers and one occupational medicine researcher have been recruited to work at the laboratory.
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