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.
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- 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 London 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
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Local Labour Market News
Week of Apr 29 – May 03, 2013
Week of Apr 22 – Apr 26, 2013
- A 25,000 sq.-ft. Bed, Bath and Beyond has opened in London
- The London District Catholic school board issued 142 potential layoff notices to teachers
Week of Apr 15 – Apr 19, 2013
- A new museum that features the HMCS Ojibwa submarine will bring 45 jobs in Port Burwell, near London
- Firstline Canada, a software development company, is opening in London and plans to hire 40 workers within two to three years
Week of Apr 08 – Apr 12, 2013
- St. Thomas-Elgin General Hospital is outsourcing its transcription services to Accentus, resulting in the layoff of eight workers at the hospital
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