Gather and analyze data on jobs, workers, and wages.
What does a Labor Economist do?
Jobs are big business-that is to say, figuring out who’s going to do which jobs and how many people we (society) are going to need is a big job in and of itself. The US Department of Labor and state and local subsidiaries, as well as corporations and companies big and small, rely on the reports compiled by Labor Economists to figure out how many people they’ll need to hire and which kind of training programs to support.
Being a Labor Economist means looking at demographic numbers like a giant puzzle. You’ll need to balance elements like an aging population with the influx of new workers, improvements in production, and other aspects of the workflow system. Nothing in business happens in a vacuum. It falls to you to make big decisions about the new face of business and what it will look like, and at the same time, your decision will affect that face.
It’s a big job, but you won’t have to do it alone. You’ll work in an office setting with a team of other Labor Economists and other specialists. You’ll design surveys, gather and compile data, then review and analyze that data to compile reports.
You can work at many levels: state, federal, or local. Private companies even employ Labor Economists to help them evaluate their own training and hiring needs, and determine how they can best fit those needs with the trends in society. Jobs are your job.