41401 - Economists and Economic Policy Researchers and Analysts
Broad Occupation Category
4 - Occupations in education, law and social, community and government services.
TEER
1 - Occupations usually require a university degree.
Major group
41 - Professional occupations in law, education, social, community and government services.
Sub-major group
414 - Professional occupations in government services.
Minor group
4140 - Policy and program researchers, consultants and officers.
Economists and Economic Policy Researchers and Analysts are in high demand throughout Canada’s Private, Public, and Government Service sectors. The demand for skilled workers under this TEER has been rapidly expanding post the pandemic, and this trend is expected to continue over the coming years. Many job opportunities will be available for Economists and Economic Policy Researchers and Analysts in Canada.
The high demand for skilled workers in this field has also resulted in competitive salaries and excellent benefits for Economists and Economic Policy Researchers and Analysts that can range from $57,700 to $138,200 per year, depending on experience, location, and specialization, but they tend to be higher than average in this industry.
Economists and Economic Policy Researchers and Analysts Jobs in Canada also offer many opportunities for career advancement in popular employment areas including government departments and agencies and throughout the private sector in associations, unions, research organizations, banks, and investment firms. Professionals have numerous opportunities to expand their skills and take on new challenges as Economists and Economic Policy Researchers and Analysts in Canada.
Economists and Economic Policy Researchers and Analysts in Canada can avail of a wide range of benefits, from strong job security to high compensation, a supportive work environment, a direct Canada PR for Economists and Economic Policy Researchers and Analysts pathway, and free healthcare. Canada is known for its welcoming and diverse culture, making it a great place for individuals under this TEER to live and work.
Let us help you Apply for Canada PR as Natural and Economists and Economic Policy Researchers and Analysts
Example Titles
Agricultural economist
Economic advisor
Economic analyst
Economic policy analyst
Economist
Energy economist
Financial economist
Industrial economist
International trade economist
Investment economist
Labour economist
Natural resources economist
Tax economist
Trade economist
Business analyst - economics
Consumer advisor - economics
Salary analyst - economic policy
Wage analyst - economic policy
Main Duties
This group performs some or all of the following duties:
Conduct research and develop models to analyze, explain, and forecast economic behavior and patterns, and devise methods for the 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 that determine economic growth and advise government agencies on policies to increase economic activities.
Analyze factors that determine labor force participation, employment, wages, unemployment, and other labor 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 advice on the appropriateness, of monetary and fiscal policies.
Examine problems related to the economic activity of individual companies.
Examine financial methods, production cost 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 areas to set sales and pricing levels for goods and services, assess market potential and future trends, and develop business strategies.
Monitor regional and local economic trends.
Study regulatory processes and provide material in support of legal proceedings with the government and other parties.
Employment Requirements
A master's degree in economics or in a related discipline such as business administration or statistics is usually required.
A doctorate in economics may be required.
Salary Prospects
Community/Area
Low ($/hour)
Median ($/hour)
High ($/hour)
Canada
29.96
47.24
71.79
Alberta
38.46
49.04
72.82
British Columbia
24.62
48.90
56.40
Manitoba
N/A
N/A
N/A
New Brunswick
30.00
41.21
58.97
Newfoundland and Labrador
30.48
44.04
53.07
Northwest Territories
N/A
N/A
N/A
Nova Scotia
30.00
41.21
58.97
Nunavut
46.93
56.39
67.22
Ontario
30.67
46.15
72.12
Prince Edward Island
N/A
N/A
N/A
Quebec
20.00
50.52
82.69
Saskatchewan
N/A
N/A
N/A
Yukon Territory
37.82
43.69
53.73
Job Openings - TEER 41401
Over the period 2022-2031, new job openings for Economists and Economic Policy Researchers and Analysts are expected to total 20,400, while 21,500 new job seekers are expected to be available to fill them. Immigrants learning how to get Economist and Economic Policy Researcher and Analyst Jobs in Canada from India can find it relatively easier to land a job under TEER 41401.
