The job market for economists, 2026

 The WSJ has the story:

Economists Are Studying the Slowing Job Market—and Feeling It Themselves
Newly minted Ph.D.s tend to work for universities, government agencies and big white-collar companies. It’s not a great hiring time for any of them.  By  Justin Lahart 

"The economics job market is getting buffeted by a confluence of forces. Worries about federal funding have led many major universities to reduce, or even freeze, hiring. Jobs within the federal government have dried up. The private sector, where demand for economists has been intense in recent years, has pulled back. 

“It’s like a perfect storm,” said Syracuse University economist John Cawley, who heads the American Economic Association’s job market committee.

"The tough market for doctoral students finishing up their studies is hardly unique to economics. What’s different about economists is that they are intensely interested in measuring and understanding how labor markets work—and they have brought that to bear on their own profession. As a result, armed with data from the AEA and all the knowledge they gained in graduate school, doctoral students in economics have a much more precise grasp of what type of environment they are facing than their counterparts in political science, philosophy or biophysics.

...

"The economics job market has its own peculiar rhythms and hierarchies. In the fall, students who are finishing their Ph.D.s, as well as economists in postdoctoral programs, apply for jobs that typically start the following summer. But because students can apply to dozens, or even hundreds, of jobs, this creates a matching problem: How does a prospective employer know which candidates are serious?

"Economists, being economists, have tried to solve this. When a candidate applies for jobs via JOE, they are able to send up to two “signals” of interest for jobs they are particularly interested in—almost like a winking emoji on a dating app. That signaling system was put together with the help of Stanford economist Alvin Roth, who also developed systems for matching kidney donors with patients and New York City schoolchildren with schools."