Supply and Demand for New Ph.D.s in Economics

Supply and Demand for New Ph.D.s in Economics

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Source: Survey of the labor market for new PH.D. hires in economics 2011 – 12Sam M. Walton College of Business, University of Arkansas:

179 of the institutions responding to the current survey are expecting to hire 172 new Ph.D.s for the 2011-12 academic year. The greatest demand is for the field of macro/monetary economics at 14.8 percent, followed by general economics at 12.2 percent, and microeconomics at 10.8 percent …

Ninety-one of the Ph.D. degree granting institutions responding to the survey report that they will have a total of 520 new Ph.D.s seeking employment for the 2011-12 academic year. About 8.5 percent of the job seekers are holdovers from the 2010-11 market…

Job seekers with specialties in macro/monetary economics (18.3 percent) constitute the greatest share of the supply followed by international economic (13.5 percent) and labor and demographic economics (10.6 percent).