Second, full-time jobs at US Institutions are broken out into those at: a) 4-yr colleges; b)univ with a grad program Third, nonacademic jobs are broken out into those at: a) Federal govt; b) Consulting/Research; c) Banking/Finance/Business/Industry. Now, onto the graphs...

Total # of job listings on JOE. This year is tracking very similarly to 2020 (worst COVID year). In other words, we're seeing considerably less demand for Econ PhDs than in other post-COVID years; e.g. it's roughly one-third lower than last year.

Just full-time jobs in US academic institutions: Definitely better (+84%) than the worst COVID year (2020) but still worse than other post-COVID years; e.g. one-third fewer such jobs than last year.

OK here's some of that new data: listings for full-time jobs specifically at 4-year (e.g. liberal arts) colleges in the U.S. Way better than the worst COVID year but 22% lower than last year. Quite similar to 2021 at this point.

More new data: listings for full-time jobs at U.S. universities with a grad program. 54% higher than the worst COVID year (2020) but worse than every year since; e.g. 39.9% below last year.

Listings on JOE for full-time jobs at non-US academic institutions. Perhaps surprisingly, lower (-13.2%) than even the worst COVID year (2020). Non-US universities may be missing an incredible opportunity to scoop up really good job candidates.

Full-time nonacademic jobs (anywhere in world): -20.8% fewer now than even in the worst COVID year (2020). Let's next look within subcategories...

New data: # jobs in Federal Government - down 40% or more compared to every year since 2019. Not surprising given the DOGE cuts and government shutdown, but still unpleasant to see.

More new data: # jobs in consulting or research: here things look pretty good, with the # of jobs around average for the past 6 years.

More new data: # jobs in banking/finance/business/industry: on the low side but similar to the # jobs in 2023 and 2024.

Everyone can now track all of these numbers in real time using the AEA's online dashboards. Many thanks to Michael Albert at the AEA for doing all the work to make this possible. Best of luck to all candidates on the market this year.

@cawley_john I think you may need to update the link. You may also want to update those graphs to make it easier for everyone to view (e.g., don’t use nearly the same color and shape to encode the data from multiple years, use colors with sufficient contrast, consider color sight impairment)

@cawley_john prof, what is the correct link? i searched that entire website and couldn't find it :/

🍁🍁Hello! We hiring in the junior market! 🍁🍁 Apply to work with us at @mcgillu Econ department in Montreal. Full ad: https://econjobmarket.org/posi...

Almost fell off my chair. Incredible news for Europe, Switzerland, and of course Zurich.

Using the lessons from the work of the 2019 Nobel prize winners, one cannot really learn anything from this move regarding changes in the relative attractiveness of US vs European academia. This treatment was not randomized. (... warning: inside econ nerdy attempt at a joke...)

Congrats to our newest Ph.D @CharlesPoCheng1