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Ph.D. Economists Struggle as Job Market Shrinks

8/2/2025

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Summary

Story summary

Thomas Fullagar, a Ph.D. economist, encountered difficulties in securing a job despite his qualifications.
The economist job market has weakened due to budget cuts and hiring freezes.
Universities are favoring non-tenure-track faculty, restricting opportunities for new Ph.D. graduates.
Many recent graduates face a challenging job market, with numerous qualified candidates unable to find employment.

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Story summary

Thomas Fullagar, a Ph.D. economist, encountered difficulties in securing a job despite his qualifications.
The economist job market has weakened due to budget cuts and hiring freezes.
Universities are favoring non-tenure-track faculty, restricting opportunities for new Ph.D. graduates.
Many recent graduates face a challenging job market, with numerous qualified candidates unable to find employment.