What are the responsibilities and job description for the Quantitative Economics Specialist position at Bureau of Labor Statistics?
About the Position
This is a challenging and rewarding opportunity to work on complex economic issues and contribute to the development of high-quality statistics and analyses that inform policy decisions and promote economic growth.
Responsibilities
- Conduct applied research and participate in studies designed to provide solutions to new and existing needs and problems in industry price measurement and price behavior analysis.
- Review collected data, price developments, and related factors for assigned areas of the PPI.
- Develop data collection materials and methodologies for assigned areas of the PPI.
- Develop or review hedonic models for application to Quality Adjustments in the PPI.
- Assist staff in developing skills and knowledge of statistical techniques such as regression analysis.
- Serve on or lead Project Teams.
- Direct and participate in special projects to improve industry pricing methodology and to improve index quality.
- Provide on-the-job training, mentoring, and technical expertise to staff as assigned.
- Represent Section on high-level team working on development of program and program-related training for existing Branch of Industry Price (BIP) staff and new hires.
- Responsible for ensuring that all standing pre-pricing production tasks for the Program are completed.
- Participate in Division of Industrial Prices and Price Indexes (DIPPI) monitoring of the automated and manual processes involved in completing index production tasks and either implements or recommends enhancements to the processes.
- Contribute to the ongoing maintenance and enhancement of the Producer Price Index (PPI) Industry Study Manual, which is used by PPI industry analysts.
- Participate in identifying and implementing opportunities for outreach to trade associations and other organizations in support of BIP responsibilities.
- Utilize R, Python, SQL, and other programming languages to prepare and analyze data.
Why Work With Us
We offer a dynamic and supportive work environment, competitive salary and benefits, and opportunities for professional growth and development. Join us and contribute to the development of high-quality statistics and analyses that inform policy decisions and promote economic growth.