The Bureau of Economic Analysis (BEA) is one of the world's leading statistical agencies, recognized throughout the United States and around the world as a key source for the best and most comprehensive economic statistics available. The data produced by BEA are among the most important tools used in decision-making by policy-makers in the Congress and the executive agencies, including the Council of Economic Advisers, the Federal Reserve, the Office of Management and Budget and the Treasury. BEA's data are also used extensively by private businesses and a wide range of regional organizations, state and local governments, businesses and educational institutions.
This vacancy is for an Economist position in the Coordination and Quality Assurance Branch, National Income and Wealth Division, located at the U.S. Department of Commerce, Bureau of Economic Analysis in Washington, DC.
BEA's National Income and Wealth Division (NIWD) prepares the estimates of gross domestic product (GDP), personal income, and the other components of the National Income and Product Accounts (NIPAs). This position is located in the Coordination and Quality Assurance Branch of NIWD. Here you will serve as an economist where you will assist in reviewing the current monthly GDP and related NIPA estimates.
The national economic accounts program provides a quantitative view of U.S. domestic production, consumption, investment, exports and imports, and of national and domestic income and saving. It features the estimates of GDP, which is one of the most closely watched of all economic statistics. Each month, BEA releases quarterly estimates of GDP and monthly estimates of personal income and outlays.
BEA has been ranked by its employees as one of the top federal agencies for which to work. It has a dynamic and motivated staff, and encourages professional growth. BEA has an unparalleled location in the heart of downtown D.C., only blocks from the White House and within walking distance to three Metro lines. The Penn Quarter, Logan and Dupont Circles, and the Kennedy and Verizon Centers are all within walking distance. This location provides for a unique balance of intellectual pursuit during the day and wealth of cultural and social activities after work.
This position is in the competitive service.
One year probationary/trial period may be required.
Relocation expenses WILL NOT be paid.
This is a non-bargaining unit position.
The Full Promotion Potential of this position is: ZP-04.
If this position is filled at a level below the full performance level, the selectee may be promoted without further competition. This implies no promise or guarantee of a promotion.
Salaries shown for this vacancy include locality pay. Applicants interested in relocating to a different geographic location should be aware that their salary is subject to change.
This position is located in the Coordination and Quality Assurance branch of the National Income and Wealth Division (NIWD). If selected, you will, as part of a team, assist in reviewing the current monthly GDP and related NIPA estimates, by:
*Major Duty 1: Assessing the accuracy of estimates, monitoring underlying source data, and identifying and resolving problems with source data availability, estimation techniques, processing, and interdependencies within the accounts;
*Major Duty 2: Ensuring best practices and data handling standards are followed;
*Major Duty 3: Preparing, writing, and reviewing, or assisting with the production of, materials about the NIPAs to a wide variety of audiences, including fellow analysts, media representatives, and executive staff;
*Major Duty 4: Providing accurate and timely responses to questions about NIPA estimates and methodologies for interagency and external customers;
*Major Duty 5: Documenting processes and procedures; and
*Major Duty 6: Participating in research to improve the estimates.