Like many things in life, "it depends." The market for new PhDs in economics is wonderful and getting better. I haven't looked at figures in over 7 years, but

Like many things in life, "it depends." The market for new PhDs in economics is wonderful and getting better. I haven't looked at figures in over 7 years, but the general trend has been there are ~900 PhDs minted per year, about 100-200 academic tenure track jobs, and about 1200 industry jobs (that number has probably increased now that NABE, not just AEA/ASSA, handles recruitment conference at-scale for the techonomics/industry roles). I expect the PhD minting is approximately the same and the economists roles have boomed because economists make for great data scientists, with some reasonable onboarding and tech training. It's a good market, generally.