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State of Washington Classified Job Specification

ECONOMIC ANALYST 2

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ECONOMIC ANALYST 2
Class Code: 502K
Category: Science & Engineering


Class Series Concept

See Economic Analyst 1.

Definition

Positions independently conduct comprehensive economic impact studies of major scope, significance and complexity that constitute an integral portion of an agency's economic analysis program.


Typical Work

Directs subdivisions of major programs, with responsibility for determining feasibility and approach, planning and conducting studies within the subdivision;

Independently conducts comprehensive economic and/or tax impact studies and analysis of major scope; may carry responsibility for all aspects of special studies within a program area;

Analyzes proposed or recently enacted legislation dealing with transportation, revenue and/or taxation, etc.; develops methodology and estimates fiscal impact on State and local government bodies; testifies at hearings, works with legislative staff in the development of feasible alternatives;

Defines, develops and conducts special studies of an economic or revenue nature as requested by legislative, executive or other governmental officials; prepares and presents written and/or oral reports on studies conducted;

Compiles detailed technical reports dealing with the economic and/or tax impact of special excise or property tax topics, transportation or business regulations, and other related issues, for use by State agencies, the executive office and the legislature;

Provides consulting services concerning status of State and regional economy as evidenced by tax collection data and other economic indicators to private sector economists, other State and local government agencies, legislative committees and the executive office; provides international, national and regional marketing analysis in support of State economic development program;

Determines the development, design, implementation, maintenance and modification of complex labor market research projects involving data collection, algorithms, data manipulation, analytical modeling, data warehousing, and computer applications and reporting systems that can withstand legal and theoretical (economic, econometric and statistical), scrutiny, and audits;

Codes or creates computer programs to conduct the needed quantitative analyses;

Develops innovative and effective approaches using advanced mathematical, machine learning and analytical methods to solve analytics problems that result from federal or state laws and grants (for example, federal foreign labor certification laws and regulations) and communicates results and methodologies to different audiences such as employers, labor advocates, the Attorney General, federal and state staff and attorneys;

Develops methodologies for measurement, estimation, and forecasting of economic trends and impacts and for determining their reliability; reviews proposed methodologies; analyzes and reviews estimates and forecasts for reliability, reasonableness, accuracy and consistency;

Serves as a member of committees or boards with the purpose of coordinating and reviewing economic estimates and forecasts;

Responds to requests for information and analytic assistance from the governor, agency executive staff, other agencies, the legislature and other concerned parties;

Designs and maintains economic models and reference system relating to economic growth indicators; prepares long-term baseline forecasts of state and regional economic levels;

Oversees collection, analysis, and reporting of statistical data on state and local excise, property tax, and property valuations;

Participates in design, implements, and operates computerized econometric models to forecast the State's major tax sources; prepares tax collection versus estimate analysis and reports;

On a project basis, may direct the work of one or two economic or research analysts, accounting or clerical personnel;

Performs other work as required.

Legal Requirement(s)

There may be instances where individual positions must have additional licenses or certification. It is the employer’s responsibility to ensure the appropriate licenses/certifications are obtained for each position. 

Persons legally authorized to work in the U.S. under federal law, including Deferred Action for Childhood Arrivals recipients, are eligible for employment unless prohibited by other state or federal law.

Desirable Qualifications

A Master's degree or equivalent in Ph.D. program in economics, public finance or closely allied field; and two years of professional experience in economic analysis.

OR

One year as an Economic Analyst 1.

Professional experience in economic analysis may be substituted, year for year, for the required education, provided a Bachelor's degree in economics, public finance or closely allied field has been attained.

Additional graduate training in economics or public finance may be substituted, year for, for experience.

Class Specification History

New class adopted July 13, 1970.
Revise class. Revises minimum qualifications; adopted April 18, 1974.
Revise class. Revises title (formerly Economist IV), definition, distinguishing characteristics, minimum qualifications; adopted August 10, 1979,
Revise class. Revises class code (formerly 04480); effective July 1, 2007.
Revised definition, distinguishing characteristics, typical work, desirable qualifications: adopted June 22, 2023, effective July 1, 2023.

Revised Legal Requirements; effective June 6, 2024, due to adopted legislative action.