Bad News for New PhDs

From The Chronicle of Higher Education:

Economics Ph.D.'s on the academic job market had fewer jobs to apply for in 2013 than a year earlier, according to new data from the American Economic Association. The number of new academic job openings listed with the association fell 6.6 percent, to 1,924, in 2013. However, the number of nonacademic jobs rose slightly, from 856 to 866. Overall the number of new jobs fell 4.3 percent in 2013, to 2,790.