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Economic Forecasting Jobs in Virginia (NOW HIRING)

CoStar

Econometric Forecasting Lead

Richmond, VA

Continually explore new economic inputs and refine existing variables and coefficients to enhance the precision and accuracy of existing forecasting models. Conduct independent and creative ...

OBAN Corporation

Economist

Vienna, VA · On-site

Develops economic guidelines and standards and prepares points of view used in forecasting trends and formulating economic policy. * Responsible for the maintenance of economic databases, and ...

OBAN Corporation

Economist

Vienna, VA · On-site

Develops economic guidelines and standards and prepares points of view used in forecasting trends and formulating economic policy. * Responsible for the maintenance of economic databases, and ...

New

OBAN Corporation

Economist (Jr.)

Vienna, VA

Develops economic guidelines and standards and prepares points of view used in forecasting trends and formulating economic policy. * Responsible for the maintenance of economic databases, and ...

New

OBAN Corporation

Economist (Jr.)

Vienna, VA · On-site

Develops economic guidelines and standards and prepares points of view used in forecasting trends and formulating economic policy. * Responsible for the maintenance of economic databases, and ...

Pae

Financial Support Manager

Richmond, VA

Prepares short- and long-range budgetary projections utilizing economic forecasting and financial analytic techniques to assess the impact of budget changes and client requirements. Utilizes current ...

Amentum

Financial Support Manager

Richmond, VA · On-site +1

Prepares short- and long-range budgetary projections utilizing economic forecasting and financial analytic techniques to assess the impact of budget changes and client requirements. Utilizes current ...

OBAN Corporation

Economist (Sr.)

Vienna, VA · On-site

$92K - $116K/yr

Compiles, analyzes, and reports data to explain economic phenomena and forecast market trends. Applies mathematical models and statistical techniques. * Leverages AI tools appropriately to augment ...

OBAN Corporation

Economist (Sr.)

Vienna, VA · On-site

$92K - $116K/yr

Compiles, analyzes, and reports data to explain economic phenomena and forecast market trends. Applies mathematical models and statistical techniques. * Leverages AI tools appropriately to augment ...

New

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All JobsEconomic Forecasting JobsEconomic Forecasting Jobs in Virginia

Economic Forecasting information

See Virginia salary details

$30.7K

$72.6K

$128.9K

How much do economic forecasting jobs pay per year?

As of Jul 26, 2026, the average yearly pay for economic forecasting in Virginia is $72,633.00, according to ZipRecruiter salary data. Most workers in this role earn between $52,000.00 and $86,300.00 per year, depending on experience, location, and employer.

What is economic forecasting?

Economic forecasting is the process of predicting future economic conditions based on the analysis of historical data, economic indicators, and statistical models. It helps governments, businesses, and investors make informed decisions by estimating trends such as GDP growth, unemployment rates, inflation, and market demand. Forecasts can range from short-term projections to long-term outlooks and are subject to uncertainty due to changing global and local factors. Accurate forecasting is crucial for planning, budgeting, and policy-making.

What are the key skills and qualifications needed to thrive as an Economic Forecaster, and why are they important?

To thrive as an Economic Forecaster, you need a solid background in economics, mathematics, and statistical analysis, typically supported by an advanced degree in economics or related fields. Mastery of econometric software (like EViews, Stata, or R) and familiarity with data visualization tools are commonly required, along with experience in handling large datasets. Strong critical thinking, communication, and the ability to interpret complex data into actionable insights are essential soft skills for this role. These competencies are vital for producing accurate, reliable economic predictions that inform strategic decisions for businesses and policymakers.

What is the difference between Economic Forecasting vs Economic Analysis?

AspectEconomic ForecastingEconomic Analysis
Required CredentialsBachelor's or master's in economics, statistics, or related fieldsBachelor's or master's in economics, finance, or related fields
Work EnvironmentResearch firms, government agencies, financial institutionsConsulting firms, government departments, private companies
Employer & Industry UsageUsed to predict economic trends and inform policy or investment decisionsUsed to evaluate economic conditions, policy impacts, and business strategies

Economic Forecasting focuses on predicting future economic conditions using models and data analysis, while Economic Analysis involves evaluating current or past economic data to inform decisions. Both roles require similar educational backgrounds but serve different purposes within the economic field.

What are some common challenges faced by professionals in economic forecasting roles?

Economic forecasters often grapple with the complexity of integrating vast amounts of data from diverse sources, such as market trends, global events, and policy changes. Unpredictable events like geopolitical shifts or natural disasters can quickly alter forecasts, requiring professionals to adapt and update their models frequently. Collaboration is key, as forecasters work closely with analysts, policymakers, and business leaders to ensure accurate and actionable insights. Staying current with new modeling techniques and technological advancements is also essential for success in this fast-evolving field.
What are popular job titles related to Economic Forecasting jobs in Virginia? For Economic Forecasting jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Economic Forecasting jobs in Virginia look for? The top searched job categories for Economic Forecasting jobs in Virginia are:
Economic Forecasting jobs near you
Infographic showing various Economic Forecasting job openings in Virginia as of July 2026, with employment types broken down into 90% Full Time, and 10% Part Time. Highlights an 90% In-person, and 10% Remote job distribution, with an average salary of $72,633 per year, or $34.9 per hour.
Econometric Forecasting Lead

Econometric Forecasting Lead

CoStar Group

Richmond, VA • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago

Job description

Econometric Forecasting Lead
Job Description
OVERVIEW
CoStar Group is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces. Included in the S&P 500 Index, CoStar Group is on a mission to digitize the world's real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives.
We have been living and breathing the world of real estate information and online marketplaces for over 35 years, giving us the perspective to create truly unique and valuable offerings to our Clients. We've continually refined, transformed and perfected our approach to our business, creating a language that has become standard in our industry, for our Clients, and even our competitors. We continue that effort today and are always working to improve and drive innovation. This is how we deliver for our Clients, our employees, and investors. By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate.
ABOUT THE ROLE
We are seeking a highly skilled and results-driven Econometric Forecasting Lead to take ownership of enhancing and improving our commercial real estate forecasting models. The successful candidate will have a strong background in econometrics, statistical modeling, and commercial real estate, with expertise in improving forecasting accuracy, innovating new models, and refining existing processes. This individual will play a key role in our analytics team, working closely with product, research, and quantitative analytics teams to improve our product offerings and ensure our forecasting models remain robust and reliable.
This is a full-time in-office position that will be based in our Richmond, VA office.
RESPONSIBILITIES
  • Monitor and track forecast accuracy using defined metrics (e.g., RMSE, MAE), providing regular reports on accuracy/back testing and serving up data points used.
  • Work with the analytics team to serve up data for the development of dashboards to track forecast accuracy, making insights actionable for analysts, department leaders, and executives.
  • Continually explore new economic inputs and refine existing variables and coefficients to enhance the precision and accuracy of existing forecasting models.
  • Conduct independent and creative quantitative research applied towards the evaluation, tracking, and improvement of CRE models, data series and estimations
  • Lead and refine the quarterly review process for forecast accuracy, incorporating feedback from analysts and external factors to improve models.
  • Develop and innovate new forecast models for specialty real estate sectors, nowcasts, space-level analytics, and other emerging real estate markets.
  • Maintain clear documentation on forecast models and methodologies, including explanation of inputs, variables, etc.
  • Provide ongoing education to analytics team on forecast updates and drivers and forecast accuracy.
  • Lead communication of forecast process, guidelines, results, and updates to external customers, including back testing and accuracy review. Assist customers with model validations.

BASIC QUALIFICATIONS
  • Master's degree in econometrics, statistics, data science, or related field from an accredited, not-for-profit, in-person college or university.
  • Track record of commitment to prior employers.
  • 5-7+ years of relevant experience in years of experience in econometric modeling, quantitative analytics, or commercial real estate forecasting.
  • Strong proficiency in SQL (SSMS/Databricks), R, Python, for data manipulation, analysis, and modeling (proficiency in Stata a plus).
  • Expertise in econometric models, including regression analysis, time series forecasting, and advanced statistical techniques.
  • Hands-on experience working with large data sets.
  • Proven experience in developing and refining forecasting models.
  • Strong understanding of commercial real estate dynamics, market drivers, and forecasting challenges.
  • Exceptional communication skills, with the ability to explain complex models to non-technical stakeholders.
  • Highly organized with heightened attention to detail
  • Proactive and self-driven, consistently taking initiative to identify and implement improvements.

PREFERRED QUALIFICATIONS
  • Advanced degree (Master's, PhD) in econometrics, statistics, data science, or related field from an accredited, not-for-profit, in-person college or university.
  • Experience with Python-based common data science tools such as Jupyter Notebooks, Numpy, Pandas, Scikit-learn, etc.
  • Experience writing clean, reproducible, robust, and scalable analysis code
  • Familiarity with cloud platforms (e.g., AWS, Azure) and data migration processes.
  • Experience in space-level analytics or granular building data modeling.

WHAT'S IN IT FOR YOU:
When you join CoStar Group, you'll experience a collaborative and innovative culture working alongside the best and brightest to empower our people and customers to succeed.
We offer you generous compensation and performance-based incentives. CoStar Group also invests in your professional and academic growth with internal training and tuition reimbursement.
Our benefits package includes (but is not limited to):
  • Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
  • Life, legal, and supplementary insurance
  • Virtual and in person mental health counseling services for individuals and family
  • Commuter and parking benefits
  • 401(K) retirement plan with matching contributions
  • Employee stock purchase plan
  • Paid time off
  • Tuition reimbursement
  • On-site fitness center and/or reimbursed fitness center membership costs (location dependent), with yoga studio, Pelotons, personal training, group exercise classes
  • Access to CoStar Group's Employee Resource Groups
  • Complimentary gourmet coffee, tea, hot chocolate, fresh fruit, and other healthy snacks

We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply. However, please note that CoStar Group is not able to provide visa sponsorship for this position.
The final salary or hourly rate offered for this rolewill fall within the range set forth below based on a variety of factors, including but not limited to, geographic location, skills, and competencies.
Base Compensation: $137,800.00 - $235,400.00 Annually
#LI-DG4
CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing

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