A major in economics is useful preparation for various careers because it develops analytical skills that can be used in many ways. Rising demand for economists stem from the growing complexity of the global economy, competition and increased reliance on quantitative methods for analyzing and forecasting business, sales, and other economic trends. People holding degrees in economics are increasingly recruited for positions of responsibility and authority in government, business and industry. Careers as a professional economist generally require graduate training. A greater need for economic analysis in virtually every industry should result in additional jobs for those trained in economics.