I don't have experience since I do not have a PhD, ABD, or anything related. However, with that being said, I do not think that applied economics will give you problems when it comes to finding a career. I have known professors with PhDs in Applied Economics (Clemson is the school I am thinking of at the moment) and they found a job right after graduation. If there is demand for an Economist
position, usually the employer will say something such as, "Education required: PhD, ABD, or something simular in an Economics or related program." Which this obviously includes Applied Economics. Something else I have noticed is that most universities will list different specialties or focuses in the Field of Economics. Thus, if you have researched and studied these areas, you will make a good candidate for that position. I hope this has helped.