Job prospects Financial Consultant in the Lethbridge–Medicine Hat Region
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Explore current and future job prospects for people working as "Other financial officers" in the Lethbridge–Medicine Hat Region or across Canada.

Current and future job prospects

These outlooks were updated on November 29, 2023.

Recent trends from the past 3 years

Labour shortage

Over the past few years (2021-2023), there was a labour shortage for Other financial officers in the Lethbridge–Medicine Hat Region. There were more job openings than workers available to fill them in this occupation.

Source Labour Market Information | Recent Trends Methodology

Job outlook over the next 3 years

Moderate

The employment outlook will be moderate for Financial advisors (NOC 11102) in the Lethbridge - Medicine Hat region for the 2023-2025 period.

The following factors contributed to this outlook:

Employment decline will lead to the loss of some positions.
Several positions will become available due to retirements.
There are a small number of unemployed workers with recent experience in this occupation.

The Conference Board of Canada is forecasting Alberta’s real GDP will expand by 2.6% in 2023 before slowing to 1.9% in 2024. Similarly, they are projecting the labour market to cool in late 2023 and into 2024. Higher for longer inflation may also have some firms rethinking expansion resulting in muted employment growth for this occupation.

An aging workforce transitioning to retirement will create vacancies for job seekers.

Here are some key facts about Financial advisors in the Lethbridge - Medicine Hat region:

Approximately 590 people worked in this occupation in May 2021.
Financial advisors mainly work in the following sectors:
- Finance, insurance and Real estate and rental and leasing (NAICS 52-53): more than 95%

Source Labour Market Information | Prospects Methodology