Job prospects Loan Clerk - Financial Sector in the Montréal Region

Over the past few years (2021-2023), there was a labour surplus for Banking, insurance and other financial clerks in the Montréal Region. There were more workers available than job openings in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

The employment outlook will be limited for Banking, insurance and other financial clerks (NOC 14201) in the census metropolitan area of Montréal for the 2023-2025 period.

The following factors contributed to this outlook:

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

Employment trends depend on various factors related to the finance and insurance sectors.

A significant part of the positive outlook for this group depends on the increasing number of insurance claims, the vitality of the real estate market, and the increasing demand for specialized consulting services.

Since the use of online electronic services, such as banking services, mortgage calculators or insurance coverage purchases, is firmly established, these services should have a limited negative impact on job growth in this occupation.

While the employment outlook for this occupational group is moderate at the provincial level, it will be limited in Outaouais and Montréal's census metropolitan area.

Here are some key facts about Banking, insurance and other financial clerks in the census metropolitan area of Montréal:

• Approximately 2,680 people worked in this occupation in May 2021.

Source Labour Market Information | Prospects Methodology