Explore Careers - Job Market Report
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Description | Titles | Duties | Related Occupations
Included Cities in Region | Service Canada Offices
The future forecast and current conditions for an occupation can vary based on location or due to changes in the economy, technology, or demand for a product or service.
National Outlook ' 10-Year Projection (2015-2024)
This section provides labour demand and labour supply projections for this occupation over the 2015-2024 period.
Occupational prospects
BALANCE: Labour demand and labour supply are expected to be broadly in line for this occupation group over the 2019-2028 period at the national level. The section below contains more detailed information regarding the outlook for this occupational group.
This section provides labour demand and labour supply projections for this occupation over the 2015-2024 period.
| Employment in 2014 | 25,400 |
|---|---|
| Median Age of workers in 2014 | 47 |
| Average Retirement Age in 2014 | 62 |
Occupation Projection for Canada
In order to determine the expected outlook of an occupation, the magnitude of the difference between the projected total numbers of new job seekers and job openings over the whole projection period (2019-2028) is analyzed in conjunction with an assessment of labour market conditions in recent years. The intention is to determine if recent labour market conditions (surplus, balance or shortage) are expected to persist or change over the period 2019-2028. For instance, if the analysis of key labour market indicators suggests that the number of job seekers was insufficient to fill the job openings (a shortage of workers) in an occupational group in recent years, the projections are used to assess if this situation will continue over the projection period or if the occupation will move towards balanced conditions.
The analysis of key labour market indicators such as job vacancies and employment growth as well as the unemployment rate suggests that the number of job seekers was sufficient to fill the job openings in this occupational group over the 2016-2018 period.
For Insurance, real estate and financial brokerage managers, over the period 2019-2028, new job openings (arising from expansion demand and replacement demand) are expected to total 12,100 , while 13,300 new job seekers (arising from school leavers, immigration and mobility) are expected to be available to fill them.
As job openings and job seekers are projected to be at relatively similar levels over the 2019-2028 period, the balance between labour supply and demand seen in recent years is expected to continue over the projection period.
This Chart contains data for Projection of Job Openings vs. Job Seekers for Canada. Information is available in the following tables.
| Openings | Seekers | |
|---|---|---|
| Projection | 12,100 | 13,300 |
| Category | Openings | % |
|---|---|---|
| Expansion Demand | 3,200 | 26% |
| Retirements | 7,500 | 62% |
| Other Replacement Demand | 800 | 7% |
| Emigration | 600 | 5% |
| Projected Job Openings | 12,100 | 100% |
| Category | Seekers | % |
|---|---|---|
| School Leavers | 900 | 7% |
| Immigration | 2,900 | 22% |
| Other | 9,500 | 71% |
| Projected Job Seekers | 13,300 | 100% |
In which industry or sector do people in this occupation find jobs in Canada?
This table shows the industry and sectors employing the highest number of people in this occupation.
| Industry / Sector | % |
|---|---|
| Real estate and rental and leasing | 59.95 |
| Finance and insurance | 31.55 |
| Construction | 2.17 |
| Public administration | 1.18 |
| Professional, scientific and technical services | 1.09 |
What percentage of people in this occupation are self-employed?
This occupation (Insurance, real estate and financial brokerage managers) is part of a larger group called Managers in financial and business services (NOC 012). According to the Labour Force Survey (2015), in Canada, 12% of workers in this group were self-employed, while the average for all occupations was 14%.
What proportion of people in this occupation work full-time?
According to the Labour Force Survey (2015), in Canada, 96% of workers in this occupation worked full-time, compared to the average of 81% for all occupations.
What is the proportion of women working in this occupation?
According to the National Household Survey (2011), in Canada, women represented 44% of workers in this occupation compared to the average of 48% for all occupations.
What percentage of people in this occupation are members of a union?
This occupation (Insurance, real estate and financial brokerage managers) is part of a larger group called Managers in financial and business services (NOC 012). According to the Labour Force Survey (2015), in Canada, the unionization rate for this group was 4%, while the unionization rate for all occupations was 31%.
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