Sector employment growth slowed to an average of 1.5% in 2018 and 2019. Sector unemployment is approximately 2.5% or about 5,054 workers, with 6,191 job vacancies (DEED JVS). Over the next five years, we estimate that there will be nearly 120,000 job openings in this sector. Based on employer demand, the existing talent pool, and the local talent pipeline, we anticipate a talent shortage of 10,000 financial services professionals by the second quarter of 2024. Talent shortages in the financial sector pose a unique challenge due to high education and experience requirements for most positions.