Job prospects Bookkeeper near Cold Lake (AB)

Over the past few years (2021-2023), the labour market was balanced for Accounting technicians and bookkeepers near Cold Lake (AB). The number of job openings was about the same as the number of workers available in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

The employment outlook will be good for Accounting technicians and bookkeepers (NOC 12200) in the Wood Buffalo - Cold Lake region for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to a few new positions.
• Several positions will become available due to retirements.
• There are a moderate 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 Accounting technicians and bookkeepers in the Wood Buffalo - Cold Lake region:

• Approximately 600 people worked in this occupation in May 2021.
• Accounting technicians and bookkeepers mainly work in the following sectors:
  • Professional, scientific and technical services (NAICS 54): 23%
  • Retail Trade (NAICS 44-45): 11%
  • Transportation and warehousing (NAICS 48-49): 10%
  • Other services (except public administration) (NAICS 81): 10%
  • Construction (NAICS 23): 7%

Source Labour Market Information | Prospects Methodology