Job prospects Cost Accountant in the Saguenay–Lac-Saint-Jean Region

Over the past few years (2021-2023), there was a labour shortage for Financial auditors and accountants in the Saguenay–Lac-Saint-Jean Region. There were more job openings than workers available to fill them in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

The employment outlook will be good for Financial auditors and accountants (NOC 11100) in the Saguenay - Lac-Saint-Jean region for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of 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 employment outlook for this occupational group depends primarily on the demand for accounting services. In addition, the ongoing need for accounting, to increase investments and track cash flow should create jobs for these professionals.

Rapid changes in accounting standards involve frequent updates to new rules. Moreover, the increasing number of these standards is making it more difficult for companies to manage them, which supports this profession.

Government measures to support businesses, in response to the economic slowdown, could increase the number of tasks related to grant applications or reporting on various assistance programs. Therefore, they could bolster the demand for accounting services.

While the employment outlook for this occupational group is good at the provincial level, it will be moderate in Gaspésie–Îles-de-la-Madeleine, Bas-Saint-Laurent and Outaouais.

Here are some key facts about Financial auditors and accountants in the Saguenay - Lac-Saint-Jean region:

• Approximately 1,180 people worked in this occupation in May 2021.
• Financial auditors and accountants mainly work in the following sectors:
  • Professional, scientific and technical services (NAICS 54): 49%
  • Retail Trade (NAICS 44-45): 8%
  • Federal government public administration (NAICS 911): 7%
  • Provincial and territorial public administration (NAICS 912): 5%

Source Labour Market Information | Prospects Methodology