Job prospects Cost Accountant in the Red Deer Region

Over the past few years (2021-2023), the labour market was balanced for Financial auditors and accountants in the Red Deer Region. 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 Financial auditors and accountants (NOC 11100) in the Red Deer 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 small 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 Financial auditors and accountants in the Red Deer region:

• Approximately 660 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): 51%
  • Finance, insurance and Real estate and rental and leasing (NAICS 52-53): 7%
  • Construction (NAICS 23): 6%
  • Local, municipal, regional, aboriginal and other public administration (NAICS 913-919): 5%

Source Labour Market Information | Prospects Methodology