Job prospects Remittance Accounts Clerk near Cold Lake (AB)

Over the past few years (2021-2023), the labour market was balanced for Accounting and related clerks 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 moderate for Accounting and related clerks (NOC 14200) in the Wood Buffalo - Cold Lake region for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment decline will lead to the loss of some 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 Accounting and related clerks in the Wood Buffalo - Cold Lake region:

• Approximately 550 people worked in this occupation in May 2021.
• Accounting and related clerks mainly work in the following sectors:
  • Construction (NAICS 23): 18%
  • Local, municipal, regional, aboriginal and other public administration (NAICS 913-919): 10%
  • Retail Trade (NAICS 44-45): 10%
  • Professional, scientific and technical services (NAICS 54): 9%
  • Other services (except public administration) (NAICS 81): 9%

Source Labour Market Information | Prospects Methodology