Job prospects Accountant in the Avalon Peninsula Region

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Explore current and future job prospects for people working as "Financial auditors and accountants" in the Avalon Peninsula Region or Canada.

Current and future job prospects

Note that these outlooks are based on the 2016 version of the NOC. Learn more about our methodology.

Recent trends from the past 3 years

Balanced

The prospect of finding work in this occupation was fair over the past few years (2019-2021). The number of job openings was about the same as the number of workers available.

Source Labour Market Information | Recent Trends Assessment Methodology

Job outlook over the next 3 years

Moderate

The employment outlook will be moderate for Financial auditors and accountants (NOC 1111) in the Avalon Peninsula region for the 2022-2024 period.

The following factors contributed to this outlook:

Employment growth will lead to a few new positions.
A moderate number of positions will become available due to retirements.
There are a moderate number of unemployed workers with recent experience in this occupation.

While the number of individuals and small businesses using affordable or free software to file taxes and do bookkeeping tasks has increased, a baseline demand for more complex corporate and public sector accounting remains, which is generally proportional to overall economic activity in the province. Having a recognized credential, such as a CPA, is important to employers, as well as having strong interpersonal skills and prior work experience. Workers in this occupation are concentrated in the Avalon Peninsula due to the large number of professional establishments and government offices in St. John's. Some accountants and auditors may experience a rise in demand during the federal tax filing season. However, the increase during tax season may not be as strong moving forward with the growing use of online software by income tax filers.

Here are some key facts about Financial auditors and accountants in the Avalon Peninsula region:

Approximately 1,270 people work in this occupation.
Financial auditors and accountants mainly work in the following sectors:
- Professional, scientific and technical services (NAICS 54): 35%
- Federal government public administration (NAICS 911): 12%
- Utilities (NAICS 22): 7%
- Provincial and territorial public administration (NAICS 912): 7%

Source Labour Market Information | Prospects Methodology