Job prospects Financial Accountant near Corner Brook (NL)

Over the past few years (2019-2021), the labour market was balanced for Financial auditors and accountants near Corner Brook (NL). 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 Financial auditors and accountants (NOC 1111) in the West Coast - Northern Peninsula - Labrador region for the 2022-2024 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.

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 West Coast - Northern Peninsula - Labrador region:

• Approximately 180 people worked in this occupation in May 2016.
• Financial auditors and accountants mainly work in the following sectors:
  • Professional, scientific and technical services (NAICS 54): 37%
  • Hospitals (NAICS 622): 17%
  • Finance, insurance and Real estate and rental and leasing (NAICS 52-53): 11%
  • Educational services (NAICS 61): 8%
  • Provincial and territorial public administration (NAICS 912): 7%

Source Labour Market Information | Prospects Methodology