Job prospects Accounting Technician in Prince Edward Island
Job opportunities for Accounting technicians and bookkeepers (NOC 1311) are fair in Prince Edward Island over the next 3 years. These job prospects are also applicable to people working as an accounting technician.
Note that these employment prospects were published in December 2019 based on information available at that time. You can read our new special report to learn about the impact of COVID-19 on some occupations in your province or territory. You can also visit the Canadian Online Job Posting Dashboard to find the latest data on the demand and work requirements for this occupation.
Job opportunities in Prince Edward Island
The employment outlook will be fair for Accounting technicians and bookkeepers (NOC 1311) in Prince Edward Island for the 2019-2021 period.
The following factors contributed to this outlook:
- Employment growth will lead to a moderate number of 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.
Job opportunities may be moderated or roles altered, due to improvements in computer-based technology and the increasing use of accounting, bookkeeping and taxation software.
In addition to other relevant education, job prospects will improve for individuals with a proficiency in using related software, for example, QuickBooks or Simply Accounting. Individuals available to work part-time or overtime at the end of financial reporting periods and during the federal tax season may have better job prospects. Self-employed bookkeepers interested in establishing their own firms may wish to explore appropriate investment opportunities.
Here are some key facts about Accounting technicians and bookkeepers in the Prince Edward Island region:
- Approximately 750 people work in this occupation.
- Accounting technicians and bookkeepers mainly work in the following sectors:
- Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 16%
- Agriculture (NAICS 111, 112, 1151, 1152): 13%
- Other retail stores (NAICS 44-45, except 445): 10%
- Construction (NAICS 23): 8%
- Wholesale trade (NAICS 41): 7%
- The distribution of full-time and part-time workers in this occupation is:
- Full-time workers: 68% compared to 83% for all occupations
- Part-time workers: 32% compared to 17% for all occupations
- 73% of accounting technicians and bookkeepers work all year, while 27% work only part of the year, compared to 58% and 42% respectively among all occupations. Those who worked only part of the year did so for an average of 28 weeks compared to 27 weeks for all occupations.
- 19% of accounting technicians and bookkeepers are self-employed compared to an average of 11% for all occupations.
You can also look at this data on a map. Go to LMI Explore
Job prospects elsewhere in Canada
We expect that the labour supply and demand for Accounting technicians and bookkeepers (NOC 1311) will be balanced in Canada over the next 10 years.
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