Job prospects Financial Accountant in the Côte-Nord Region

Over the past few years (2022-2024), there was a labour shortage for Financial auditors and accountants in the Côte-Nord Region. There were more job openings than workers available to fill them in this occupation.

Source Labour Market Information | Recent Trends Methodology

The employment outlook will be Limited for financial auditors and accountants (NOC 11100) in the Côte-Nord and Nord-du-Québec regions for the 2025-2027 period.

The following factors contributed to this outlook:

• Employment decline will lead to the loss of some 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.

The employment outlook for this occupational group depends primarily on the demand for accounting services. In addition, the ongoing need for accounting, to increase investments and track cash flow should create jobs for these professionals.

Rapid changes in accounting standards involve frequent updates to new rules. Moreover, the increasing number of these standards is making it more difficult for companies to manage them, which supports this profession.

However, the growing number of individuals and businesses that use online accounting software could limit the employment outlook for this group.

Here are some key facts about financial auditors and accountants in the Côte-Nord and Nord-du-Québec regions:

• Approximately 370 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): 33%
  • Construction (NAICS 23): 12%
  • Retail Trade (NAICS 44-45): 10%
  • Mining, quarrying, and oil and gas extraction (NAICS 21): 10%
  • Utilities (NAICS 22): 6%

Source Labour Market Information | Prospects Methodology