Job prospects Income Tax Consultant in the Wood Buffalo–Cold Lake Region
Explore current and future job prospects for people working as "Financial auditors and accountants" in the Wood Buffalo–Cold Lake Region or across Canada.
Current and future job prospects
These outlooks were updated on November 29th, 2023. Learn more about outlooks.
Recent trends from the past 3 years
Over the past few years (2021-2023), the labour market was balanced for Financial auditors and accountants in the Wood Buffalo–Cold Lake Region. 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
Job outlook over the next 3 years
The employment outlook will be good for Financial auditors and accountants (NOC 11100) in the Wood Buffalo - Cold Lake region for the 2023-2025 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 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 Financial auditors and accountants in the Wood Buffalo - Cold Lake region:
- Approximately 310 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): 31%
- Oil and gas extraction (NAICS 211, 213): 15%
- Retail Trade (NAICS 44-45): 11%
- Information, cultural, arts, entertainment and recreation services (NAICS 51, 71): 8%
- Construction (NAICS 23): 8%
Labour market conditions over the next 10 years
Find out what will be the job prospects for Financial auditors and accountants across Canada over the next 10 years, from 2022 to 2031.
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