Job prospects Senior Accounting Analyst in the Edmundston–Woodstock Region

Over the past few years (2021-2023), there was a labour shortage for Financial auditors and accountants in the Edmundston–Woodstock 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 good for Financial auditors and accountants (NOC 11100) in the Edmundston - Woodstock region for the 2024-2026 period.

The following factors contributed to this outlook:

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

• In addition to working at accounting firms, financial auditors and accountants are employed throughout the economy, as they possess skills that are necessary for the functioning of any business, government or not-for-profit entity. As such, demand for these skills is expected to grow in line with population and economic growth.
• Increased application of technology, such as artificial intelligence and automation of routine tasks, may change the role of accountants and auditors going forward.
• Knowledge of tax laws and regulations, as well as analytical and communication skills will enhance job prospects. 
• In order to work in this field, a Chartered Professional Accountant (CPA) designation is required.
• Prospects are greater in the province's larger urban centres (Fredericton, Moncton and Saint John), where greater concentrations of business services already exist.

Here are some key facts about Financial auditors and accountants in the Edmundston - Woodstock region:

• Approximately 250 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): 47%
  • Transportation and warehousing (NAICS 48-49): 10%
  • Finance, insurance and Real estate and rental and leasing (NAICS 52-53): 9%
  • Wholesale trade (NAICS 41): 8%
  • Food services and drinking places (NAICS 722): 8%

Source Labour Market Information | Prospects Methodology