Job prospects Accounting Technician in the Lethbridge–Medicine Hat Region

Over the past few years (2021-2023), there was a labour shortage for Accounting technicians and bookkeepers in the Lethbridge–Medicine Hat Region. There were more job openings than workers available to fill them in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

The employment outlook will be good for Accounting technicians and bookkeepers (NOC 12200) in the Lethbridge - Medicine Hat 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 Accounting technicians and bookkeepers in the Lethbridge - Medicine Hat region:

• Approximately 2,360 people work in this occupation.
• Accounting technicians and bookkeepers mainly work in the following sectors:
  • Professional, scientific and technical services (NAICS 54): 32%
  • Agriculture (NAICS ultur): 9%
  • Other services (except public administration) (NAICS 81): 9%
  • Construction (NAICS 23): 9%
  • Retail Trade (NAICS 44-45): 7%

Source Labour Market Information | Prospects Methodology