Job prospects Accounts Payable Clerk in the Camrose–Drumheller Region

Over the past few years (2021-2023), there was a major labour shortage for Accounting and related clerks in the Camrose–Drumheller Region. There were far 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 moderate for Accounting and related clerks (NOC 14200) in the Camrose - Drumheller region for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment decline will lead to the loss of some positions.
• Several positions will become available due to retirements.
• There are a moderate 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 and related clerks in the Camrose - Drumheller region:

• Approximately 720 people worked in this occupation in May 2021.
• Accounting and related clerks mainly work in the following sectors:
  • Finance, insurance and Real estate and rental and leasing (NAICS 52-53): 15%
  • Local, municipal, regional, aboriginal and other public administration (NAICS 913-919): 14%
  • Professional, scientific and technical services (NAICS 54): 13%
  • Retail Trade (NAICS 44-45): 10%
  • Construction (NAICS 23): 8%

Source Labour Market Information | Prospects Methodology