Job prospects Accounts Payable Clerk in the Lethbridge–Medicine Hat Region

Over the past few years (2021-2023), there was a labour shortage for Accounting and related clerks 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 moderate for Accounting and related clerks (NOC 14200) in the Lethbridge - Medicine Hat 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 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 and related clerks in the Lethbridge - Medicine Hat region:

• Approximately 1,110 people worked in this occupation in May 2021.
• Accounting and related clerks mainly work in the following sectors:
  • Professional, scientific and technical services (NAICS 54): 16%
  • Retail Trade (NAICS 44-45): 16%
  • Construction (NAICS 23): 10%
  • Nursing and residential care facilities and social assistance (NAICS 623-624): 7%
  • Local, municipal, regional, aboriginal and other public administration (NAICS 913-919): 6%

Source Labour Market Information | Prospects Methodology