Job prospects Remittance Accounts Clerk in the Estrie Region

Over the past few years (2021-2023), the labour market was balanced for Accounting and related clerks in the Estrie 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 Methodology

The employment outlook will be moderate for Accounting and related clerks (NOC 14200) in the Estrie region for the 2024-2026 period.

The following factors contributed to this outlook:

• Employment is expected to remain relatively stable.
• Several positions will become available due to retirements.
• There are a moderate number of unemployed workers with recent experience in this occupation.

Members of this occupational group work in every industry, but especially in services. Employment is benefitting particularly from the growing demand for payroll services, the diversification of tasks for administrative staff and the automation of accounting activities, which mean that these clerks can carry out tasks previously performed by professionals.

Although artificial intelligence is not widely used, the interest in its development could have a negative impact on this group by automating processes that workers previously handled. Continuing education remains the key to ensuring that these professionals can take advantage of the rapid development of these technologies in their jobs.

However, the uncertainty surrounding the economy could further affect these workers. Small business owners may take on the tasks performed by this occupational group or use subcontractors because of the slow recovery, which will weaken the outlook for this occupation.

Here are some key facts about Accounting and related clerks in the Estrie region:

• Approximately 1,250 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): 12%
  • Construction (NAICS 23): 12%
  • Retail Trade (NAICS 44-45): 11%
  • Finance, insurance and Real estate and rental and leasing (NAICS 52-53): 7%
  • Other services (except public administration) (NAICS 81): 6%

Source Labour Market Information | Prospects Methodology