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Career Outlook

National Outlook – 10-Year Projection (2011-2020)

This section provides labour demand and labour supply projections for this occupation over the 2011-2020 period.

Note: The tables, graphs and middle paragraph shown under this section display updated 2011-2020 projection results. The remaining narrative text (2009-2018 projections) will be updated shortly. We apologize for the inconvenience.

The data in the following table are derived from HRSDC's Canadian Occupational Projection System (COPS). COPS uses a variety of models to produce a detailed 10-year labour market projection per broad skill level and per occupation at the national level, which focuses on the trends of labour supply and labour demand over the next ten years.

This occupation Accounting and Related Clerks is part of a larger occupational group called Finance and Insurance Clerks (NOC 143).


Occupations in this group

Accounting and Related Clerks (1431) Payroll Clerks (1432) Customer Service Representatives – Financial Services (1433) Banking, Insurance and Other Financial Clerks (1434) Collectors (1435)
Employment (non-student) in 2010 384,966
Median Age of workers in 2010 41
Average Retirement Age in 2010 65

Occupation Projection for Canada

Over the 2006 2008 period, employment and the rate of unemployment changed little for this occupation. The unemployment rate was low, at 2.9% in 2008, and wages rose slightly faster than in other occupations. As a result, according to the key labour market indicators, the number of job seekers was sufficient to fill all the job openings in this occupation.

Over the 2011-2020 period, an occupation will be in excess demand (a shortage of workers) if the projected job openings (arising from expansion demand and replacement demand) are greater than the projected job seekers (arising from school leavers, immigration and mobility), while an occupation will be in excess supply (a surplus of workers) if the projected job seekers are greater than the projected job openings. For Finance And Insurance Clerks, over the period of 2011-2020, job openings are expected to total 138,984. It is expected that 145,971 job seekers will be available to fill these job openings.

Based on these projections and given that labour demand and supply in this occupation were balanced over the 2006 2008 period, there should be sufficient job seekers to fill all the job openings over the 2009 2018 period. Retirements will be the main source of job openings in this occupation. Moreover, the retirement rate for this occupation will be high over the projection period, exceeding the average retirement rate for all occupations. This is primarily due to the fact that workers in this occupation retire relatively early. The number of new jobs created as a result of economic activity (expansion demand) will be relatively low over the projection period compared with the number of new jobs created in the previous ten years. The relative weakness in employment growth over the projection period is primarily due to weaker economic activity, which leads to weaker demand for administrative personnel. As for labour supply, school leavers will make up the majority of job seekers over the 2009 2018 period. In addition, a fairly significant number of job seekers in this occupation will come from occupational mobility. This mobility is due to the relatively high wages (compared to other administrative services occupations) and to task specialization, which attract secretaries, recorders and transcriptionists and general clerical workers to this occupation.

This Chart contains data for Projection of Job Openings vs. Job Seekers for Canada. Information is available in the following tables
Accounting and Payroll Administrator

Table of job opening projections for the occupational group containing your chosen occupation.
Category Openings %
Expansion Demand 29,899 22%
Retirements 90,348 65%
Deaths 10,298 7%
Emigration 8,439 6%
Projected Job Openings 138,984 100%
 
Category Seekers %
School Leavers 114,483 78%
Immigration 23,449 16%
Net Mobility 8,039 6%
Projected Job Seekers 145,971 100%



What proportion of men and women work in this occupation?

The graph displays the proportion of men and women in this occupation in comparison to the Canadian average across all occupations.

According to the Labour Force Survey (2009), women represented 87% of workers in this occupation, compared to the average of 48% for all occupations.

Accounting and Payroll Administrator


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