accounting profession shows steady growth

bonus: our statistical snapshot.

by beth bellor

hiring in the accounting profession no longer racks up double-digit increases, but there’s growth in more areas than not.

more on jobs:

true diversity: the next frontier for the accounting industry | wages up, headcounts down at tax & accounting firms | accounting employment creeps back up | tax & accounting industry shows signs of slowdown | cpa firms post 5% growth rate

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the u.s. economy added 209,000 jobs in july, and the unemployment rate was little changed at 4.3 percent, according to 卡塔尔世界杯常规比赛时间 data.

chart of overall employment
^ overall profession employment

professional and business services was among sectors seeing increased employment, along with food services/drinking places and health care. the sector added 49,000 jobs in july, in line with its average monthly job gain over the prior 12 months.

employment in the accounting profession reached 1,005,400 in july, up 2,400 for the month and 16,300 for the year, respective increases of 0.2 and 1.6 percent. weekly hours average 35.4, up 24 minutes or 1.1 percent for the month and down 6 minutes or 0.3 percent for the year. hourly earnings average $31.88, down 8 cents or 0.3 percent for the month but up 80 cents or 2.6 percent for the year.

chart of cpa firm staff employment
^ cpa firm staff employment

 

staff at cpa firms are among the brightest spots, up 17,200 or 5.1 percent for the year. overall payroll employment is another, up 7,400 or 4.6 percent for the year.

on the bleaker side are tax preparation services, down 5,200 for the year or 4.8 percent from the same time in 2016.

for a complete look at how the profession is trending over the past month and year, check out our compilation:

statistical snapshot of employment, hours worked and earnings