across the tax and accounting industry, almost all the jobs relinquished by men in the coronavirus layoffs have been regained by men. the jobs given up by women, on the other hand, are still largely vacant.
overall, the tax, accounting, tax prep, payroll, and bookkeeping sectors employed 1.02 million full-time equivalents in march 2020, before 70,000 layoffs hit in april. so far, the industry has re-filled all but 17,600 positions.
the accounting profession sector by sector generally looks slightly brighter, with most reporting headcount growth for the month – but losses for the year.
exceptions include the profession overall, which is taking a 0.2 percent dip, tax preparation services up for the year 3.3 percent, and bookkeeping, up 1 percent.
unemployment edged down to 6.7 percent in november, but the accounting profession saw few of those gains, with its only upticks coming in the payroll services sector.
after shedding 77,800 jobs in april, tax and accounting employers have added back 45,300 employees, but the total headcount has dipped again and remains down by 32,300 from the pre-covid level, according to the latest data reviewed by 卡塔尔世界杯常规比赛时间.
the payroll segment lost almost 15 percent of its jobs in the latest data collected by 卡塔尔世界杯常规比赛时间 research. in some consolation, though, those who are left are seeing record new earnings.
in this report, 卡塔尔世界杯常规比赛时间 highlights:
current and long-term hiring trends in each of the bookkeeping, payroll, tax and cpa segments of the industry (all data seasonally adjusted)
average hourly wages for key segments
typical hours worked per week
trends concerning women in the accounting workforce
the tax and accounting industry has quickly added back about half of the jobs lost in the covid-19 shutdown – just in time to finish the hyper-extended tax season, according to the latest 卡塔尔世界杯常规比赛时间 jobs report. but what happens next is anybody’s guess.
in this report, 卡塔尔世界杯常规比赛时间 analyzes:
current and long-term hiring trends in each of the bookkeeping, payroll, tax and cpa segments of the industry (all data seasonally adjusted)
average hourly wages for key segments
typical hours worked per week
trends concerning women in the accounting workforce
facing the fallout from the covid crisis, 10 percent of small and midsized firms are already trimming compensation for retired partners.
firms target annual net profit caps, early retirement provisions, and mandatory retirement ages.
by domenick esposito
with profits likely to take a short-term hit, retired partners at many cpa firms are facing cuts to their payouts, according to our straw poll of 30 leading firms.
profession loses four years of job growth in the first month of the coronavirus recession, reversing years of steady gains.
by beth bellor
crushed by the covid-19 pandemic, the tax and accounting profession has fallen below 1 million employees for the first time in two years – way below, and that may be just the tip of the iceberg, according to 卡塔尔世界杯常规比赛时间 research.
the tax and accounting profession was adding new jobs at a rate of 2.3 percent per year before the coronavirus outbreak, according to 卡塔尔世界杯常规比赛时间 research.
but with a new recession looming, 卡塔尔世界杯常规比赛时间 estimates the profession could lose up to 100,000 jobs and take up to seven years to recover.
the latest data available show more than a million employees in the profession, and growing at about 2,800 new jobs per month. at the same time, wages are hitting record highs.
but with the coronavirus crisis threatening a new recession, 卡塔尔世界杯常规比赛时间 conducted a long-term, 30-year analysis, focused on the job losses caused by the dot-com crash of 2001 and the financial meltdown of 2007. from the analysis, 卡塔尔世界杯常规比赛时间 calculates the profession could shed up to 10 percent of its current workforce, and not fully recover for two to seven years.
^ showing dips after the dot-com bubble in 2001 and financial crash in 2008: all tax, accounting, and bookkeeping services, all employees, in thousands, seasonally adjusted. (卡塔尔世界杯常规比赛时间 research)
in this report, 卡塔尔世界杯常规比赛时间 highlights:
current and long-term hiring trends in each of the bookkeeping, payroll, tax and cpa segments of the industry (all data seasonally adjusted)
average hourly wages for key segments
typical hours worked per week
trends concerning women in the accounting workforce
that “but,” of course, is the global pandemic. the numbers almost seemed dated as soon as they were released, because we know many of those gains quickly melted away. read more →
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