{"id":1767,"date":"2008-12-15t00:40:31","date_gmt":"2008-12-15t05:40:31","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=1767"},"modified":"2023-10-26t09:24:47","modified_gmt":"2023-10-26t13:24:47","slug":"cpa-firms-gain-amid-dismal-jobs-report","status":"publish","type":"post","link":"\/\/www.g005e.com\/2008\/12\/15\/cpa-firms-gain-amid-dismal-jobs-report\/","title":{"rendered":"cpa firms gain amid dismal jobs report"},"content":{"rendered":"

your mother was right: “become an accountant and you’ll always make a living.”<\/strong><\/p>\n

take a look, for instance, at the latest jobs report from the u.s. department of labor, which showed the overall economy lost 533,000 jobs in november – but it also showed gains for cpa firms against non-cpa accountants and bookkeepers.<\/p>\n

for the broad accounting and bookkeeping services category, the government counted 974,500 persons employed — which includes everyone from staff accountants to self-employed tax practitioners. november’s figure represents a loss of 1,700 jobs in the month, and an 18,800 loss from the record peak of 993,300 in december 2007.<\/p>\n

but look a little closer, and the numbers tell another story: the market appears to be consolidating around the market leader – the certified public accountant.<\/p>\n

cpa firms are expanding their employee rosters and continuing to gain market share against non-cpa accountants. cpa firms had 450,200 employees in the latest month, for which data is available, up 23,300 jobs from the year-ago month, or 5.5%.<\/p>\n

meanwhile, non-cpa-owned payroll services and other accounting services showed declines.<\/p>\n

so far, cpas and cpa firms are positioned to gain market share and even grow their business in this economic cycle.<\/p>\n