{"id":4212,"date":"2009-08-17t11:53:08","date_gmt":"2009-08-17t15:53:08","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=4212"},"modified":"2024-11-19t21:49:34","modified_gmt":"2024-11-20t02:49:34","slug":"recession-revs-up-cpa-career-plans","status":"publish","type":"post","link":"\/\/www.g005e.com\/2009\/08\/17\/recession-revs-up-cpa-career-plans\/","title":{"rendered":"recession adds to workloads, stress; sends cpas looking for new jobs"},"content":{"rendered":"
almost half of all cpas say they’d quit for a job with better working conditions — even if it means a pay cut — even in this economy. how hard are you working? join the survey, compare the answers<\/a>. and then add your comments here<\/a>.<\/strong><\/p><\/blockquote>\n by rick telberg while the cpa profession is proving remarkably recession-resistant, the worst business downturn since the great depression is nevertheless taking a\u00c2\u00a0toll.<\/p>\n to be sure, a number of firms and finance organizations have been forced into painful layoffs, although the latest jobs report from the u.s. bureau of labor statistics shows a net seasonally adjusted 4,000-job increase from june to july at accounting and bookkeeping services, bringing the industry workforce to about 940,300. still, that’s down from a year-ago july, when the bls reported 947,500 jobs in the industry.<\/p>\n despite the recession or because of it, the cpa profession is attracting unprecedented interest from college students. the aicpa reported a couple weeks ago that the number of students graduating with a bachelor’s or a post-grad degree in accounting rose 3.5 percent to more than 66,000 in 2008 – a new record. to be sure, the students chose their majors long before the recession became official, but after signs of economic uncertainty began. and there are now 213,000 more in the pipeline.<\/p>\n
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