{"id":72378,"date":"2020-05-02t00:01:29","date_gmt":"2020-05-02t04:01:29","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=72378"},"modified":"2024-08-14t11:26:26","modified_gmt":"2024-08-14t15:26:26","slug":"planning-for-the-coronavirus-recession","status":"publish","type":"post","link":"\/\/www.g005e.com\/2020\/05\/02\/planning-for-the-coronavirus-recession\/","title":{"rendered":"planning for the coronavirus recession"},"content":{"rendered":"<p><a href=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2019\/06\/cpa-trendlines-jobs-report-logo.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-62457 alignright\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2019\/06\/cpa-trendlines-jobs-report-logo-424x316.jpg\" alt=\"\" width=\"424\" height=\"316\" \/><\/a><strong>if past recessions are any guide, the profession could lose up to 100,000 jobs.<br \/>\n<\/strong><\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #0056a6;\">busy season barometer:<br \/>\nbracing for the coronavirus recession<\/span><br \/>\n<\/strong><span style=\"text-decoration: underline; color: #00a160;\"><a class=\"external\" style=\"color: #00a160; text-decoration: underline;\" href=\"https:\/\/www.research.net\/r\/busy20econ\" target=\"_blank\" rel=\"noopener noreferrer\">join the survey. get the facts.<\/a><\/span><\/p>\n<p><i>by beth bellor<\/i><\/p>\n<p>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.<\/p>\n<blockquote><p><strong>see:\u00a0<\/strong><span style=\"color: #00a160;\"><a style=\"color: #00a160; text-decoration: underline;\" href=\"\/\/www.g005e.com\/tag\/coronavirus\/\">all 卡塔尔世界杯常规比赛时间 special coronavirus crisis coverage<\/a><\/span><\/p>\n<p><strong>more staffing and hiring trends:<\/strong> <a href=\"\/\/www.g005e.com\/2020\/03\/15\/automation-and-the-future-of-accounting-2\/\">automation and the future of accounting<\/a>\u00a0 |\u00a0 <a href=\"\/\/www.g005e.com\/2020\/03\/14\/getting-and-keeping-the-best-the-struggle-continues\/\">getting and keeping the best: the struggle continues<\/a> |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2020\/02\/21\/headcounts-dip-by-3500-in-tax-accounting\/\">headcounts dip by 3,500 in tax &amp; accounting<\/a> |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2020\/01\/26\/creative-perks-for-remote-employees\/\">creative perks for remote employees<\/a> |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2019\/10\/22\/study-staff-shortages-at-one-third-of-firms\/\">what staffing shortage?<\/a> |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2019\/07\/18\/hiring-trends-flash-warning-signs-of-slowdown-in-tax-accounting\/\">hiring trends flash warning signs of slowdown in tax &amp; accounting<\/a> |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2018\/10\/23\/salary-survey-top-skills-getting-top-pay\/\">salary survey: top skills getting top pay<\/a><\/p>\n<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-49700\" src=\"http:\/\/4f2bur4nuye2cgakm2rm61qk.wpengine.netdna-cdn.com\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1470686574894.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00;\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00;\"><a style=\"color: #b79c00;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2020\/05\/02\/planning-for-the-coronavirus-recession\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<figure id=\"attachment_72515\" class=\"thumbnail wp-caption aligncenter\" style=\"width: 849px\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-72515\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm-849x406.png\" alt=\"all employees, thousands, accounting and bookkeeping services, seasonally adjusted\" width=\"849\" height=\"406\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm-849x406.png 849w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm.png 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm-600x287.png 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm-424x203.png 424w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm-768x368.png 768w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm.png 1481w\" sizes=\"auto, (max-width: 849px) 100vw, 849px\" \/><figcaption class=\"caption wp-caption-text\">^ <strong>showing dips after the dot-com bubble in 2001 and financial crash in 2008: <\/strong>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)<\/figcaption><\/figure>\n<p>in this report, 卡塔尔世界杯常规比赛时间 highlights:<\/p>\n<ul>\n<li>current and long-term hiring trends in each of the bookkeeping, payroll, tax and cpa segments of the industry (all data seasonally adjusted)<\/li>\n<li>average hourly wages for key segments<\/li>\n<li>typical hours worked per week<\/li>\n<li>trends concerning women in the accounting workforce<\/li>\n<\/ul>\n<p><!--more--><br \/>\nnationally, the unemployment rate stands at 3.5 percent. for the past six months, the unemployment rate has been either 3.5 percent or 3.6 percent. nationally, employment rose by 273,000 in february, and the number of unemployed persons at 5.8 million changed little. professional and technical services increased by 32,000, and employment in financial activities increased by 26,000.<\/p>\n<p><strong>overall tax &amp; accounting employment<\/strong><\/p>\n<p>the overall tax and accounting profession was growing at a 2.3 percent annualized date, according to the latest data available from february, repeating january&#8217;s performance, but down from december&#8217;s 2.8 percent rate.<\/p>\n<p>a long-term view of earlier recessions shows the bursting of the dot-com bubble in 2001 resulted in 84,300 job losses, as the overall headcount in the tax and accounting profession fell from a peak of 884,800 in july 2001 to a low of 800,5000 exactly two years later. it would take another 34 months for headcounts to recover.<\/p>\n<p>the financial crash of 2007-2008 resulted in the loss of more than 98,000 jobs and took almost eight years for a full recovery. in december 2007, the profession counted 967,500 employees, then dropped to 869,000 in october 2010, and finally recovered in march 2015 with 970,800 jobs.<\/p>\n<figure id=\"attachment_72516\" class=\"thumbnail wp-caption aligncenter\" style=\"width: 750px\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-72516\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-2.41.11-pm-849x412.png\" alt=\"\" width=\"750\" height=\"364\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-2.41.11-pm-849x412.png 849w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-2.41.11-pm.png 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-2.41.11-pm-600x291.png 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-2.41.11-pm-424x206.png 424w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-2.41.11-pm-768x373.png 768w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-2.41.11-pm.png 1220w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><figcaption class=\"caption wp-caption-text\">^<strong> production and nonsupervisory employees<\/strong>, thousands, accounting and bookkeeping services, seasonally adjusted. (卡塔尔世界杯常规比赛时间 research)<\/figcaption><\/figure>\n<p>in fact, the number of staffers has never fully recovered from the financial meltdown, after peaking at 767,800 in january 2008, dropping to 692,900 in december 2012, and edging back up to 777,7000 in july 2019, before slipping back down to 765,700 in the latest month available, pre-coronavirus.<\/p>\n<p>the new data show a total headcount in the profession of 1,035,600 employees in february, up 2,800 or 0.3 percent for the month, and up 23,000 or 2.3 percent for the year. they worked an average 36.3 hours per week, up 0.3 percent for the month and flat for the year. their hourly earnings averaged $35.04, a new record by 3 cents, up 0.1 percent for the month, and $1.16, or 3.4 percent, for the year.<\/p>\n<p>staff numbered 765,700, down 11,700 or 1.5 percent for the month but up 6,200 or 0.8 percent for the year. they averaged 34.3 hours, up 18 minutes or 0.9 percent for the month but down 24 minutes or 1.2 percent for the year. they made $27.70 an hour, a new high and up 6 cents or 0.2 percent for the month and $1.26 or 4.8 percent for the year.<\/p>\n<p><strong>cpa firms<\/strong><\/p>\n<p>in the latest month,\u00a0cpa firms set a new high-water mark in employment at 496,500, up 1,800 or 0.4 percent for the month and 14,500 or 3 percent for the year. workers put in 37 hours per week, down 6 minutes or 0.3 percent for the month and 42 minutes or 1.9 percent for the year. they earned $36.94, a new record by a nickel or 0.1 percent for the month, 87 cents or 2.4 percent for the year.<\/p>\n<p>staff at cpa firms numbered 351,100, up 1,000 or 0.3 percent for the month and 300 or 0.1 percent for the year. they averaged 35.8 hours, up 6 minutes or 0.3 percent for the month but down half an hour or 1.4 percent for the year. earnings hit a new high of $28.62, up 20 cents or 0.7 percent for the month and $1.33 or 4.9 percent for the year.<\/p>\n<p>but in the long-term, the recessionary job cuts are stark.<\/p>\n<figure id=\"attachment_72517\" class=\"thumbnail wp-caption aligncenter\" style=\"width: 750px\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-72517\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.01.48-pm-849x419.png\" alt=\"\" width=\"750\" height=\"370\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.01.48-pm-849x419.png 849w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.01.48-pm.png 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.01.48-pm-600x296.png 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.01.48-pm-424x209.png 424w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.01.48-pm-768x379.png 768w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.01.48-pm.png 1121w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><figcaption class=\"caption wp-caption-text\">^ <strong>cpa firms, 12-month net change,<\/strong> all employees, in thousands, not seasonally adjusted. (卡塔尔世界杯常规比赛时间 research)<\/figcaption><\/figure>\n<p>after the dot-com crash, cpa firms started cutting headcounts in september 2001 (remember 9\/11?) and didn&#8217;t stop until june 2004. following the financial crisis, cpa firms started shedding employees in january 2009 and kept cutting until june 2011. in both eras, female owners and partners felt the brunt of the down-sizings before male staffers.<\/p>\n<p><strong>tax prep<\/strong><\/p>\n<figure id=\"attachment_72514\" class=\"thumbnail wp-caption aligncenter\" style=\"width: 745px\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-72514\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.46.28-pm-849x410.png\" alt=\"\" width=\"745\" height=\"360\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.46.28-pm-849x410.png 849w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.46.28-pm.png 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.46.28-pm-600x290.png 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.46.28-pm-424x205.png 424w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.46.28-pm-768x371.png 768w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.46.28-pm-1536x742.png 1536w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.46.28-pm.png 2005w\" sizes=\"auto, (max-width: 745px) 100vw, 745px\" \/><figcaption class=\"caption wp-caption-text\">^ <strong>tax preparation services,<\/strong> all employees, in thousands, seasonally adjusted. (卡塔尔世界杯常规比赛时间 research)<\/figcaption><\/figure>\n<p>tax preparation services employed 87,500 for january, the latest month available, down 9,600 or 9.9 percent and 5,100 or 5.5 percent for the year. but the long-term view charts a generally downward trend since june 2011when employment peaked at 137,100. on the other hand, tax shops snapped back faster than other sectors of the tax and accounting profession.<\/p>\n<p><strong>payroll services<\/strong><\/p>\n<figure id=\"attachment_72506\" class=\"thumbnail wp-caption aligncenter\" style=\"width: 745px\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-72506 size-full\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/bls2020march_payrollhours.png\" alt=\"line chart\" width=\"745\" height=\"381\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/bls2020march_payrollhours.png 745w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/bls2020march_payrollhours.png 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/bls2020march_payrollhours-600x307.png 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/bls2020march_payrollhours-424x217.png 424w\" sizes=\"auto, (max-width: 745px) 100vw, 745px\" \/><figcaption class=\"caption wp-caption-text\">^ <strong>payroll services<\/strong>, weekly hours, since 2010. (卡塔尔世界杯常规比赛时间 research)<\/figcaption><\/figure>\n<p>payroll services had 181,500 employees, a new record, up 1,200 or 0.7 percent for the month and 8,600 or 5 percent for the year. they hit 37 hours for the first time, up 24 minutes or 1.1 percent for the month and 1 hour 48 minutes or 5.1 percent for the year. they got new high earnings to match, making $33.35, up 43 cents or 1.3 percent for the month and $3.43 or 11.5 percent for the year.<\/p>\n<figure id=\"attachment_72518\" class=\"thumbnail wp-caption aligncenter\" style=\"width: 849px\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-72518\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.28.43-pm-849x421.png\" alt=\"\" width=\"849\" height=\"421\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.28.43-pm-849x421.png 849w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.28.43-pm.png 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.28.43-pm-600x298.png 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.28.43-pm-424x210.png 424w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.28.43-pm-768x381.png 768w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.28.43-pm.png 1207w\" sizes=\"auto, (max-width: 849px) 100vw, 849px\" \/><figcaption class=\"caption wp-caption-text\">^ <strong>payroll services<\/strong>, all employees, thousands, seasonally adjusted, since 1990. (卡塔尔世界杯常规比赛时间 research)<\/figcaption><\/figure>\n<p>in the latest month, staff in payroll numbered 150,700, up 1,000 or 0.7 percent for the month and 4,400 or 3 percent for the year. their weekly hours hit a new high of 36.7, up 36 minutes or 1.7 percent for the month and 1 hour 42 minutes or 4.9 percent for the year. they made $28.31 an hour, down 8 cents or 0.3 percent for the month but up $1.54 or 5.8 percent for the year.<\/p>\n<p>payroll agencies started cutting staff before 9\/11, with the first blow landing on 4,400 positions in may 2001. the bloodletting continued until 2006, just in time for the financial meltdown, which saw retrenchment for years, on and off, until 2017.<\/p>\n<p><strong>bookkeeping<\/strong><\/p>\n<figure id=\"attachment_72519\" class=\"thumbnail wp-caption aligncenter\" style=\"width: 849px\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-72519\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.36.05-pm-849x426.png\" alt=\"\" width=\"849\" height=\"426\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.36.05-pm-849x426.png 849w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.36.05-pm.png 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.36.05-pm-600x301.png 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.36.05-pm-424x213.png 424w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.36.05-pm-768x386.png 768w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.36.05-pm.png 1173w\" sizes=\"auto, (max-width: 849px) 100vw, 849px\" \/><figcaption class=\"caption wp-caption-text\">^ <strong>bookkeeping and other accounting services,<\/strong> all employees, in thousands, seasonally adjusted. (卡塔尔世界杯常规比赛时间 research)<\/figcaption><\/figure>\n<p>in the latest month, bookkeeping and other accounting services dipped slightly from the previous month\u2019s record high to 267,300, down 600 or 0.2 percent for the month but up 9,500 or 3.7 percent for the year.<\/p>\n<p>longer-term, bookkeeping agencies after 9\/11 started trimming in june 2002 and continued into 2005. the financial crisis hit bookkeepers in 2008 and continued until 2011. since then, the sector has see-sawed between expansion and contraction, with the coronavirus outbreak now positioned to reverse recent gains.<\/p>\n<p><strong>women<\/strong><\/p>\n<p>in the latest month, the number of women employees, who consistently make up about 60% of the profession&#8217;s workforce, fell to 660,800, down 5,600 or 0.8 percent for the month but up 26,300 or 4.1 percent for the year. at cpa firms they numbered 306,600, down 500 or 0.2 percent for the month but up 9,400 or 3.2 percent for the year.<\/p>\n<p>there were 92,300 women in payroll services, down 1,600 or 1.7 percent for the month but up 13,400 or 17 percent for the year.<\/p>\n<figure id=\"attachment_72520\" class=\"thumbnail wp-caption aligncenter\" style=\"width: 750px\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-72520\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.50.45-pm-849x416.png\" alt=\"\" width=\"750\" height=\"367\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.50.45-pm-849x416.png 849w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.50.45-pm.png 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.50.45-pm-600x294.png 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.50.45-pm-424x208.png 424w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.50.45-pm-768x376.png 768w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-3.50.45-pm.png 1213w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><figcaption class=\"caption wp-caption-text\">^<strong> women employees,<\/strong> in thousands, all tax, accounting, and bookkeeping services, seasonally adjusted. (卡塔尔世界杯常规比赛时间 research)<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>in each of the century&#8217;s prior recessions, women were the first to be fired, and also the first to be hired back, but often in lower-paid positions than men.<\/p>\n<p><strong><br \/>\nhow are accountants bracing for a recession?<\/strong><\/p>\n<p>tell us in comments<\/p>\n","protected":false},"excerpt":{"rendered":"<p><a href=\"http:\/\/\/\/www.g005e.com\/?p=72378\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-72521  aligncenter\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-4.07.33-pm.png\" alt=\"\" width=\"248\" height=\"98\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-4.07.33-pm.png 693w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-4.07.33-pm.png 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-4.07.33-pm-600x237.png 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-4.07.33-pm-424x168.png 424w\" sizes=\"auto, (max-width: 248px) 100vw, 248px\" \/><\/a><\/p>\n<p><strong>if past recessions are any guide, the profession could lose up to 100,000 jobs.<\/strong><br \/>\n<em>by beth bellor<\/em><\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #0056a6;\">busy season barometer: prepping for the coronavirus recession<\/span><br \/>\n<\/strong><span style=\"text-decoration: underline; color: #00a160;\"><a class=\"external\" style=\"color: #00a160; text-decoration: underline;\" href=\"https:\/\/www.research.net\/r\/busy20econ\" target=\"_blank\" rel=\"noopener noreferrer\">join the survey. get the facts.<\/a><\/span><\/p>\n","protected":false},"author":796,"featured_media":62457,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2779,5,2374,3120,3002,2297,11,2312],"tags":[3084,3085,2429,643,715,572,38,1416],"class_list":["post-72378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charts-graphs","category-outlook","category-pay-compensation","category-pro-member-exclusive","category-special","category-staffing","category-research","category-women","tag-coronavirus","tag-covid-19","tag-earnings","tag-hiring","tag-jobs","tag-pay","tag-salary","tag-wages"],"acf":[],"yoast_head":"<!-- this site is optimized with the yoast seo plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>planning for the coronavirus recession - 卡塔尔世界杯常规比赛时间<\/title>\n<meta name=\"description\" content=\"actionable intelligence for tax, accounting, and financial professionals\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"\/\/www.g005e.com\/2020\/05\/02\/planning-for-the-coronavirus-recession\/\" \/>\n<meta property=\"og:locale\" content=\"en_us\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"planning for the coronavirus recession - 卡塔尔世界杯常规比赛时间\" \/>\n<meta property=\"og:description\" content=\"actionable intelligence for tax, accounting, and financial professionals\" \/>\n<meta property=\"og:url\" content=\"\/\/www.g005e.com\/2020\/05\/02\/planning-for-the-coronavirus-recession\/\" \/>\n<meta property=\"og:site_name\" content=\"卡塔尔世界杯常规比赛时间\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cpatrendlines\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-02t04:01:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-14t15:26:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2019\/06\/cpa-trendlines-jobs-report-logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1\" \/>\n\t<meta property=\"og:image:height\" content=\"1\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"beth bellor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpa_trendlines\" \/>\n<meta name=\"twitter:site\" content=\"@cpa_trendlines\" \/>\n<meta name=\"twitter:label1\" content=\"written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"beth bellor\" \/>\n\t<meta name=\"twitter:label2\" content=\"est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"article\",\"@id\":\"\/\/www.g005e.com\/2020\/05\/02\/planning-for-the-coronavirus-recession\/#article\",\"ispartof\":{\"@id\":\"\/\/www.g005e.com\/2020\/05\/02\/planning-for-the-coronavirus-recession\/\"},\"author\":{\"name\":\"beth bellor\",\"@id\":\"\/\/www.g005e.com\/#\/schema\/person\/07fbc5f366db006e368ba3ed7c75728c\"},\"headline\":\"planning for the coronavirus recession\",\"datepublished\":\"2020-05-02t04:01:29+00:00\",\"datemodified\":\"2024-08-14t15:26:26+00:00\",\"mainentityofpage\":{\"@id\":\"\/\/www.g005e.com\/2020\/05\/02\/planning-for-the-coronavirus-recession\/\"},\"wordcount\":1383,\"commentcount\":47,\"publisher\":{\"@id\":\"\/\/www.g005e.com\/#organization\"},\"image\":{\"@id\":\"\/\/www.g005e.com\/2020\/05\/02\/planning-for-the-coronavirus-recession\/#primaryimage\"},\"thumbnailurl\":\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2019\/06\/cpa-trendlines-jobs-report-logo.jpg\",\"keywords\":[\"coronavirus\",\"covid-19\",\"earnings\",\"hiring\",\"jobs\",\"pay\",\"salary\",\"wages\"],\"articlesection\":[\"charts &amp; 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