Accounting Sector Shrinks by 4,200 Jobs

All employees, thousands, accounting and bookkeeping services, June 2012

All employees, thousands, accounting and bookkeeping services, June 2012

Marking the fourth consecutive month of decline, the bookkeeping and accounting industry contracted in June, shedding 4,200 full-time employees from May, ending at total employment of 954,800 workers and professionals, according to new data available to CPA Trendlines.

Still, June’s employment level represented a 2.5% expansion over the June 2011 level, representing the 16th consecutive month of year-over-year gains for the industry.

Overall, the nation’s unemployment rate remained unchanged in June at 8.2% as the economy added about 80,000 new jobs, far short of making a dent in the 13 million jobs lost beginning five years ago with a mortgage meltdown and a financial crash.

Can You Be Trusted as a Leader?

Dan McCarthy

20 signs you can’t.

If Paychex Inc. knows something about leadership — and considering their position in the market, they might — then Dan McCarthy may have had something to do with it.

Dan was responsible at Paychex for executive training and development, including succession planning, at a time when the company was consistently named a Fortune Magazine “Great Place to Work,” a “Training Magazine top 125” training organization, and a Bersin “High Impact Learning Organization.” Since 2011, he’s been director of executive development programs at the Whittemore School of Business and Economics at the University of New Hampshire in Durham, N.H.

Lately, he’s been thinking — and worrying — about the difficulties that leaders and managers face from the effects of the Great Recession. “Job satisfaction has decreased since the beginning of the recession in 2008,” he notes. And CPA Trendlines research by Bay Street Group LLC bears him out in the tax and accounting industry.

Some of the damage may be self-inflicted. Here Dan lists “20 signs you can’t be trusted as a leader:” READ MORE →