Covid Kills 67,600 Jobs in Tax and Accounting

Two years of steady gains wiped out in one month

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 CPA Trendlines Research.

MORE on JOBS and HIRING TRENDS:  Planning for the Coronavirus Recession  |  Pre-COVID-19, Accounting Profession Hits New Highs  |  The Fight for New Tax Clients  |  Tax & Accounting Headcounts Hit Record High   |  Hiring Growth Rate Shows Signs of Leveling Off   |  What Staffing Shortage?   |  Payroll Agencies Lead Jobs Growth in the Tax & Accounting Industry   |
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In this report, CPA Trendlines 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 data comes with a big asterisk.