Tax & Accounting Firms Rehire Two-Thirds of Pre-COVID Workforce

Payroll services on a roll… unless you look at last year.

By Beth Bellor

An incomplete recovery seems to be the theme for recent employment reports.

Employment in the accounting profession reversed its downward trend from the previous month to hit 1,014,000, the highest mark since March.

MORE ON JOBS: New Job Cuts at CPA Firms | COVID Job Toll: Tax & Accounting Cuts 17,500 Employees | Firms Recall Half of Furloughed Staffers | Covid Kills 67,600 Jobs in Tax and Accounting | Pre-COVID-19, Accounting Profession Hits New Highs
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You remember March and April, right? One month there were 1,042,800 accounting jobs; the next there had been a 7.5 percent nosedive to 965,000. With September’s figures, we’ve regained 63 percent of that 77,800-job decline.

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