Accounting and bookkeeping sector adds 17,800 jobs in May.
In the biggest single-month gain since the recession, the accounting industry added almost 18,000 new jobs in May, bringing the total headcount to 926,300, a 29-month high. In fact, accounting was one of the few bright spots in an otherwise disappointing jobs report.
But corporate employers raise starting pay. While most new college graduates are just happy to get a job this Spring, they’re probably happier going to work in business and industry because that’s where the money is. Starting salaries in public accounting are sinking … Continued
No economic slowdown has been as bad for jobs as this one. The big red line is the current employment recession. Nothing in the last 63 years has been as painful or as prolonged for American workers. The good news? … Continued
Total industry workforce rises to 904,400 people.
April’s gain follows big jump (seasonally-adjusted) in February, with 21,500 new accountant and bookkeeper jobs, according to the U.S. Bureau of Labor Statistics.
But they bill for it too.
The best firms, according to INSIDE Public Accounting, start paying more from the first day and from the bottom up. For instance, IPA’s Best of the Best pay new graduates about $55,000, compared to $50,000 at their competitors — a 10% advantage that generally carries through every job level. READ MORE →
Small business optimism slumps in March, according to SurePayroll.
The index fell two percentage points from February to 69 percent in March, with hiring is down 2.2% year-to-date. “While large businesses, medium-sized businesses and even larger small businesses may be seeing improvements in hiring, the smallest of businesses aren’t,” the company said.
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Seasonally-adjusted employment sinks to 874,100.
That’s down from 876,400 in January, according to new government data, and part of a consistent decline since January 2008.
Meanwhile, the nation and economy overall added 192,000 jobs to non-farm payrolls in February, the fastest pace in nine months. The unemployment rate declined to 8.9 percent, almost a two-year low.
Economists suggest the economy may be shifting into higher gear. But you wouldn’t know it from the employment trends in the almost million-person accounting and bookkeeping sector.
Accounting and bookkeeping sector hits new low. Accounting and Bookkeeping, All Employees, in Thousands As the nation’s overall unemployment rate ticked upward to 9.8% in November from 9.6%, the number of jobs in the accounting and bookkeeping sector declined by … Continued