Hiring on AccountingCrossing.com Mirrors February Growth in Accounting Sector

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The accounting sector added 11,000 jobs to the U.S. economy last month, according to the latest Bureau of Labor Statistics jobs report. The new data reflects strong hiring and recruitment numbers on AccountingCrossing.com.

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While the overall unemployment rate still hovers near 8 percent, hiring for accountants and bookkeepers has been near-frenetic

Demand for accounting and bookkeeping services was strong in February, with 11,000 jobs last month, according to the latest Bureau of Labor Statistics report. Employment data reflected data on AccountingCrossing.com, which has seen a spike in hiring as accounting firms prepare for this year’s tax season.

The U.S. economy added 236,000 last month, according to the latest employment report released by the Bureau of Labor Statistics. Enough jobs were added to affect the unemployment rate, which ticked down to 7.7 percent. Of the industries that saw the greatest growth, the professional and business services sector was the clear winner, adding 73,000 jobs last month in higher-than-anticipated numbers. The BLS report noted that employment demand was particularly strong for accounting and bookkeeping services, which added 11,000 jobs and grew 10.9 percent over the previous month.

The employment demand in the professional and business services sector countered criticisms that much of the job growth has been for temporary or contract positions, or in lower-paying industries like construction or retail. A significant portion of the jobs added in February were in professional, white-collar industries like accounting and consulting, which typically pay higher salaries.

The BLS data reflected hiring trends on AccountingCrossing.com, a leading job search site for accounting and bookkeeping positions. While the overall unemployment rate still hovers near 8 percent, hiring for accountants and bookkeepers has been near-frenetic, especially as firms struggle to keep up with the heightened activity of tax season. As of the time that this release was written, the site listed 64,357 accounting jobs with 15,972 new jobs added this week alone. The numbers demonstrate the spike in demand for accounting services, at a pace which has outstripped overall U.S. employment.

“The latest jobs report has been encouraging,” said Harrison Barnes, CEO of AccountingCrossing.com. “The fact that the professional and business sector actually gained jobs this month shows the resilience of the U.S. economy in spite of an uncertain political future. Employers are feeling confident enough about future business activity to ramp up hiring in the face of spending cuts and tax increases. I can only imagine that recruitment will be even stronger once things settle down in Washington.”

About AccountingCrossing

AccountingCrossing.comis a job search site based in Pasadena, CA. It is a part of the Employment Research Institute and owned by A. Harrison Barnes.

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