are automation and ai killing entry-level jobs?

where the jobs aren’t.

by 卡塔尔世界杯常规比赛时间 research

the tax and accounting sector is shedding more jobs, with women and nonsupervisory workers feeling the brunt of the decline.

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a new analysis by 卡塔尔世界杯常规比赛时间 reveals the profession may be holding headcounts near historic highs but gradually reshaping itself. women hold 62.1 percent of jobs, down from 63.4 percent a year ago — the sharpest one-year drop in female workforce share since 2010. supervisory staff, meanwhile, make up 9.7 percent of total employment, up from 9.3 percent last year, reflecting a slow but steady increase in managerial presence, while nonsupervisory employment is down 3.6% year over year.

the industry remains just 4,700 jobs below its may 2024 peak of 1.159 million, and long-term growth remains strong: employment is up 17 percent over the past five years and 34 percent over the past two decades.

but the latest figures point to a cooling phase. with shorter hours, softer earnings, and a rising share of managers in the workforce, accounting services are consolidating after years of steady expansion, adjusting staffing patterns in response to technology and efficiency pressures.

the broad accounting, tax preparation, bookkeeping and payroll services sector currently employs 1.154 million people, representing a gain of about 700 jobs from a month ago, a 0.1% increase. however, payrolls are still down by over 37,000 from a year ago, which is a 3.1 percent annual decline.

average weekly hours ticked to 34.9 from 34.8 a month ago, though workers logged nearly an hour less than a year earlier. weekly earnings are about $1,545, essentially flat on the month and 1.4 percent below year-ago levels. aggregate payrolls for the sector fell 3.5 percent over the year to $1.78 billion, underscoring a slowdown in overall compensation. behind the headline numbers, subsectors moved in different directions.

cpa firms employ 543,300 workers, a drop of 1,500 from last month and a 0.3 percent decline from a year earlier. roughly four out of five jobs were held by men, highlighting how heavily male-dominated the profession remains, even as the broader sector trends female. supervisory roles at cpa offices are increasing to just over 10 percent of employment, suggesting firms protect senior staff while trimming lower-level positions.

the picture is even weaker in payroll services, where employment fell 4.1 percent from a year earlier, or about 12,500 jobs. women make up just over a third of payroll staffing, compared with 62 percent across the sector, and the subsector has shed more than 30,000 jobs since mid-2023. supervisory staff account for about one in ten jobs, a ratio that has held steady even as the total headcount has shrunk.

tax preparation services are following their typical seasonal pattern, adding slightly from last month, ending with 61,500 jobs, down 1.3 percent from a year earlier. women historically account for nearly three-quarters of employment in tax prep. managers represent only a small share of staffing, with most work concentrated in front-line client service roles. the most stable of the subsectors, bookkeeping firms, employ 281,000 people, unchanged from a month ago, but down 0.6% from a year earlier. supervisory jobs are trending higher as a share of the workforce, while nonsupervisory positions are declining slightly.

 

 

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