The unemployment rate dipped one-tenth of a percentage point to 4.9 percent as employers added 151,000 jobs in January, to the U.S. Bureau of Labor Statistics reported Friday, including 5,800 jobs in accounting and bookkeeping services.
“Overall the unemployment rate has fallen to less than 5 percent and for accountants in the skilled accountant labor market, it's much lower than that,” said Kim Gottschalk, senior regional vice president for the staffing company Accounting Principals. “For the skilled accountant workforce, those people can find jobs immediately if they're looking, or they can switch jobs for a bump in salary right now. Wages are very strong in accounting and finance. People are taking multiple offers and they are getting significant bumps up in pay in many cases. This is for both the temporary labor market, which continues to be very strong, and the direct hire force. They are expected to be very strong throughout all of 2016 and into 2017 and perhaps beyond. That's what's projected. There is no shortage of jobs for accounting and finance professionals.”
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