In 2022, California was the state with the highest employment level in accounting and auditing, with approximately 160,000 working within this industry. The state of New York was second in the list, employing roughly 110,000, as well as being second in the list of highest paying states for accounting and auditing.
The accounting industry in the United States
The spending per average consumer of accounting services in the United States increased significantly between 2020 and 2021, with trends indicating that spending on accounting fees will continue to grow. With such great demand, it is little surprise that the revenue of accounting services within the country has been on an upward spiral since 2011. The number of bookkeeping, accounting, and auditing clerks employed in the United States have also had to keep up with these growth trajectories, as employment within the industry also grew in the last year.
Employment levels in the United States
In 2021, figures of those in officially recognized employment rose substantially, as employment in the United States continued on a steady path. According to the International Monetary Fund, this figure is expected to rise continuously until 2023. With the backbone of the U.S. economy lying in the hospitality and leisure industry, employment figures took a significant hit during the peak of the coronavirus pandemic in 2020 owing to lockdown measures that required restaurants and leisure facilities to stay closed indefinitely. This prediction, therefore, will have come as a relief to the American economy, as hires in leisure and hospitality services was the industry with the second most new employees nationwide in February 2023.
