{"id":1403,"date":"2019-08-06T13:00:39","date_gmt":"2019-08-06T20:00:39","guid":{"rendered":"https:\/\/addison.lwh.dev\/insights\/q3-accounting-finance-employment-report\/"},"modified":"2019-08-06T13:00:39","modified_gmt":"2019-08-06T20:00:39","slug":"q3-accounting-finance-employment-report","status":"publish","type":"post","link":"https:\/\/addisongroup.com\/insights\/q3-accounting-finance-employment-report\/","title":{"rendered":"Q3 Accounting and Finance Employment Report"},"content":{"rendered":"\n

Many fear that an economic slowdown is near and that we could be faced with a recession in 2020.  However, recent statistics show that a slowdown may still be further out on the horizon. According to an employment report presented by the Bureau of Labor Department (BLS), 224,000 jobs were created during Q2<\/a>. Letting us end the second quarter on a strong note.<\/p>\n\n\n\n

While the national unemployment rate had a slight rise going from 3.6% to 3.7% by the end of the quarter, it shows us that most people are participating in the workforce. Which gives hope to many analysts that there is no immediate economic collapse looming.<\/p>\n\n\n\n

The U.S. Bureau of Labor Statistics reports that the requisite for finance professionals and accountants are still in demand. The unemployment rate for financial professions has gone down, dropping 0.3% by the end of the second quarter.<\/p>\n\n\n\n

Even better, the hourly earnings have made a small climb, and the weekly hours had a slight decrease. With hourly earnings rising to 3.1% within the last year, it comes in at 0.1% lower than what the market had initially predicted.<\/p>\n\n\n\n

Unemployment Breakdown by Roles:<\/h3>\n\n\n\n