In 2019, there were 1.28 million accountants and auditors and 1.51 million bookkeeping, accounting and auditing clerks employed in the U.S. California was the state which employed the most accountants and auditors, but it was the District of Columbia which paid its accountants and auditors the highest wages.
Members of the American Institute of Certified Public Accountants (AICPA) have expressed generally increasing confidence in their businesses since the beginning of 2016. In the first quarter of 2018, the Certified Public Accountants Outlook Index score was the highest it had been since before 2011, indicating increasing activity in the industry. The index did however fall over the nex quarters, reaching its lowest level in the second quarter of 2020 . Of the factors posing risks to accountancy businesses at this time, inflationary pressures from labor costs, raw materials and interest rates were the most commonly identified by accountants.