Don’t know how to interpret this. You can figure for yourself what it means for your practice.
Looks like the prospects for new accounting grads is good.
CPATrendlines, in their article, Number of Accounting Grads Hits New High, reports:
Newly minted accountants have some of the brightest job prospects in the nation, with nearly 90 percent of accounting firms forecasting the same or increased hiring of graduates this year compared with 2010, and nearly three quarters, 71 percent, of the largest firms anticipating more hiring – an indicator of a rebounding economy.
The data is from a 2011 survey by the AICPA.
Total number of graduates, including undergrad and graduate, is at a record high.
In addition to solid hiring at the moment, the survey is suggesting demand for accountants may outstrip the academic world’s ability to produce new grads.
Last comment in the CPATrendlines article says an increasing number of schools are turning away applicants because they don’t have capacity for more students.