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Payroll & Bookkeeping Services in the US - Industry Market Research Report

US Payroll & Bookkeeping Services Market: Demand for industry services will return, but sustained unemployment will limit growth


Companies & Markets

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13.08.2014 03:40:02 - Payroll & Bookkeeping Services in the US - Industry Market Research Report - a new market research report on companiesandmarkets.com

(live-PR.com) - The recession caused unemployment to rise, reducing client payrolls and causing more businesses to go bankrupt. In turn, this movement reduced the pool of clients that once required payroll and bookkeeping services. However, as the economy recovers in the five years to 2019, many businesses that brought payroll and bookkeeping in house will begin to outsource once again and focus

 

on core competencies. The improving labor market will also boost demand for industry services...

The geographic distribution of establishments in the Payroll and Bookkeeping Services industry is highly correlated with the distribution of the US population. There are a large number of small businesses in the industry that cater to small clients. These businesses are located close to large workforces, which typically are located in urban centers. Accordingly, the percentage of industry establishments is similar to the proportion of the US population in each state. Southeast. The Southeast region represents the highest number of establishments. In 2014, 25.1% of industry establishments are located in the region, in line 25.4% of the US population...

Major Market Players

Automatic Data Processing Inc.

Revenue
$41bn
Annual Growth 09-14
3.2%
Employment
539,044
Businesses
242,152

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Author:
Mike King
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Phone: 44 0203 086 8600


 

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