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There’s good news on the inflation front: December 2022 marked the sixth straight month that the U.S. rate of inflation has decreased.

The U.S. economy expanded at a healthy pace in the fourth quarter, though signs of slowing underlying demand mounted as the steepest interest-rate hikes in decades threaten growth this year.

Private sector employment increased by 106,000 jobs in January and annual pay was up 7.3 percent year-over-year, according to the January ADP National Employment Report.

Somerset has been providing accounting, tax, and financial advisory services to clients in a wide array of industries for more than 60 years.

83% of chief tax officers are planning to use outsourcing, cosourcing, or managed service alliances this year.

CalCPA proactively drives evolution within the accounting profession by promoting business growth and integrity, protecting public interests, and positively impacting the community to deliver a better future for all.

64% of hiring managers say the bachelor’s degree requirement was eliminated to increase applicants.

Vacancies at U.S. employers unexpectedly increased at the end of 2022, illustrating a solid appetite for labor that the Federal Reserve sees as one of the last hurdles to bring down inflation.