A survey by The Mergis Group found growing confidence in the employment picture for finance and accounting careers. After two quarters in a row of declining confidence in the sector, The Mergis Group Finance and Accounting Employee Confidence Index increased 5.4 points to 55.8 during the fourth quarter. The index measured the current level of confidence in the sector by surveying 230 professionals working in the finance and accounting fields.

The Finance and Accounting Index provides some insight into the actual job market for finance and accounting careers by asking current employees how they feel about their job security and how easy it would be to find a job right now. More than half (53 percent) of current workers said they are confident in their ability to find a new job in the sector; only 16 percent said they were not confident. According to the study, an increasing number of participants said that the total number of available jobs is growing. Twenty-three percent in the fourth-quarter survey said they believe more jobs are available—up frtom 15 percent in the hird quarter.

The Mergis Group also surveyed human resource executives in the finance and accounting sector to learn more about the current state of employment for finance and accounting professionals. The study found that the sector looks very good for jobs because of growing demand and a lack of available talent.

The Mergis Group says that one of the highest growth areas for jobs is in mortgage banking. Due to an increased demand for new loans, there is a growing need for mortgage underwriters and loan documentation specialists. Nearly one-third (29 percent) of mortgage professionals who participated in the survey said that their organizations are currently understaffed; only 3 percent said they were overstaffed. Out of those understaffed organizations, 40 percent of them plan to hire more full-time employees in 2013. More home sales are one of the drivers for employment in the industry, as 4.2 million homes were sold in 2012, up from 3.9 million in 2011, according to a 2013 CoreLogic report.

Employment in accounting careers is expected to grow much more quickly than the average occupation for the next five years. The U.S. Bureau of Labor Statistics expects it to grow by 22 percent from 2008 to 2018.

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