When it comes to the legal job market, the first half of 2011 looks something like this: Job Cuts - 4, Job Openings – 2. We’ve seen jobs decline in four of the past six months; only January and May brought job growth with 500 and 200 jobs added, respectively. According to the Bureau of Labor Statistics' recent data, June jumped on the legal sector’s negative job trend, saying goodbye to 2,600 jobs.
While this news is obviously disconcerting for unemployed lawyers and law school graduates, BLS’s findings brought some positive news: 1. May experienced job growth rather than the initial reported loss of 1,000 jobs (as Vault reported here) and 2. the job loss in April was actually 700, not 1,500 (not exactly encouraging news, but better than the alternative).
Nonetheless, June is another reminder that we are far from out of the legal unemployment hole.
The AmLaw Daily source
Legal Job Market Down for Fourth Straight Month
Class of 2010 Law Grads Face Dismal Job Prospects
Too Many Lawyers
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