Legal Sector Adds Jobs in August
For those 3L’s searching for jobs, 2L’s interviewing for summer associate positions, and 1L’s who are just plain nervous about what awaits post-graduation, perhaps it is time to take a deep breath and put down the Xanax. According to the Bureau of Labor Statistics’ report for August, the U.S. economy lost a total of 54,000 jobs. This is hardly promising news for the economy as a whole. However, the news for lawyers and legal industry employees is a bit brighter, and perhaps something to smile about.
The legal sector handed out 1,000 jobs last month, marking the second straight month of improved numbers for the industry. In June and May combined, legal services positions declined by almost 4,000. While the government originally reported that the legal sector lost 800 jobs in July, a readjustment now shows a gain of 300 positions. Yet, those numbers still lag behind reports from August 2009 by more than 14,000 jobs. Additionally, we do not know exactly what kinds of jobs were “added”. Lets remain positive, and hope for continued job growth through the end of 2010 and beyond. What are your thoughts on the “growth” of the sector? Do you think we can expect this to continue?