The legal industry added 200 jobs last month. The problem remains that the number of heavily-indebted JDs far exceeds job openings. As I noted in June, growth over the last two years has been negligible. Meanwhile, 45,000 JDs pour into the market each year to compete with both their own cohort and their predecessors.
The overall economy sucks, adding just 80,000 jobs. My employer's industry is sensitive to the jobless rate and my seat-of-the-pants impression in our markets is things are not getting better.
http://www.bls.gov/news.release/empsit.t17.htm
| Not seasonally adjusted | June | 2011 | 1,123,700 | |
| April | 2012 | 1,113,900 | ||
| May | 2012 | 1,115,900 | ||
| June | 2012 | 1,132,300 | 8,600 | |
| Seasonally adjusted | June | 2011 | 1,111,200 | |
| April | 2012 | 1,119,000 | ||
| May | 2012 | 1,119,500 | ||
| June | 2012 | 1,119,700 | 8,500 | |
| Change from May-12 to Jun-12 | 200 |
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