Friday, July 6, 2012

June 2012

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 adjustedJune20111,123,700
April20121,113,900
May20121,115,900
June20121,132,3008,600
Seasonally adjustedJune20111,111,200
April20121,119,000
May20121,119,500
June20121,119,7008,500
Change from May-12 to
Jun-12
200

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