I'm just going through the motions at this point. July 2014 was flat. Year-over-year was modest, nowhere near enough to absorb recent graduates. We'll see what happens in the fall, though I'll go out on a limb and predict things will suck for most newly-minted lawyers.
I'd hoped toilet law schools would start to fail and fall like dominos as students fled, but I'm increasingly convinced there is a baseline supply of individuals like this to fill seats. All the schools need to do is get their expenses in line with the new-normal revenue stream — they're lopping faculty and staff as I type this — and they can scam provide quality, ABA-endorsed legal educations forever.
http://www.bls.gov/news.release/empsit.t17.htm
Not seasonally adjusted | July | 2013 | 1,143,300 | |
May | 2014 | 1,131,700 | ||
June | 2014 | 1,145,600 | ||
July | 2014 | 1,147,100 | 3,800 | |
Seasonally adjusted | July | 2013 | 1,132,000 | |
May | 2014 | 1,135,200 | ||
June | 2014 | 1,136,100 | ||
July | 2014 | 1,135,900 | 3,900 | |
Change from Jun-14 to Jul-14 | -200 |