Monday, January 9, 2012
From AmLaw Daily:
The legal industry ended 2011 on a sour note, losing 1,800 jobs in December, according to the Bureau of Labor Statistics' preliminary employment report released Friday.
The December losses obliterated the sector's modest gains of the previous two months: 400 jobs in October and another 400 in November, according to the seasonally adjusted figures included in the latest BLS report. (The BLS initially reported an uptick of only 100 legal jobs in November.) Since December 2010, the legal sector has cut about 2,700 jobs, the BLS report says.
The losses also put the legal industry at odds with the broader economy, which, according to the BLS report, added 200,000 jobs in December to bring the nation's unemployment rate to a nearly three-year low of 8.6 percent. All told, the BLS reports, the economy gained 1.6 million jobs in 2011 after adding 940,000 in 2010.