Monday, August 6, 2012
The Bureau of labor Statistics has released the employment figures for July showing that the legal sector added 1,400 new jobs last month. The bad news is that BLS has revised its legal sector job figure for June, 2o12 from the original estimate of 200 new jobs added to 200 jobs lost instead. And since July, 2011, the legal sector has added only 4,500. Keep in mind that "legal sector" is broadly defined to include paralegals and other support personnel.
From AmLaw Daily:
One month after experiencing a slight dip in employment, the legal sector managed to add 1,400 jobs in July, giving the industry its highest overall employment numbers in three years, according to preliminary data released Friday by the U.S. Bureau of Labor Statistics.
Last month, The Am Law Daily reported that June represented the second straight month of modest job growth in the legal sector, based on the BLS's preliminary report for that month. But the BLS has since revised its numbers to show a 200-job loss in June, as opposed to the 200-job increase originally reported. Meanwhile, employment in the industry grew by only 300 jobs in May, based on revised BLS data for that month.
With June's uptick, the legal sector now employs more than 1.12 million people, the highest the overall total has reached since July 2009. BLS data also shows the sector with 4,500 more positions in July than it had at the same time last year. But the current total is still a far cry from prerecession numbers leading up to early 2008, when the industry regularly had tens of thousands more jobs on the books than it currently boasts.
You can check out additional coverage from the Wall Street Journal Law Blog here.