Tuesday, November 12, 2013
Reversing a short-lived trend towards job growth during the preceding three months. The AmLaw Daily has the story:
After three straight months of gains on the employment front, the legal industry lost 900 jobs in October, according to seasonally adjusted preliminary data released Friday by the U.S. Bureau of Labor Statistics.The losses ended the positive momentum the industry built up from July through September, when—according to revised hiring figures for those months that were also included in Friday's report—U.S. employers added a total of 5,400 legal jobs to their payrolls. The revisions included bumping the original September estimate for legal industry hiring—which, along with the broader BLS report for the month, was delayed by the government shutdown—up from 1,100 jobs added to 1,200.As of the end of October, the legal industry employed 4,100 more people than it did at the same point last year, with roughly 1.129 million people all told holding legal sector jobs. Even after accounting for last month's dip, the industry still employs more people now than it did at any time between 2010 and 2012.