A Labor Day Treat: August Jobs Report is Good News for Law Employment

The Bureau of Labor Statistics released its monthly labor report last Friday, reporting a net gain of 1,000 legal sector jobs in August.  Overall, the economy lost an estimated 54,000 jobs, although that statistic is somewhat deceptive.  The private sector gained an estimated 67,000 jobs, which is a better measure of the overall employment picture, since the net loss statistic reflects the loss of census-taking jobs.

There are a few positives to take from the BLS report.  First, although legal sector employment data remains choppy, that’s better than the steady diet of declining employment numbers we’ve been fed over most of the last two years.  Second, BLS revised its July law employment numbers to show a small increase in legal jobs in July, in contrast to the small decline that it had previously reported.  Third, in a reversal from late spring/early summer, legal employment is, at least for the moment, no longer bucking the trends in the overall economy.  That may (stress on “may”) indicate that the legal sector had bottomed out a few months ago.

I think it’s still too early to have much confidence that legal employment reports will be consistently positive in the next several months.  But in this economy, you take pleasant things where you find them, and the August report was indeed happy news.

~ by Kyle Pasewark at Advise-in Solutions on September 6, 2010.

One Response to “A Labor Day Treat: August Jobs Report is Good News for Law Employment”

  1. […] Legal Market (At Least for Now) On the heels of last week’s mildly positive report of an uptick in legal employment comes more good and reinforcing news.  On Tuesday, The New York Times reported the recent […]

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