Legal Industry Lost 22,300 Jobs in Last Year
Posted Apr 3, 2009 8:23 AM CDT
By Debra Cassens Weiss
The legal industry lost 2,700 jobs in March, according to seasonally adjusted numbers released today by the U.S. Labor Department.
Legal employment, which includes nonlawyers who work in the legal services industry, declined from 1,149,200 in February to 1,146,500 in March.
Legal services jobs nationwide have contracted by 22,300 jobs in the last 12 months, according to the numbers from the Bureau of Labor Statistics.
The loss comes as the national unemployment rate reached 8.5 percent, the New York Times reports. The story says the Federal Reserve expects unemployment to peak at about 8.8 percent, but many economists predict it will hit 10 percent.
Prior coverage at ABAJournal.com: