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Legal Industry Drops 700 Jobs in Month of May

For the month of May, the legal industry dropped 700 jobs, according to data from the United States Bureau of Labor Statistics. The data was released on Friday and it brings the total number of those employed in the legal sector to the lowest level since the year began, according to The Am Law Daily.

The data released from the BLS on Friday is bleaker when you take into account the revised hiring data for the month of April by the agency. For April, the legal sector dropped 2,100 jobs, which is much more than the 1,200 jobs lost in the original estimate.

By the end of May, there were an estimated 1.135 million people working in legal jobs. This number is 1,200 more than the same time from 2013. The number also shows a net loss of 100 jobs since 2014 started.

Despite the job losses in the legal sector last month, the broader United States economy fared better in May. The economy added an estimated 217,000 jobs in the non-farm segment, with the majority coming in the professional and business services industry.
Due to the added jobs in May, the economy of the country has regained all of the jobs lost in the recession. Even though there was job growth, the unemployment rate stayed the same at 6.3 percent.



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Posted by on June 9, 2014. Filed under Legal News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

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