April 1, 2011 12:02 PM
March Brings More Job Losses in Legal Sector
Posted by Tom Huddleston Jr.
April 1 aside, this is no joke. The legal services industry experienced another month of job losses in spite of a six figure employment boost overall for the national economy.
According to the Bureau of Labor Statistics' monthly employment report, released today, legal jobs dropped by 500 in March after 2,000 positions were lost in February. Compared with this point last year, the legal industry is down 800 positions, according to the BLS figures. (Click here for our February jobs report and here for our January coverage.)
The news is rosier, though, for the country on a whole, as the U.S. economy added 216,000 jobs in March, which dropped the unemployment rate from 8.9 percent to 8.8 percent. The jobless rate has shed an entire percentage point since November 2010.
The health care and manufacturing industries continued upward swings with 37,000 and 17,000 new hires, respectively. The service-providing sector was also strong last month, especially in the temporary help services and the professional and technical services industries.
It is worth noting that the legal sector's February numbers have been adjusted, as BLS originally reported a 2,900 job dip for the legal sector that month. But that is a small consolation prize for an industry that saw its second straight month of losses, and its fourth out of the past five.Make a comment