Legal Employment Today
By Stephanie Judd
More and more jobs are getting lost in the legal field today, albeit the nature of market is improving. The rate of unemployment rose to 9.9 percent in April, as 2,200 jobs in the legal field were lost in the past two months. According to the Bureau of Labor Statistics' latest figures, about 1,000 law jobs were lost in the month of March and 1,100 jobs were lost in April.
Additionally, in a revised report for February jobs report, it was mentioned that instead of 100 lost jobs, there was actually a gain of 700 law jobs. Further, more than 28,000 legal jobs were lost in the past 12 months. This is particularly a staggering number to note, amidst more and more admissions in law schools.
Do you really think then, that the tuition fees should be hiked and added to the burden of law students when there is not even a guarantee of landing a decent lucrative job?Meanwhile, there was another news article which I read about which introduced a law to safeguard jobs. The news report mentioned that New Hampshire Governor John Lynch has signed into law a bill which allows corporate to reduce on operations without eliminating workers from their jobs. The law allows companies and their workers to mutually agree to reduced hours instead of layoffs. The state would then play a role in providing for lost wages through unemployment benefits.
The New Hampshire law is specially designed to reduce the demand for jobless benefits. The law will also keep eligibility of workers for employer health benefits intact. Additionally, the best part that this innovative law has devised is that it allows the Department of Employment Security to use funds to train unemployed people.
Law jobs are getting out, but laws are still being devised to retain the existing ones!
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