Legal Sector Lost 1,100 Jobs in November
The legal sector shed 1,100 jobs in November, marking the second straight month that the number of people employed in the industry declined, according to seasonally adjusted preliminary data released Friday by the U.S. Bureau of Labor Statistics.
The BLS data released Friday also included revised employment figures for October that showed the legal sector losing 400 jobs that month rather than the 900 the agency originally estimated. That revision notwithstanding, the data show the industry suffering a two-month setback on the employment front after adding total of 4,000 job from July through September, according to further revised data from BLS.
So far this year, the legal industry has added a total of 3,000 jobs and currently employs 1.128 million people—2,500 more than it did at this time last year.
Meanwhile, the broader economy added 203,000 jobs last month, according to the preliminary BLS data. That increase sent the unemployment rate from 7.3 percent to an even 7 percent. With the nation's jobless rate now at a five-year low, The New York Times reports, the Federal Reserve is likely to begin easing its stimulus efforts early next year.