Part I of this series addressed the American Bar Association rule change allowing 2014 law graduates until March 15—an extra month from prior years—to find jobs before their schools would have to report those graduates’ employment results to the ABA (and U.S. News & World Report). That change will almost certainly produce higher overall employment rates. But relying on any alleged trend that results solely from an underlying change in the rules of the game—such as extending the reporting period from nine months to 10—would be a mistake.

This post considers a second rule change. It comes from the U.S. Department of Labor, and it’s a whopper.