Saturday, September 5, 2020
American Lawyer, Jobs Report: US Economy Adds 1.4 Million Jobs, Legal Adds ... Nothing:
Zero. Zip. Zilch. Nada. While the U.S. economy overall added 1.4 million jobs in August, buoyed by almost 250,000 temporary census workers that will be laid off at month’s end, the legal vertical added exactly zero jobs, according to the Bureau of Labor Statistics’ monthly jobs report.
While not counted in this month’s report, a spat of layoffs in recent days suggests that a flat month of job growth might be the best the industry can expect for some time.
The number of jobs in the legal sector, composed of attorneys, paralegals, legal secretaries and others who make their living in the law, sat at 1,107,600, the same number as July and about 45,000 jobs lower than the same point in 2019.
The stagnation of legal industry job growth, which saw the addition of 3,500 jobs in May, 7,500 in June and 1,900 in July after a crushing loss of 64,000 jobs in April, is glaringly close to a trend as growth has slowed even as firms reinstate partner dividends and roll back austerity measures.