2010 11 Jan

AbovetheLaw reports that the issues this year for legal jobs is not so much unemployment as UNDERemployment.

To quote ATL:  “The year isn’t off to a good start, but it’s the same bad news it’s been for a while. Focus is increasingly turning to the underemployment rate, rather than the unemployment rate. layoff1 Legal Jobs   Its Under employment now   not unemployment

It’s the same old denominator problem. Unemployment looks not bad (relatively speaking) at first glance – it was flat at 10.2%. But 661,000 people left the US labor force last month and a similar number of jobs were lost. Had the denominator remained constant, unemployment would have been 10.4%. Overall, 1.7 million Americans left the workforce in the second half of 2009, which was a 1.1% decline, and the workforce as a percentage of total population hit the lowest point since 1985.”

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One Response to “Legal Jobs – It’s Under-employment now – not unemployment”

  1. With the instability of the job market still a factor, associates need to take some steps to maintain their current positions while they consider a move to another firm.

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