Friday, February 1, 2013

Legal Sector Loses 2,400 Jobs in January



















The legal sector lost 2,400 jobs in January, according to seasonally adjusted preliminary employment data released Friday by the U.S. Bureau of Labor Statistics.

The losses effectively wiped out all the jobs the industry gained in December—a figure that Friday's report revised upward to 1,900 from an original estimate of 1,000. The latest BLS report also revised the agency's November estimate from 200 jobs lost to 1,000 jobs gained. 

Factoring in the most recent adjustments and revisions, the legal sector now employs 6,500 more people than it did at the same point last year. And though the 1.125 million people currently working in legal services jobs make the sector's workforce the biggest it's been since May 2009, the industry has still shed about 50,000 positions since its precession peak. 

Overall, though the nation's economy added 157,000 jobs in January, the unemployment rate rose slightly, from 7.8 percent to 7.9, according to Friday's BLS report. The total number of jobs the economy added in December, meanwhile, was revised upward from 155,000 jobs to 196,000.


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