Network Firm News
Lawyers' Joblessness On Rise
Hoovers -- May 31, 2003
Labor Department data show that white-collar unemployment has reached historic levels, 9 percent, an article in The National Law Journal says. The legal profession finds itself with a 1.2 percent unemployment rate, which is the highest since 1997.
That rate may seem low compared with the figures for other professions and industries, but it's a figure that has doubled in the past couple of years and the actual rate is higher than the official one, though it is impossible to say be how much, the article says. * * * And things seem to be getting worse. * * * [L]aw firms across the country have been laying off attorneys, though fields like bankruptcy and litigation have continued to flourish.
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