Bureau of Labor Statistic vs. the "30,000" jobs figure

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mpj_3050
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Bureau of Labor Statistic vs. the "30,000" jobs figure

Postby mpj_3050 » Fri Dec 10, 2010 12:52 am

I am applying for the class of 2014 and looked up the government's attorney outlook stats. Obviously being a 0L I don't know too much but this something that all of us worry about. Someone else posted a thread about the "30,000" new legal jobs per year but this figure seems suspect with regards to government data. The government statistics cite a probable growth rate of 13 percent between 2008-2018. The BLS data projects an increase in employment of 98,500 jobs.

Is there something I am missing here? I keep hearing the 30,000 vs. 44,000 jobs/graduates but the BLS info paints a horribly bleak picture. I am just wondering how to reconcile these two vastly different figures.

It states that the industry will grow at an average rate but competition will be keen of course.

Hope I posted in the right forum - didn't want to post in the current students/OCI discussion.

Here is the link, just hoped that someone can help ease my fears or offer some encouraging words.
--LinkRemoved--

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AreJay711
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Re: Bureau of Labor Statistic vs. the "30,000" jobs figure

Postby AreJay711 » Fri Dec 10, 2010 12:56 am

13% over 10 years is pretty solid. There are people retiring too. Population isn't growing anywhere near that fast.

Edit 2:
Employment of lawyers is expected to grow 13 percent during the 2008-18 decade, about as fast as the average for all occupations. Growth in the population and in the level of business activity is expected to create more legal transactions, civil disputes, and criminal cases. Job growth among lawyers also will result from increasing demand for legal services in such areas as healthcare, intellectual property, bankruptcy, corporate and security litigation, antitrust law, and environmental law.
Last edited by AreJay711 on Fri Dec 10, 2010 1:05 am, edited 2 times in total.

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booboo
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Re: Bureau of Labor Statistic vs. the "30,000" jobs figure

Postby booboo » Fri Dec 10, 2010 12:58 am

The numbers probably are bleak as the BLS suggests, but it also doesn't take indicate the amount of people who leave versus those who enter. So though the total amount will increase to approximately 860,000, we don't know exactly how many left the profession to make spots available for the burgeoning lawyers.

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mpj_3050
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Re: Bureau of Labor Statistic vs. the "30,000" jobs figure

Postby mpj_3050 » Fri Dec 10, 2010 1:06 am

booboo wrote:The numbers probably are bleak as the BLS suggests, but it also doesn't take indicate the amount of people who leave versus those who enter. So though the total amount will increase to approximately 860,000, we don't know exactly how many left the profession to make spots available for the burgeoning lawyers.


Hopefully people can retire but with mega-recession I am curious to know how many are going to be able too. The boomers already at or extremely close to retiring age but I just hope that our generation can still hustle and find some sort of legal employment in the future.

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NoleinNY
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Re: Bureau of Labor Statistic vs. the "30,000" jobs figure

Postby NoleinNY » Fri Dec 10, 2010 1:27 am

Logan & Run LLP ftw?




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