Post-Grad Jobs and the Economy Forum

[1republic]

This might be a stupid question, but is there hope that this is the worst the economy will get before jobs start to increase? Hoping that after 3 yrs, it will be easier to find a job after law school. Wishful thinking?

[im_blue]

You'd better hope the economy picks up in less than 2 years, since if you start law school in Fall 2011, you'll be doing OCI in Fall 2012.

[4for44]

You'd better hope the economy picks up in less than 2 years, since if you start law school in Fall 2011, you'll be doing OCI in Fall 2012.

+1 law hiring lags economic recovery

[jazzman]

Take it from me, there is no reason to suspect the economy to improve over the next 2 years. The country's GDP might have hit a technical lowpoint last summer, however there is going to be little growth in our economy for the next 5-7 years. Bernake is trying to spur the market via fiscal policy (such the governemnt purchasing of securities) which is why we've seen a rally in the S&P this summer.

The fact remains, unemployement is over 9%, but this doesn't even really encompass the true picture. This doesn't include part-time workers, people dissatisfied with their jobs, and people who are unemployed but are not actively looking for work. The figure of unemployment, job dissatisfaction, and displaced educated workers who are earning minimum wage is more like 15%-17%. Couple this with the fact that we are pulling out of a war, and millions of soldiers will be coming home in the next couple years, and we will be facing a severe problem.

The current national debt, the state of Europe, and all the bad debt out there in the private sector must be reconciled at some point and we are just kicking the can down the road with the policies being practiced by the governments in play.

We are simply living in a different world now and we will never see growth like the previous century again.

[jwrash]

Take it from me, there is no reason to suspect the economy to improve over the next 2 years. The country's GDP might have hit a technical lowpoint last summer, however there is going to be little growth in our economy for the next 5-7 years. Bernake is trying to spur the market via fiscal policy (such the governemnt purchasing of securities) which is why we've seen a rally in the S&P this summer.

The fact remains, unemployement is over 9%, but this doesn't even really encompass the true picture. This doesn't include part-time workers, people dissatisfied with their jobs, and people who are unemployed but are not actively looking for work. The figure of unemployment, job dissatisfaction, and displaced educated workers who are earning minimum wage is more like 15%-17%. Couple this with the fact that we are pulling out of a war, and millions of soldiers will be coming home in the next couple years, and we will be facing a severe problem.

The current national debt, the state of Europe, and all the bad debt out there in the private sector must be reconciled at some point and we are just kicking the can down the road with the policies being practiced by the governments in play.

We are simply living in a different world now and we will never see growth like the previous century again.

The U.S. has roughly 250,000 troops deployed worldwide, less than half of which are involved in the wars in Iraq and Afghanistan. There are not "millions of soldiers coming home in the next couple years." That statement was not only categorically wrong, but completely irrelevant to the future of the American legal market.

Also, your comments regarding debt do not have anything to do with job growth in the private sector. The fact that corporate profits have been trending upwards should provide a relative degree of hope that hiring will pick up as companies become increasingly more confident. --LinkRemoved--

When it comes to the economy and public policy, I would suggest educating yourself, at least on an elementary level, before commenting on issues in a public forum.

[tourdeforcex]

jwrash, a little harsh but thank you for posting the response.

it's good to know there are critical people out there that read and look to fix and enlighten.

[mapes]

Bernake is trying to spur the market via fiscal policy

Wrong on spelling and what fiscal policy is...