The industry has now added 2,300 positions since the start of the year, despite enduring a stagnant month on the employment front in February, according to preliminary data released Friday by the U.S. Bureau of Labor Statistics.
By Tom Huddleston Jr.April 04, 2014
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In addition to the estimated March figures, Friday’s BLS report also included revised jobs data for February that showed the industry remaining essentially flat on the hiring front that month. Factoring in the 1,600 positions it added in January, the legal sector has now added 2,300 jobs all told since the start of 2014.
The industry currently employs 1.137 million people, 4,000 more than it did at the same point last year.
The broader economy, meanwhile, gained 192,000 jobs last month, but the nation’s unemployment rate remained 6.7 percent. The New York Times notes that the 1.5-point decrease in the unemployment rate over the past two years—it stood at 8.2 percent in March 2012—has allowed the government to slowly roll back its stimulus efforts. Nonetheless, newly installed Federal Reserve chair Janet Yellen said recently that the U.S. job market will likely continue to require the assistance of low interest rates “for some time.”
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