The legal field closed out the second quarter of 2023 with encouraging data: Its unemployment rate fell to the lowest level in more than a decade.
From Q1 to Q2, legal occupation average quarterly unemployment rates fell from 1.13% to 0.17% for men, 1.6% to 0.67% for women, and 1.4% to 0.43% overall, representing historic lows among all groups.
The legal occupations accounted for in this data include lawyers, paralegals, legal secretaries, support staff, and law clerks.
The positive news comes despite fear-inducing headlines about legal layoffs, artificial intelligence replacing legal professionals, and a recession. ...
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