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As reported by the Law Blog via WSJ, the latest law school graduate employment figures put out by the American Bar Association point to a job market that hasn't changed much over the past year.
The good news: Law schools reported that 57% of class of 2013 graduates landed long-term, full-time jobs for which passage of the bar exam was a prerequisite. That’s a slight increase over 2012 when 56.2% of students in that year’s class were employed in those types of jobs.
At the same time, the percentage of class of 2013 graduates reported as unemployed and seeking employment grew to 11.2% from 10.6% the year before.
Graduates were able to maintain what was essentially a holding pattern last year despite a record number getting diplomas. At 46,776, the 2013 graduating class was about 400 students larger than the class before.
The class of 2013 appears to represent the tail-end of an enrollment spike that is expected to vanish in coming years as smaller incoming classes move through.
As Law Blog observed earlier, the shrinking class sizes moving through the pike could help lift the employment rates, with fewer students competing against each other for jobs.
What do you think? Is this information discouraging or is this useful with a potentially undercrowding job market the light at the end of the tunnel?