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The National Conference of Bar Examiners has some data on these groups. Update: LawProf reminded me about two types of lawyers omitted from these calculations: JD graduates of unaccredited schools and foreign-trained lawyers who pass U.S. What are more than 180,000 law school graduates going to do with their JDs if they can't practice law? How are they going to pay off the JD-sized debts they carry? More about that, as well as lawyer salaries, soon. This is an expensive, high-stakes game of musical chairs. It assumes that law schools will maintain greatly reduced class sizes through 2019. It also assumes that no pre-2010 graduate will enter the legal market from unemployment or another occupation. That's 182,212 graduates more than the number of jobs available.
#Labor day by the bay 2012 full#
Three years into the decade, schools have graduated 132,757 JDs-enough to fill 61% of the lawyer jobs available for the full decade. Now let's consider some statistics from the American Bar Association: 21,880 lawyer jobs per year is an optimistic estimate. That is because "the severity of the most recent recession and the slowness of recovery to date" signal departures from the norm. In doing that, the BLS recognizes that its 2020 projections may overstate job openings. BLS bases its projections on normal 10-year business cycles.The projection of 21,880 lawyer jobs per year stems from knowledgeable labor economists scholars should take that estimate seriously. The BLS bases its predictions on econometric models, together with continuous monitoring of the workplace.The estimate, in other words, accounts for the fact that many baby boomers will leave the workforce this decade that some parents will relinquish jobs to raise children and that some practicing lawyers will seek other work.
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The projected openings include labor force departures, as well as new jobs.The BLS estimates that between 20, the United States economy will provide 218,800 job openings for lawyers and judicial law clerks.Why not mark Labor Day by sending this information to law professors and deans you know? LawProf has featured these numbers before, but they bear repeating. In honor of Labor Day, let's revisit some data from the U.S.