Gradual Recovery: A Glimmer of Hope for Law Graduates
The landscape for recent law school graduates is showing promising signs of improvement. According to recent data released by the American Bar Association (ABA), the unemployment rate for these fresh professionals is on a downward trajectory as the repercussions of the COVID-19 pandemic continue to diminish.
In March, a mere 5% of the law school class of 2023 were either unemployed or actively seeking work, a slight improvement from the 5.3% recorded among 2022 graduates at the same time last year. These figures, disclosed by the ABA’s accrediting arm, the Section of Legal Education and Admissions to the Bar, highlight a subtle yet significant recovery.
Unemployment Rate For Recent Law Grads Improves, ABA Finds: Employment Statistics: A Closer Look
The ABA’s findings offer a deeper insight into the employment status of 34,934 graduates from the class of 2023, with 86.3% (30,160 graduates) securing positions that not only require a law degree but also expect to continue for at least a year. This percentage surpasses the 85.5% employment rate of the previous class, indicating a steady climb in job stability for law graduates.
