February 2011 Newsletter
As has been the case for the last several quarters, the number of applicants per position has risen. The process of sorting through numerous, unqualified applicants can be extremely tedious. Because of this, the cost of a hiring decision is estimated to be up to four times the salary of the position.
Unfortunately, law school graduates are still in a precarious position. It is estimated that 2011 might be even worse for hiring new graduates than 2010. There are still problems with the economy. A whopping 24% of homeowners are underwater and unemployment is at the longest drought on record, staying over 9.5% for over 15 months. 8 million jobs were lost from November 2008 through November 2010.
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