New law school graduates face tightest job market since the '90s

Crain's Chicago Business reports:

According to the Washington, D.C.-based National Assn. for Law Placement, the class of 2010, the most recent class for which employment data was available, faced the worst job market since the mid-1990s. The employment rate for new law school grads was 87.6%, but only 68.4% had jobs that required passing the bar. More than a quarter reported their jobs were temporary.

Moreover, median starting salaries declined 13% to $63,000 from a year earlier. Salaries at private firms fell even further: a 20% decrease, to $104,000 from $130,000.

Yet, Barack Obama wants federal taxpayers to "invest" more money in people going to law school!