According to this article by the National Journal’s Karen Sloan, NALP* reports that “within nine months of graduation … less than 60 percent of [2012 law-school graduates] had landed permanent, full-time jobs that required bar passage.” Further, 12.8% of the members of the 2012 class are unemployed. The employment rate for new law-school graduates has fallen for five straight years (though the actual number of jobs for new graduates was up slightly from a year ago).
* NALP was formerly known as the National Association for Law Placement but is now apparently an orphan acronym.