The National Association for Law Placement (NALP) released its latest "Jobs & J.D.s" report, and the news is both good and bad: The good news is that 2022 law school graduates faced the highest employment rate in 35 years; the bad news is that racial/ethnic disparities still persist.

Even though the employment rate increased by 3.5 percentage points to 91.9% for the class of 2021 (up from 88.4% for 2020 graduates) for whom employment status was known—a 0.2 percentage point increase to 92.1% for 2022 graduates is the best employment rate recorded since the class of 1987, when the rate was just slightly higher, at 92.2%, according to the NALP report.