In this paper, we investigated the steady-state analysis of the squeezing and statistical properties of the light generated by N two-level atoms available in a closed cavity pumped by a coherent light with the cavity coupled to a singele mode vacuum reservoir. Here we consider the noise operators associated with the vacuum reservoir in normal order. Applying the solutions of the equations of evolution for the expectation values of the atomic operators and the quantum Langavin equations for the cavity mode operators, we obtain the mean photon number, the photon number variance, and the quadrature squeezing. The three-level laser generates squeezed light under certain conditions, with maximum global squeezing being 43%. Moreover, we found that the maximum local quadrature squeezing is 80:2% (and occurs at = 0:08). Furthermore, our results have shown that the local quadrature squeezing, unlike the local mean of the phonon number and photon number variance does not increase as the value of increases. It is also found that, unlike the mean photon number, the variance of the photon number, and the quadrature variance, the quadrature squeezing does not depend on the number of atoms. This implies that the quadrature squeezing of the two-mode cavity light is independent of the number of photons.