Inside views on the jobs market
Selected links from the financial industry’s roller-coast week, which left thousands out of work and even more worried about their future.
Wall Street Journal: B-Schools Move to Assist Alums
The day after Lehman Brothers Holdings Inc. said it would file for bankruptcy protection, University of Chicago’s Graduate School of Business career office had already made personal calls to all of their 26 alumni from the 2008 class who worked at the firm.
Workforce.com: Wall Street Woes Have Recruiters Scrambling as Firms Try to Poach Talent
“It is historic and it is a feeding frenzy,” said Darin Manis, CEO of financial services recruiter RJ & Makay in Colorado Springs, Colorado.
U.S. News & World Report: Where Wall Street’s Unemployed Can Turn
Generally, when you lose your job, you can rely on friends to help you through. But what if all your friends lost their jobs, too?
Crain’s New York Business: NYC unemployment rate surges to nearly 6%
The city’s unemployment rate increased nearly one percentage point last month, indicating that Wall Street’s woes are starting to take their toll on the local economy. At 5.8%, New York City’s seasonally adjusted unemployment rate is still below the national average of 6.1%, but that gap is steadily closing.
MSNBC: Job hunting on Wall Street? The line forms here
Employees at Lehman Bros. and Merrill Lynch better spruce up their resumes fast if they want to move to the head of an ever-growing line of out-of-work Wall Streeters.