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WallStJobs.com says activity up amid turbulence

September 17 2008

WallStJobs.com said Tuesday it recorded a 17% rise in the number of new and updated candidates on its job site just two days after this week's tremors in the financial services industry that included Lehman Brothers Holdings' bankruptcy. New York-based WallStJobs.com also reported an increase in the length of time employers spend on the site.

"Not only are we seeing an uptick in, say, candidate volume on the site," said founder Robert Graber, "we're also seeing our clients delve into the resume database."

Much of the client activity is coming from middle market and boutique firms, Graber said.

"Many of these firms are now able to approach candidates who would otherwise only move to large institutions to take similarly structured positions," he said. "As the employment landscape continues to change, many of those transitions are no longer possible."

However, if the number of layoffs increases in the next few weeks, it could become more difficult for some of those workers to find new positions as firms will already have staffed up, according to the company.

WallStJobs.com provides online job board and staffing services in the finance industry.

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