Dude, where’s my bailout? A few weeks ago, Harvard Business School mounted its own emergency rescue mission on Wall Street. In the school’s first intervention on behalf of newly minted graduates, 7 Harvard career coaches flew to New York to huddle with 18 members of the Class of 2008 who had taken jobs at troubled firms like Lehman Brothers and Merrill Lynch. At last word, most were still working, but didn’t know what the next days or weeks would bring. The ranks of passive job seekers are growing as workers decide now is not the time to look for a new job. There are 9.5 million people out of work and prospects for rising unemployment are expected to continue into 2009. So what’s up with the growing number of job seekers who have decided now is not the time to look for a new job?
