HELSINKI (Reuters) - Janel Landon, who runs a small PR consultancy in Chicago, has long been aware of the potential of online networks: now in her mid-50s and facing a global recession, she's decided to sign up.
“Given the state of the economy, I recently decided to jump on board," Landon told Reuters. “Professional networking is a 'must do' during unstable economic times."
The economic crisis slamming firms across the globe has sparked a spike in usage of professional networks—Xing and LinkedIn are key sites—as people hedge against losing work and laid-off employees seek jobs.
U.S. unemployment hit a new 14-year high in October and according to online job advertising firm Monster, recruitment activity on the Web plunged to its lowest level in nearly three years. Jobless rates are also rising in Europe.
Traffic on the world's top professional Web networks has surged since the financial crisis started to make headlines, with top player, privately held LinkedIn, notching 25 percent more registrations in September than forecast.
“Nobody has ever seen anything like this before," said Kevin Eyres, head of LinkedIn's operations in Europe. “Now we are growing by almost one new user each second."
“Given the state of the economy, I recently decided to jump on board," Landon told Reuters. “Professional networking is a 'must do' during unstable economic times."
The economic crisis slamming firms across the globe has sparked a spike in usage of professional networks—Xing and LinkedIn are key sites—as people hedge against losing work and laid-off employees seek jobs.
U.S. unemployment hit a new 14-year high in October and according to online job advertising firm Monster, recruitment activity on the Web plunged to its lowest level in nearly three years. Jobless rates are also rising in Europe.
Traffic on the world's top professional Web networks has surged since the financial crisis started to make headlines, with top player, privately held LinkedIn, notching 25 percent more registrations in September than forecast.
“Nobody has ever seen anything like this before," said Kevin Eyres, head of LinkedIn's operations in Europe. “Now we are growing by almost one new user each second."
