RJ and Makay

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A study by the Kauffman Foundation shows that the number of IPOs can directly affect economic growth, according to the study “fast growing entrepreneurial firms create the nation’s most significant employment.” The recent slowdown of IPOs from small companies has “negatively affected aggregate employment.” From 1996 to 2010, 2,766 companies went public in the United States.

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The Consumer Reports Sentiment Index displayed continued weakness in the first part of October, decreasing slightly to 47.6 from 48.8 in September, while showing some hopeful signs of economic recovery.  The 47.6 reading is up from 44.8 a year ago, and the Consumer Reports Stress Index fell to 58.2 this month from 68.2 in September.  Indicators that track recent and planned spending rebounded after a 10-month low in September.

Confirmed job offers in the financial services sector were up double digits last month — 16% to be exact, shows new research from pre‐employment firm Powerchex. There were 82% more job offers in investment banking last month than in February, Powerchex also reports.

Stockbroker firms and investment management firms saw considerably increased recruitment levels, too, up 73% and 56% respectively. There were 23% more IT contractor placements in financial services than the previous month. However, recruitment at hedge funds and insurance firms was down 7% in March, according to Powerchex.