Unemployed? Take a number... and a pink glow stick bracelet.

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Last night was the third Pink Slip Party. We sent Kashmir Hill, associate editor at Above the Law, to survey the scene. Here are her findings.
The third Wall Street Pink Slip Party had the air of desperation of a singles' mixer. And indeed, most of the attendees were recently separated... from their Wall Street employers.
Approximately 400 people turned up at the Public House in midtown Manhattan last night. The room was packed when we arrived circa 7 p.m. and started to clear out around 8. At the door were reps from the Ronald McDonald House gathering a suggested $20 donation, and handing out glow stick bracelets: pink for the laid off/looking for work, green for the hiring/recruiters, and blue for "neutral." Judging from the blue-bracelet wearers we encountered, "neutral" translates to "hoping to pick up desperate ex-Wall Street babes."
Most of those in green bracelets were recruiters. At the first two parties, there were more in-house HR folks; hiring freezes kept many away this time around, said organizer Rachel Pine of Fastbook.
The Public House was chosen as the venue for the monthly series of Pink Slip parties because one of its owners is a Philadelphia Stock Exchange trader who's sympathetic to those who have moved from the stock market to the job market. Many attendees spent the evening huddled around the long bar. "The best value in coming to the event is the $2 Bud Light special," said one 23-year-old layoff from a buy-side firm, who hadn't talked to many people in green bracelets over the course of the night, but was having success getting fantastically drunk.
The more serious job seekers hovered near booths where two green-braceleted financial services headhunters sat conducting intense one-on-one interviews, reviewing resumes, and handing out cards. Which was out of place and bizarre in the middle of a jam-packed bar, but these are bizarre times. One grey-suited, pink-braceleted 32-year-old, jettisoned by Barclays three months ago, was waiting his turn in line at one of the booths, with a leather portfolio in hand, rather than a drink. There aren't a lot of better options for finding work, he said. "Unless you make this personal connection with the headhunters, they won't look out for you."
Amen. But to make more of a connection, maybe he should try handing them a vodka tonic along with his resume.
Photos, after the jump.

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