TG: From what I’ve been reading, most experts believe that this compromise deal—or something close to it—will likely pass in the Congress. There’s simply too much momentum to do this, detractors notwithstanding. If we do not get specific legislation passed to drive job growth, our Congressional and corporate leadership will have failed the American people
LL: What industries are you seeing pent up demand for jobs?
TG: Right now, we are seeing job growth across several sectors. As is typical for the early stages of most recoveries, manufacturing temporary jobs have seen a real uptick in late 2010 as production schedules get back on track. In this recovery, just like previous recoveries, the demand begins in temporary and contract assignments before moving to permanent jobs. The current holiday season has really boosted retail temporary hiring and we're seeing a significant year-over-year increase in job opportunities in that space.
More broadly speaking, however, professional services jobs in areas like IT, accounting and engineering are experiencing growth. We experienced this dynamic in this past month's jobs report which documented over 50,000 new jobs for the professional services sector, and we also anticipate this portion of the labor market to grow in 2011.
LL: Will those areas be the first to hire?
TG: Interestingly enough, businesses are hiring. The catch– and it’s been this way for a while - is that uncertainty is discouraging employers from hiring full-time and permanent workers. It is a boom time for temporary and contract work. In our wait-and-see economy, companies are careful. They are filling powerful benches for when there’s more trust in the economy. Many of the jobs we place people in will absolutely translate eventually to permanent positions as we see the economy turn.
In America, sustained economic growth requires jobs. If we don't fix the job situation, our economic recovery is at risk. With 70 percent of GDP driven by consumer spending, we need employed and confident spenders to keep the economic recovery on track.For this reason, job creation must be our first priority—and this week’s Administration announcement is an excellent step in that direction.
LL: There was a lot of doubt President Obama could move toward the center on such issues. Were you surprised? Are you hopeful the President will move center on other issues?
TG: I’m not a political pundit, so I’ll defer to others regarding the political calculus of this deal. I will say, however, that a strong jobs focus and compromise tax deal could set a good tone in Washington for other bipartisan legislation in 2011. I think most Americans are looking for solutions from Washington, and this is a good first step.
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A Senior Talent Producer at CNBC, and author of "Thriving in the New Economy:Lessons from Today's Top Business Minds."