Where are the Jobs?

U.S. companies modestly added jobs in August, easing concerns that the nation might slip back into a recession. The latest jobs report was better than expected. Employment in the private sector rose by 67,000 payrolls, after a revised 107,000 increase in July that was more than originally estimated. The report was neither good nor bad news.

It will certainly take a while before unemployment falls to pre-recession levels. Fortune interviewed Adecco (AHEXY) CEO Tig Gilliam, the world's largest temporary employment company by sales. (click HERE for full article).

Highlights from the World’s largest temporary employment company:

The reality is that the job market is recovering. It has improved over the last couple months at a slower rate than it was recovering in the first quarter. But people have gone down the deep end, saying we could expect a double dip.

Adecco’s view is that economic recovery is coming. The jobs recovery is following behind it and we see that in the temporary employment numbers.

Also, companies don't hire aggressively until they have employees already on board working full-time.

Where are the jobs today?

The volume of temporary jobs is coming first for people with manufacturing and supply chain-related skills. That's normal because it's related to the inventory cycle. Companies have worn down their inventory. They've cut costs as much as they can and now they have to build product. As they build inventory and gain a little more confidence in the recovery, they'll decide that they're going to have to add more people to take orders in customer service. So it goes from industrial to professional skills.

Five years from now, where do you see the hiring?

If you're looking long-term where the growth prospects are, it's in the professional skills category. One of the growth areas is related to clean energy initiatives – whether it's wind turbine projects or solar projects. Just as the last 20 years we saw a shift toward services I think over the next 10 years the level of education and the level of professional skills for jobs will continue to increase

The post-recession job market is going to look more service-oriented and require a more professional services skill set than it did before. Professional skills, which include jobs in finance, accounting, healthcare, information technology and engineering, require more education.

An interesting look at the employment picture from a guy on the “inside”. If you’d like to look “inside” your economic future – click HERE for a free Road Map.