Detailed text transcripts for TV channel - CNN - 20100806:16

Detailed text transcripts for TV channel - CNN - 20100806:16:34:00

about hiring right now. but according to head hunters, wall street is in the middle of a hiring boom, if you can believe that. cnn's maggi lake takes a look at what's behind this, and what it could mean for the broader economy. >> richard steen has been placing executives in high-powered finance jobs for more than 25 years. he has seen boom years and busts for his industry. he says 2010 is definitely one of the good years. >> well, we're seeing a lot of rapid growth since the second quarter. this is traditionally a quiet time for wall street. but we have never been busier. we have been contacted by the ceos and a number of wall street firms that are hiring in a number of areas. >> after shedding more than 25,000 jobs during the worst of the recession, wall street firms added 2000 workers to the pay rolls between february and june. steen says global giants like goldman sachs, credit suisse and deutsche bank are all beefing up staff in new york. as are smaller, boutique firms, like investment bank, centerview partners.

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