Tech Hiring Helps Get California's Hopes Up

Susan Hall

In Seattle after the dot-com bust, all those failed companies couldn't give their fancy office furniture away. (There's a reason they went broke.)


So it's interesting to read about San Francisco, where the number of tech jobs is nearing that of the dot-com peak, reports the San Francisco Chronicle. The city had an estimated 32,180 tech jobs last year, compared with 34,116 in 2000 and just 18,210 in 2004, according to an analysis of state employment data by real estate consultant Jones Lang LaSalle.


In its story about the perks offered to candidates in the fierce talent wars, The New York Times mentions that photo-sharing site Path moved its offices so it could offer sweeping views of the San Francisco Bay.


The Chronicle story quotes Colin Yasukochi, vice president of research at Jones Lang LaSalle, who performed the data analysis, saying of the tech employers, though:

They are far more efficient in their space utilization in the current time than they were back in 2000, when tech firms were leasing speculatively, and had a lot of space for employees that were not yet hired.

The story says that tech companies in 2000 leased an average of 325 square feet per employee. Today that number has fallen to 175.


This Los Angeles Times story is all hearts and flowers about the 96,500 jobs added in the state during February, in large part due to the hiring in the tech sector. The beleaguered state has reason to celebrate. Just 700 jobs were added in the overall economy during January and February's number was the biggest jump since the current record-keeping system began in 1990. (Time for a new system, California?) California's unemployment rate dropped two-tenths of a percentage point in February, to 12.2 percent, from 12.4 percent in January, meaning the state has a striking mix of haves and have-nots.


I wish the Times had better broken out the tech jobs, though. It reports nearly 40,000 net new jobs were created in the professional and business services category, which includes high-tech and temporary employment, and 15,500 were added in the information sector, a category that also includes movie and television production.

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