Silicon Valley Helping California Recover - NBC Bay Area

Silicon Valley Helping California Recover



    Silicon Valley Helping California Recover
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    Silicon Valley tech companies are on a hiring binge.

    Thanks to area tech giants like Google, Facebook, and Twitter, California's economy is getting some much needed repair.

    According to the Merc, the valley added 4,500 new jobs to the growth spurt. In all, the state added 96,500 jobs in February. This is the largest one-month gain in over 20 years for the Golden State.

    "We're in growth mode. There's no question," said economist Stephen Levy of the Center for Continuing Study of the California Economy.

    According to City Town Info, Google says it plans to add more than 30,000 employees to its workforce, which is speculated to be the largest round of hiring since 2007.

    Facebook will be moving to a larger campus this summer, which can house 3,600 employees. The social network currently has more than 2,000, and has been growing at a rate of about 50% a year.

    And not to be left out, Twitter is doing its part to add to the employment growth. Twitter had just 140 characters working for them a year ago, and now employs over 400. It's believed they will have 3,000 by 2013.