More jobs for San Francisco

(KTSF by Lynne Ku)

Some good news for the San Francisco economy was announced today at the annual meeting of the San Francisco Chamber of Commerce. During one panel discussion, chief operating officer of George Hu announced that they will be hiring  from 3,000 to 5,000 new employees. Hu said due to unexpected fast growth, decided to stop its plans for a 2 million-square-foot campus in the Mission Bay neighborhood and instead look for bigger spaces in downtown San Francisco.

San Francisco Mayor Ed Lee who attended the event also announced some good figures for San Francisco saying ”We created  jobs for an additional 17 thousand 300 San Franciscans, bringing our unemployment rate down from 9.5% to 7.6 %. That’s just in one year. ”

There were about 1000 business, civic and labor leaders  attending the  Chamber of Commerce  meeting .

(Copyright 2011 KTSF. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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