10 Sep Silicon Valley is shrinking
The number of high-tech jobs in all industries Silicon Valley declined by 86,000, or 16.5 percent, between 2001 and 2008, according a federal study of employment trends in the valley.
In the study released last month, the U.S. Bureau of Labor Statistics (BLS) identified 11 industries as high-tech employers in Silicon Valley and then assessed what happened to them after the 2001 dot com bust. The study found that while paychecks in those industries increased by nearly 36 percent from 2001 to 2008 to an overall annual payroll of some $58 billion, only three of the 11 industries — aerospace, pharmaceuticals and scientific research — boosted their Silicon Valley workforce numbers.
http://www.infoworld.com/d/adventures-in-it/silicon-valley-shrinking-838?source=IFWNLE_nlt_daily_2009-09-09