Unemployment Hits New High In Silicon Valley

Though there may be some degree of cushion for IT workers in the US generally, Slatterz writes "The steadily climbing unemployment rate in Silicon Valley has reached a shocking four-year high of 6.6 per cent. Recent statistics indicate that the percentage of unemployed workers in the sunny state of California has increased to 7.7 in August — up from 7.4 per cent in July. Jeffrey Lindsay of Bernstein Research explained that a number of Internet firms were chronically overstaffed."

Comments

simple solution

[jacquesm]

move to India ;)

Re:simple solution

[Bob Uhl]

Instead of India, why not move to the Northeast U.S. or Maritime Canada?

Because then one's in New England or Canada? New England is the land of atrocious accents, cranky people and the nanny state. Canada is the land of the nanny state (nice & polite people, though).

Granted, either's still more familiar than India. But blech. Give me the West any day.

Hmmm ...

[oldspewey]

Guess I better stop reading /. and get to work.

The article is wrong!

[paniq]

These people are not unemployed, they are working at home, preparing Web 3.0!

youre basically saying aussie employers are stupid

[unity100]

there was an ad once, in a major turkish newspaper for a mechanical engineer.

They required that the applicant should have a BS, MS in mechanical engineering in an obscure field, that the applicant knew excellent Russian, English, Turkish and Arabic, s/he didnt have any issues with traveling and the list went on.

The only thing missing in requirements was an astronaut certification.

The ad became famous.

Dot-com bubble burst?

[digitaldc]

Wait a minute, didn't this happen already in 2001?

My advice: learn how to fail on Wall Street and ensure a massive golden parachute for yourself

IT Workers Cushioned From US Economic Downturn

[jstott]

But I thought that IT Workers Cushioned From US Economic Downturn. I mean, I read it on Slashdot just a few days ago!

-JS

Re:Unemployment is only the thin end of the wedge

[hal2814]

"Guess what, those working only 40 hours a day won't get anywhere."

Crap, I only work about 9 hours per day. I need to step it up.

Re:Move to Chicago

[r3b00tm0nk3y]

Dear Mr Coward,

We still haven't heard back from you regarding the position we contacted you about a week or so ago.
We are looking for people post unsubstantiated claims, anonymously to popular web sites.

Please respond as there is a shortage of qualified workers,

Recruiter

Re:Move to Chicago

[Ukab the Great]

There's a shortage of people who have ten years of experience in technologies that have been around for only five years.

Re:One question

[dintech]

With a nick like 'oldspewey', I'm not really surprised. :)

Re:Move to Chicago

[Hognoxious]

Recruiters ask for impossible qualifications, such as 10 years experience with some technology that has only been around for eight

I used to think those ads were there to catch out the liars and bullshitters so they could be blacklisted.

That was when I was young and naìve.