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Unemployment Hits New High In Silicon Valley

Posted by timothy on from the booms-and-busts dept.

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."

6 of 338 comments (clear)

  1. simple solution by jacquesm · · Score: 5, Funny

    move to India ;)

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  2. Hmmm ... by oldspewey · · Score: 5, Funny

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

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    If libertarians are so opposed to effective government, why don't they all move to Somalia?
  3. IT Workers Cushioned From US Economic Downturn by jstott · · Score: 4, Funny

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

    -JS

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  4. Re:Unemployment is only the thin end of the wedge by hal2814 · · Score: 4, Funny

    "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.

  5. Re:Move to Chicago by r3b00tm0nk3y · · Score: 4, Funny

    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

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  6. Re:One question by dintech · · Score: 4, Funny

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