Salaries Up, Jobs Down in Silicon Valley

The number of high-tech jobs in Silicon Valley industries declined by 86,000, or 16.5%, between 2001 and 2008, according the U.S. Bureau of Labor Statistics.

In a study on employment trends, the bureau identified 11 industries as high-tech employers in Silicon Valley and then assessed changes in their workforce and payroll numbers after the 2001 dot-com bust.

The BLS found that while payrolls in those industries increased by nearly 36% between 2001 and 2008, only three of the 11 industries -- aerospace, pharmaceuticals and scientific research -- boosted their Silicon Valley workforce numbers.

The results may suggest that those who "continue to be employed in Silicon Valley are a higher skill-set people," said Mark Roberts, executive director of the TechServe Alliance, an IT services trade group. "Silicon Valley may well be shedding individuals that possess lower skills [and do] work that can be performed in other areas of the country."

This version of this story originally appeared in Computerworld 's print edition.

This story, "Salaries Up, Jobs Down in Silicon Valley" was originally published by Computerworld.

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