Silicon Valley Jobless Quit Tech

31 Jul 2009 /
Silicon Valley Unemployment Chart

SUNNYVALE, Calif. — Jobless workers in Silicon Valley are giving up on the region’s dominant technology industry and trying to switch to other fields, as the area’s unemployment rate spikes above the national and state average.

Silicon Valley’s unemployment rate — which was below California’s average and largely tracked the national average last year — has soared, surpassing the state average in May. By June, the area’s unadjusted unemployment rate was 11.8%, worse than California’s 11.6% and the national rate of 9.7%, according to the latest figures from California’s Employment Development Department.

Many of the jobless techies are targeting new gigs in the clean-energy or health-care industries . . . Some are shifting even further afield, looking for jobs in teaching or financial consulting. People are leaving tech as “more tech companies are offshoring and some are shrinking, plus people are burned out and tired from having been there and done that.”


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