Friday, March 07, 2008

In Silicon Valley, a Flight to Safety -

"In January, the unemployment rate in Silicon Valley's metropolitan areas of San Jose, Sunnyvale and Santa Clara rose to 5.3% from 4.8% a year ago. And while the region added a net 28,000 new jobs last year, that was down from 33,000 in 2006, according to Joint Venture Silicon Valley, a nonprofit group representing local businesses and government agencies. Meanwhile, the unemployment rate in North Carolina's Raleigh-Durham-Cary region -- where Research Triangle Park is located -- was 3.6% in December, virtually unchanged from 3.7% a year ago, according to the state's employment commission."

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