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Job-Rich Silicon Valley Has Turned Fallow, Survey Finds
by Jeremy at 11:38 am EST, Jan 20, 2003

Silicon Valley lost about 9 percent of its employment from the first quarter of 2001 to the second quarter of 2002. Losses were particularly acute in the areas of software, semiconductors and computer and communications hardware, which lost 22 percent of their jobs. Average pay declined 6 percent.

... the next source of growth will be the biomedical industry ... already the highest concentration in the US.

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