Unemployment in Silicon Valley higher than after dot-com bubble burst

Not that it lessens the blow any, but it's worth mentioning that these figures are across the entire employment spectrum. Some of the commenters mention large hits in management, but it can also represent the freefall in construction and other especially vulnerable blue collar/service industries.<p>Probably because I am in the midst of starting my own job search and targeting SF/SV, I got a little unnecessarily worried. This is not a tech job specific figure.

I personally don't see this myself. I work for a profitable startup in SF and we've had a hell of a time finding good hires. The problem may be that we do PHP development and the market is saturated with ex-lifers who are Java and .NET aficionados. I know a handful of other startups feel the same way.

As my cousin says, "unemployment payments mean that my startup is funded."

Last time everyone left for Austin... where's everyone going now. I don't really see the same kind of departure.

Bubble was a equity problem, not something affecting the general public.