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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: brushwud who wrote (177924)	5/11/2004 2:44:42 PM
From: Lizzie Tudor	Respond to of 186894

Well, it is difficult to come up with hard statistics for employment currents that industry people know to be true but this piece from the federal reserve is fairly enlightening imho. The bust. As the IT bubble deflated, so did the Bay Area economy. Since hitting a peak in December 2000, total nonagricultural employment in the Bay Area has plummeted by 350,000 jobs, or 9.5% (data are through August), far exceeding the 2.0% decline in employment recorded nationally; about half of these lost jobs were in the IT sector. As seen in Figure 1, these losses have all but eliminated the employment gains accumulated during the IT boom, returning Bay Area payrolls to early 1998 levels. frbsf.org