|Updated: 5/16/2006; 10:00:54 AM.
|Ken Novak's Weblog
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Tuesday, January 15, 2002
Silicon Valley in 2001
- the region lost 25,000 jobs, or 1.8 percent of its work force, during 2001
- wages fell for the first time in nine years, compared to growing 22% in 2000
- the amount of available commercial real estate is at the highest it's been in nine years
- venture capital funding tumbled to $6 billion in 2001, down from a high of $21 billion in 2000.
- productivity jumped 4.6 percent during the year
- Patent awards jumped in the last decade. Although the region comprises only 1 percent of the nation's population, residents were awarded 8 percent of all U.S. patents in 1999, up from 3 percent in 1990
- The bottom may have been reached: the area's unemployment rate dropped to 6.1 percent in December, down from 6.6 percent the prior month
Copyright 2006 © Ken Novak.
Last update: 5/16/2006; 10:00:54 AM.