Friday, July 31, 2009

Silicon Valley Unemployment Skyrockets

So with the "green shoots" producing a -1.0% GDP this recent quarter. Let's take a gander at unemployment in the America's tech hub. With unemployment rising above levels during the this recession has caused a major destruction of wealth. With numerous layoffs by the tech giants, there are risks that remain in this recovery. A jobless growth may still be on the horizon until the private sector picks up.
Governments maybe less incline to boost the economy through continued stimulus packages.

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