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Are there IT jobs in Silicon Valley?

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  • Are there IT jobs in Silicon Valley?

    I like that article - it comes with lots of statistics:

    Job vacancies in technology keep expanding month over month, and year over year according to two monthly reports that track and report employment opportunities, supply and demand rates and job titles in demand.

    Job openings for technology professionals continue to grow significantly from the same time last year. Silicon Valley continues to see a resurgence of job opportunities with a 61 percent increase from November 2009 at more than 4,600 openings in the region, according to a monthly report from technology job board Dice.

    Other regions increasing job opportunities from last year include Chicago (51 percent) with 3,050, Seattle (78 percent) at 2,340, Atlanta (58 percent) with 2,329 and Dallas (41 percent) with 2,145. Additional regions have grown in the 25 to 40 percent range including Washington D.C. (26 percent) with 8,392 job openings, New York metro area (31 percent) with 8,545, Boston (34 percent) with 2,543, Philadelphia (35 percent) with 2,059, and Los Angeles (38 percent) with 2,931.

    The increase in job openings for technology professionals is further confirmed by a monthly report released by the Conference Board, a non profit business advocacy organization that tracks online job vacancies from a spectrum of job sources.

    “In this slow economic recovery, the October rise is welcome news that the trend in labor demand continues to move in a positive direction, albeit at a very moderate pace,” said June Shelp, Vice President at The Conference Board in a statement. “The October increase reflected a moderate rise in a range of occupations and geographically across the nation. The slow but steady upward trend of the last seven months points to modest growth in employment through the end of 2010.”

    Job openings have increased across technology management, health care management and computer systems engineering jobs. Management job vacancies increased by 20,200; Computer and mathematical sciences jobs increased by 14,500 with demand for systems analysts, software engineers, and web developers.

    Across all industries job openings increased over 113,000 to 4,409,800 in October after an increase of over 59,000 in September. The supply and demand rate is 3.44 unemployed for every job vacancy which is down from last year’s peak in October of 4.73 unemployed for every job vacancy.

  • #2
    My personal impression - we have the best job market since collapse of the Internet Bubble in the end of year 2000.

    Another reference, which confirms that is data published on IT Employment Index:

    Here is the latest report for February 2011:


    • #3
      Job Market Booms In Silicon Valley

      As the bleak June jobs report released Friday continues to settle, a ray of sunlight is peeking out from sunny California. Thanks to a flood of venture capital and angel investor dollars, employment rates in certain sectors of Silicon Valley have seen a dramatic increase in recent months, creating a booming job market for tech wizards.

      "It's surreal in the Valley, compared to the rest of the country," said Harj Taggar, a partner at startup incubator Y Combinator. "It's so hard to hire people here -- and salaries for engineers are going through the roof."

      The market for software engineering talent in particular is very strong, according to Anand Sanwal, CEO and co-founder of CB Insights, a venture capital database.

      "That's where you see that demand -- it's for very specific programming expertise. That could be folks who can do hard-core algorithms or front-end development or web design. Those will be the primary areas where demand outstrips the supply."

      By way of an explanation, Sanwal pointed to a recent report that detailed a considerable increase in both deals and dollars in the first quarter of this year: Venture capital companies made 738 deals and spent $7.5 billion from January to March of 2011, a $1.6 billion increase from the same quarter last year.

      Of those deals, the report showed that 46 percent were for seed and series A rounds of funding, stages during which companies are likely to build out their teams and hire developers.

      Russell Hancock, the CEO of Joint Venture: Silicon Valley Network, an industry coalition, spoke to the broad decrease in unemployment in the Valley.

      "The area's overall unemployment rate is now at roughly 8.5 percent -- a drop from 11 percent 18 months ago," Hancock said, citing his own research. The valley is "up to roughly 48,000 jobs in internet companies -- and that number now exceeds what it was during the dot com boom," Hancock added.

      The hottest jobs, he said, are those in "cloud computing servers, mobile devices, standard IT and new social media -- companies that are providing websites as a tool for commerce. "

      Hancock noted that jobs in the "professional and business services" category -- a tech-heavy sector -- grew considerably in the first three months of the year, adding 1,100 jobs in a single quarter.

      As a barometer of just how much the sector has grown, according to data from StartupHire, an online job board for startup companies across the U.S. that has over 13,000 listings, the number of current open positions in Silicon Valley is 79 percent higher than it was this time last year. Silicon Valley currently has 48 percent of all the board's open jobs listings in California.

      Steve Roberson, a StartupHire co-founder, said finding "an engineer that has some experience in web or mobile is more challenging than ever."

      "From our perspective, companies can't enough of them."