California's IT industry created just one tenth of the jobs in 2001 that it generated the previous year, a study has found, and the volatile tech market is to blame.
Figures from the Cyberspace 2002 survey conducted by AeA, formerly the American Electronics Association, show that during 2001 the state's IT industry created just 12,400 new positions, compared with 113,000 in 2000, a growth rate of just 1.3 per cent.
California also exported $11bn less hi-tech material in 2001 than the previous year.
The study did not take into account dotcom losses because most of these positions were in retail, the group said.
In catchment areas for Silicon Valley itself, unemployment stood at 7.1 per cent in May this year, compared with just two per cent in May 2000.
AeA said that, as computer manufacturers laid off staff, services companies had recruited, thereby softening the blow.
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