The BLS has issued new report on Silicon valley employment. Bear in mind this report is before this recession.

In 2000 silicon valley had 544,387 techie jobs. By 2004, the California region tech hub had an official drop of 26% to 403,994 high technology jobs.

Now check out the pathetic growth after that. By 2008 the California Bay area had 435,958 technology jobs. That is 20% below the 2000 employment levels.

2002, the year of offshore outsourcing, the area lost 60% of the jobs.

While Americans go without jobs, India's offshore outsourcing business is booming. In Technology companies are aggressively hiring as business prospects improve, we can see just how many American companies are creating jobs....in India.

Accenture will add 8,000 in India this year alone. That’s a 20% increase. Honeywell will also add 1,000 jobs....again, not in the United States, but in India.