A new report screams and cries on how foreigners are not flooding the region in 2009.

Associated Press:

Silicon Valley is no longer able to attract the foreign talent which has been its "lifeblood" and funding innovation through locally raised venture capital and public offerings "can no longer be taken as a given," the report said.

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.

In Silicon valley, the unemployment rate is 11.8%. Now there is also another ghost town brewing, similar to the one during the dot con bust. Rows and rows of empty buildings, empty office space to be exact.