Nationally, high-tech jobs grew by about 4 percent from 2001 through 2008, according to the government, but this figure doesn't include the decline in tech jobs through the first six months of this year. IT employment peaked at just over 4 million last November, but had declined to 3.82 million by June of this year.
Another indicator of flagging job growth is the flatlining demand for H-1B visas . In May, the U.S. Citizenship and Immigration Service received approximately 44,900 visa petitions toward its 65,000 H-1B visa cap. Demand has slowed since then, and by last month only 45,000 of those visas had been claimed.
Despite the employment trend, the federal study did point out that Silicon Valley remains "at the cutting edge of innovation." According to the U.S. Patent Office, in 2008, 11 of the top 20 U.S. cities with the most registered patents were in Silicon Valley.