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Silicon Valley Now Fully Recovered From Dotcom Bust

In advertising, the job market is often the last place to recover from a recession, and technology follows this rule as well, it seems. The Wall Street Journal reports that after four years, Silicon Valley, the cradle of the Internet technology boom, finally had a net increase in jobs in 2005. A new study from measurement firm Joint Venture says that the period of restructuring is over, and Silicon Valley's tech jobs now comprise 14 percent of total regional employment, significantly higher than its 2 percent share of total U.S. employment. Salaries are also way above the national average of $35K: the average per-capita income in Silicon Valley is $56,633. Another reason for the personnel hike is that two of the region's biggest employers, Apple Computer and Google, had a stellar year and hired many more employees.

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