One fundamental observation - Silicon valley local economy is getting very hot. There are very few skilled workers available in the valley and tons of jobs to choose from. Good news for those who were complaining that their jobs were taken away from outsourcing - Now there's plenty to choose from, that is if you are skilled ! For the first time since 2001, the wages for tech workers have started to move up.
Today's payroll and wage increase numbers confirm my observation based on the anecdotal evidence.
Now this huge number should cause a lot of confusion in the pits today. Anyway, these emploment fridays are rarely one way streets and should result in some crazy volatility today !
Edited by NAV, 05 January 2007 - 08:43 AM.