Silicon Valley stagnant

While Clark County is booming, Silicon Valley is still sucking wind, according to the illustrious Mercury News:

The county’s unemployment rate remained unchanged from the revised September rate, 7.6 percent, according to the state Employment Development Department’s monthly report. This meant 69,300 county residents were unemployed in October.

So the nation is adding jobs, the state of California is adding jobs, but Silicon Valley is sitting still. I can see why, given some of the pitches I’ve heard from Valley startups recently. Buyers of hardware and network systems aren’t as gullible as they used to be, so Valley VCs and startups need to wise up just a tad and stop promising the moon when all they really have is a trip to Idaho.

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