Lingering Job Insecurity of Silicon Valley

NY Times: "unemployment among electrical engineers last year, at 6.2 percent, was the highest in 20 years, according to the Bureau of Labor Statistics.
By comparison, the unemployment rate for all workers, skilled and unskilled, averaged 6 percent last year, a much smaller increase from the low point of joblessness around 4 percent for 2000, and well below the 7.8 percent jobless-rate peak of the early 90's.
The persistence of record high unemployment among skilled computer engineers suggests that something beyond the usual up-and-down cycle of business is at work.
'You have multiple effects going on: automation, outsourcing and business strategy all playing a role,'"