01/19/2009 05:12 am ET Updated May 25, 2011

Tech Sector Finally Hit With Job Losses

In the fine print of a jobs report published today is some mixed news for Silicon Valley.

For the first time in this downturn, the region lost jobs; it has 4,000 fewer jobs than it did a year ago at this time, and its unemployment rate is 7 percent, according to the Center for the Continuing Study of the California Economy, which analyzed the California Bureau of Labor jobs data.

That rate compares favorably to California over all, which has an 8.4 percent unemployment rate, the research firm reported.

Read more on Bits