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April 2003:

<<I'm in the biotech sector which is an important industry here in San Diego especially for the high income sector. To give you an example of the shape this industry is in for a job opening (Ph.D. level) posted on our web site only we got >100 applications!!!! And the company I work for just had a major setback itself and we are laying off 50 people (ca. 10%).>>

I would say the job market has stabilized since then, i.e. no new major lay-offs or companies running out of money, but hardly any new hiring as well.

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