
Various South Bay counties also recorded month-over-month job losses in trade, transportation and utilities.
In addition, the area lost approximately 1,200 jobs related to the faltering financial sector, including eliminated positions in mortgage companies and banks.
Jeffrey Lindsay of Bernstein Research explained that a number of Internet firms were chronically overstaffed.
According to Bernstein, the industry is being forced to consider various methods of increasing economic efficiency during extended periods of slow growth.