Let’s put things into perspective.
In the last year, the U.S. economy lost 3.4 million jobs or 2.2% of the labor force. In the ’81-’82 recession, 2.4 million jobs were lost-fewer in numbers, but the labor force was smaller. So ’81-’82 total job losses were at 2.2% of the labor force,the same as today.
Now let’s compare the above numbers with the Great Depression. In 1930 the economy lost 4.8% of the labor force. And in 1931, 6.5% and by 1932, 7.1%. Jobs were being lost at double or triple the rate of today. And our current unemployment rate is presently three percentage points below 1982 which was at one point as high as 10.8%.
Just thought you would like to know.
Source: The Wall Street Journal
Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs
In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.
For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.
Charles River Park
Surrounding Communities of Boston
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.
Ford Realty Inc
137 Charles Street
Boston, Ma 02114
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