This is one of those infuriating economic reports that drive people crazy. Ready? Here goes:

The state’s jobless rate fell to 7.3 percent last month, from 7.4 percent in August. The national average is 9.1 percent. So far, so good. We like good news.

But a separate “payroll survey” of companies shows Massachusetts lost 2,300 jobs in September. A normal person’s reaction is and should be: Huh? Well, the difference is that the jobless rate is determined by surveys of regular residents at home. The payroll number comes from surveys of companies. Sometimes the results head in opposite directions.

The payroll number can be lower for a number of reasons — people drop out of the workforce and go back to school, people get at-home consulting jobs, or people are working at new start-up companies that are now yet on surveyors’ lists of companies to call. Who knows?

Bottom line: This is all so-so, mixed news, tilting toward disappointing due to the payroll numbers. A few more months of data is needed before it can be figured out whether we’re in a “double dip” recession or not.

File under: Economists. Can’t live with them, can’t live without them

An update: Here’s some good news coming out of Philly Fed. The economy seems to be slowly reviving this month. We’ll see.

Author Profile

John Ford
John Ford

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.


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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.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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