The national unemployment numbers came out today, and there was some good news and bad news in there.

The bad news was obvious – another 539,000 jobs disappeared in April, and the national unemployment rate went to 8.9 percent, up four-tenths of a point. This is the highest it’s been since 1983.

The Economic Policy Institute, a left-leaning think tank in Washington, declared that the numbers don’t deliver “the hopeful signs that many are looking for.”

Ah, but others saw reasons to be cheerful. Economist Sung Won Sohn, noted that the rate of job loss is slowing. He said “the worst is behind us.” In March, for instance, the job loss was nearly 700,000.

No one is predicting a quick end to the recession. Even by the most optimistic scenarios, unemployment will keep rising for quite some time.

Here’s a story about the unemployment numbers from the New York Times.

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.


Back Bay

Beacon Hill

Charles River Park


North End

South End

Seaport District

South Boston



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.

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



Call Now