Well, in what should not have been a surprise to anyone, from economists at the Federal Reserve down to an eighth grader, US employment increased during the month of September.

Further, what should not have been a surprise to anyone, but apparently was, August job figures were significantly revised. Originally, the US Department of Labor had estimated that the economy added only 4,000 jobs during the month of August, a huge drop from previous months. Everyone lost their minds and senses over the report. They were therefore relieved that the Federal Reserve ended up dropping the fed fund rates, in mid-September.

I didn’t see one quote from anyone saying that they were skeptical of the August numbers; I was, I was very skeptical, so now of course I wish I had actually said so, so that now I’d be considered a genius.

Anyway, the August numbers were revised – employers added 89,000 jobs in August, not 4,000, and added 110,000 jobs in September. (Yes, the September number is an estimate, just like August’s was. No, I don’t know what the real September number will be, but I bet it’ll be a lot closer to the estimate …)

Further, 93,000 jobs were created in July instead of 68,000 it previously reported

OMG, who is doing their data collection???

So, now everyone will start worrying about what the Fed’s next step will be. Will it continue to drop rates, fearing a recession, or will it pause, fearing inflation?

I don’t know. But, I can’t wait to read endless analyses about it, over the coming weeks!

Source: Strong job growth eases recession fears – By Glenn Somerville, Reuters

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Updated:  1st Q 2018

Author Profile

John Ford
John Ford
EXPERIENCE

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.



HISTORY

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.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
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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