As we predicted, mortgage rates firmed up last week, marching upward from their record lows seen on December 1.
“As expected, mortgage rates edged higher [last] week. Some better economic news, some lingering glow from November’s employment report [on December 4], and light investor demand for new Treasury debt boosted [...]
An otherwise fine article from the Wall Street Journal starts with this headline:
"New York Fed Starts To Unwind Stimulus"
You might casually read that headline and assume that the Federal Open Market Committee was mighty impressed by the November employment report—and quick to respond with the first stages [...]
Here are a few more graphs based on the employment report ...
By Spencer,
The [un]employment report headline numbers were ugly, but the internals are even less encouraging ...Hoisted from Comments: "a" writes:
Another Bad Employment Report - J. Bradford DeLong's Grasping Reality with All Eight Tentacles: "If we find ourselves in a financial-meltdown world where unemployment or inflation kisses 10%--then I will unhappily concede, and say that Greenspanism was a mistake." - BDL, 16 July 2008
[...]
The Bureau of Labor Statistics reports:
The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm payroll employment continued to decline (-190,000).... Since the start of the recession in December 2007, the number of unemployed persons has risen by 8.2 million, and [...]
From the 
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