The very last statement of the Mortgage Matters newsletter really says it all:
"So rising rates are a mixed blessing, but a blessing that in the grand scheme of things will prove beneficial."
There is a lot of surprise in the market that employment went down though the number of new jobs was lower than expected. Interesting twist provided to this information is share. I am not sure lower participation in the economy can ever be a "good thing".
Only when a lower employment rate equates to more people adding to the country's output is it a truly good sign.