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Five years. january retail sales were surprisingly strong. factory orders were up in december as well. interest rate for mortgages rose to 4.81%. the federal government monthly jobs report comes out friday. there was some positive employment news today. bernardini described economy beginning to regain footing but not creating enough jobs. it appears to strengthen but growth is not fast enough. he noted the job number are ....
Around a 3% to 4% pace this year. so ben bernanke not ruling it out, of course, but saying that what we ve been through means, you know, you ve got to keep that possibility out there. there are some people who say 20% maybe is a possibility of a double dip. others like robert reich former secretary of labor in the u.s. he thinks the job numbers are what are affecting us. let s take a look. i put together a balance, a scale, of good and bad in the economy. let s have a look. on the good side, interest rates remain very low. very low. allows people to buy houses and invest, if you ve got good credit. the average puz 4.81% this week for a mortgage. generally good for people. houses are stabilizing and jobs are growing. you can put a sort of next to housing to housing, but that s potentially good. we ll talk about jobs in a second bp. good because it s sort of and not bad. that s an improvement. let s look at the bad side, though. europe. this whole continuing mess in ....
Means you have to keep that possibility out there. some people who say 20% maybe is the possiblive double dip, others like robert reich, they this is the job numbers are affecting us. i put together a balance, a scale of good and bad in the economy. let s look at this. good side interest rates remain very low, allows people to buy houses, invest in business, if you ve got credit. average 30-year fix rated was 4.81%. unbelievable. that generally good for people. housing is stabilizing and jobs are growing. i put a sort of next to jobs, could you put that next to housing, too, potentially good. we ll talk about jobs in a second. good because it s sort of and not bad. that s an improvement. let s look at the bad side. europe. this whole continuing mess in europe. right. you have a sovereign debt crisis that s a problem and a concern about that wha that means for ....