The better than expected jobs number and revisions have pushed investors, or at least the media, to talk about a December tapering of QE.
The recent number was good. But there were some signs of concern about the contraction in the labor force and the rise in the unemployment rate. Then the Ben Bernank talked Friday about ongoing slack in the labor market at an IMF panel.
Don’t be fooled into thinking one piece of data is going to push the Fed into acting when things were going well into September and they didn’t bother to pull the pin.
They may move this year. As we have seen recently central banks do the unexpected. But December will be Ben Bernanke's penultimate meeting and ties Yellen into a course of action. April is looking more likely and not just to give the economy more time to heal.