The BLS reported a U.S. employment figure of +204K this morning, with upward revisions of +60K for the three months prior. The market generally liked the figures, pushing the S&P 500 (INDEXSP:.INX) up about a percent in midday trading. The odds of a December Federal Reserve taper also increased, pushing the 10 year T-Note up about 10 basis points. The report was even more surprising given that the federal government was shut down for a couple weeks in the month. Employment figures represent acceleration in economy The surprising figures leads one to ask: are today’s employment figures representative of an accelerating…
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