Taper Time!

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U.S. payrolls rose by 203,000 last month, the Labor Department said Friday. The unemployment rate dropped three-tenths of a percentage point to 7.0%, the lowest level since November 2008. September and October payroll numbers were revised up by a combined 8,000….

Friday's report will stoke expectations for the Fed to soon slow the pace of its $85 billion a month in bond purchases. At their October meeting, officials said they were looking to end the program "in coming months."

U.S. Employers Add 203,000 Jobs; Unemployment Rate Falls to Five-Year Low [WSJ]

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