Strong jobs report has Fed on track to taper stimulus, analysts say

`` The government's unexpectedly strong June jobs report leaves the Federal Reserve on track to start tapering its bond-buying stimulus efforts as early as September, analysts said Friday.''

LOL!! This will last approximately until the nanosecond the stock market swoons "too much."

This part is hilarious in how much it reveals about how this is all such a charade:

Despite the strong jobs growth, the unemployment rate remained at 7.6% in June. But economists said the rate stayed steady because more discouraged people re-entered the labor force looking for work, which is a good sign for the economy and shouldn't deter the Fed from starting to pull back on the stimulus.

So, essentially here they are admitting the "unemployment rate" is a sham, since it doesn't count "discouraged workers" (the chronically unemployed). So the Fed is supposed to ignore the unemployment rate NOT going down, even though it expressed its "target" in terms of the unemployment rate. But before there was such a "target", we were supposed to just ignore these non-counted unemployed entirely...