Analyst Sentiment Following Friday Jobs Report: Most Encouraged, BofA Sees Tapering in Sept. 'Increasingly Possible'

Economists at TD Securities called the June jobs data "encouraging" and suggested a quickening rate of growth in the labor market will continue over the next few months. The firm believes the data points confirm the labor market is indeed creating positive momentum. Wells Fargo's John Silvia said the jobs figures point at "moderate, but subpar" growth in 2013. BofA Merrill's Michelle Meyer believes the report was a positive. She sees tapering beginning in September as "increasingly possible."