Did the Fed jump the gun with that tapering announcement yesterday

Did the Fed jump the gun with that tapering announcement yesterday? At least part of the reasoning behind the $10 billion reduction in bond purchases is due to the numerous positive economic reports that have been released in recent weeks. However, one metric that has been going the wrong direction - initial jobless claims. Last week, we saw a huge 64,000 surge in claims - but it seemed the Thanksgiving holiday could have been the cause. Nevertheless, claims climbed an additional 10,000 this week to 379,000. That's the highest total since March and the first time there's been week over weeks gains since November 2012. Could this be a sign the job market isn't doing as well as advertised? Personally, I wouldn't worry too much just yet. This time of year, there are always seasonal factors to take into account. Stay tuned. (VIEW LINK)