Interest Rates Rise as Unemployment Rate Increases to 7.3%; 204,000 Jobs Added

Long term bond rates rose this morning on the heels of a strong employment report that showed 204,000 jobs were created. Forecasts were for 100,000 jobs being created for the month of October. The unemployment rate did rise 0.1 percent to 7.3 percent but considering the federal government shutdown, the numbers are positive.