Rates moved higher Friday following the release of much stronger than expected Employment data. The economy added 257,000 jobs last month, above the consensus forecast of 230,000. The bigger news was an upward revision of prior months’ gains by an additional 147,000 jobs. Average Hourly Earnings rose by 2.2% from one year ago, also better than expected, but the increase was partially the result of higher minimum wage laws that went into effect in several states in January and are unlikely to be repeating in future months. The Unemployment Rate increased to 5.7% due to a large increase in the size of the labor force, as more people began seeking jobs last month. Overall, the strength of the data will make it more difficult for the Fed to delay rate increases beyond mid-year should the trend continue. No other key data will be released today.