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Is Today's Jobs Number 'Too Good'?

The U.S. employment report was slightly better than economists had expected, and that was worrisome, Paul Richards of UBS said Friday.

(Read More: Market Now 'A Rubik's Cube': Josh Brown)

"I think it was a very good number and possibly just too good. Twenty-four hours ago, we were really worried about this number. You could see what was happening in the currency market," he said.

"I think it might have been 15,000 too good, and the reason i say that is that this market – somebody said on the floor it was 'Goldilocks' – in seven days' time we're going to be less than a week from the Fed discussing Goldilocks."

(Read More: Expect a 'Goldilocks Recovery': Weiss)

The Federal Open Market Committee is scheduled to meet June 18 and 19.

On CNBC's "Fast Money," Richards said that talk of tapering will be on the Fed's agenda, making the July 5 employment report even more critical.

(Read More: Fed Exit Chatter Unlikely to 'Taper' With Jobs Data)

"Come July 31, the Fed could start to taper," he said. "I don't think this floor or market is thinking that right now."

Richards noted that Fed members had been talking about tapering of its quantitative easing.

(Read More: Markets See Summer of Fed Easing at Full Speed Ahead)

"What were they looking for? Jobs growth, in addition to the other good economic data that's been coming out and been consistently sound, housing, etc., so I think you've got to start pricing in the Fed talking about this more seriously and signaling it to the market and potentially, and very carefully, tapering maybe in the summer."

Trader disclosure: On June 7, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Steve Weiss is long AAMRQ; Steve Weiss is long QCOM; Steve Weiss is long BAC; Steve Weiss is long BBRY; Jon Najarian is long YUM; Jon Najarian is long AAPL; Jon Najarian is long COP; Jon Najarian is long LPX; Jon Najarian is long NTAP; Jon Najarian is long OC; Jon Najarian is long UVXY; Jon Najarian is long HD; Jon Najarian is long SJM; Jon Najarian is long EEM PUTS; (AS OF 6/5) Pete Najarian is long AAPL; Pete Najarian is long AAPL CALLS; Pete Najarian is long C CALLS; Pete Najarian is long JPM CALLS; Pete Najarian is long MS CALLS; Pete Najarian is long XLF CALLS; Pete Najarian is long INTC CALLS; Pete Najarian is long YHOO CALLS; Pete Najarian is long BBR; Pete Najarian is long SBUX; Pete Najarian is long FB; (AS OF 6/4) Simon Baker is long AAPL; Simon Baker is long C; Simon Baker is long CSCO; Simon Baker is long YHOO; Simon Baker is long FB; Simon Baker is long GOOG; Simon Baker is long EBAY; Simon Baker is long PCLN; Simon Baker is long GM; Simon Baker is long VIAB.

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