The last time the Fed actually raised rates was June 2006, but after Friday's November jobs report met expectations and confirmed that even with tremendous gains over the last several years, the US labor market continues to strengthen, the Fed has what it needs to begin the process of raising rates.

In an email following the report, Neil Dutta at Renaissance Macro said simply, "NO MORE EXCUSES."

"Instead of wasting time focusing on abstract concepts such as equilibrium interest rates and NAIRU, perhaps the Fed should just see what is happening in front of its face," Dutta wrote. "The message from November's jobs is clear, the US labor market is unambiguously strengthening."

Economists at BNP Paribas said that after Friday's report it's "all systems go" for the Fed to raise rates in December.

Ian Shepherdson at Pantheon Macroeconomics said of the report, "More than enough to seal the deal for the 16th."

So there you have it.