Economists tend to shy away from attaching too much significance to any one piece of data. But in this environment, with this jobs report, hyper-scrutiny may be warranted.
"It could be that we get this strong employment number as expected, and the market says, ‘OK, that’s great, but it’s really old news,”’ said Kathy Bostjancic, an economist at Oxford Economics USA in New York. “Now we’re in the brave new world of post-Brexit. That’s the risk with the payrolls data -- it could be dismissed because of that."