Jobs are the last domino to fall. The strong jobs report was actually bad for some segments of the economy(i.e. the stock market) because it enables the fed to

Jobs are the last domino to fall. The strong jobs report was actually bad for some segments of the economy(i.e. the stock market) because it enables the fed to continue tightening. The fed has two mandates: strong employment and stable prices. Right now, prices are not stable. The strong jobs allow them to focus on bringing stability back to prices. That means tightening. Unemployment will likely need to top 5% before the fed backs off. We are just getting started in the tightening cycle.