While the June jobs figure is eyebrow raising in a good way, it's unlikely to be enough to sway the Federal Reserve to raise interest rates at its July meeting.
"Nothing in this report that signals the Fed needs to hurry to raise rates," says Kate Warne, chief investment strategist at Edward Jones. "It's a first step, but we'll need to see many other positive signs before the Fed is likely to move."
Economists surveyed by CNNMoney predict one rate hike in 2016. It's possible that could come in September, but more likely in December.