Why are the experts wrong? There was an article within the past few days that stated that there are large BLS adjustments twice a year in the current data and predicted that the current report would be very low. I will see if I can find it and post.
If you read how the "Jobs Created Report" is baked, it is not 100% scientific and subject to some special sauce in either direction.
That said, THE BOND MARKET is going to take this report very seriously, and interest rates should decline today....however, that decline comes in the face of a Federal Reserve determined to raise rates another quarter point next Tuesday.
The conflict between a Fed moving higher, higher oil prices, and job creation stagnating is not good. Small, small shades of 1978-80.
We could muddle along with a good economy for the majority of those who have jobs, or head into a recession, or go the stagflation route. I support GW in a big way, but the roaring economic comeback doesn't appear to be in the cards right now.