Ken Fisher and others have always pointed out that it is a lagging indicator.http://www.ken-fisher-debunkery.com/
I was not convinced that jobs don't matter. However, it seems his angle was that as far as investment timing is concerned that jobs are not the key leading indicator... I'll buy into some of that.
Yep, I tend to agree RG. I'm not saying it's great for the general economy, but for market timing and entry points it seems something not to worry over. I did some buying last week on the market weakness and Greek worries.