unemployment report

is it worth all the hype it created in the market - stock market decline, dollar slide?
jobless rate increase by 0.5% occurred 16 times in past, without similar market consequences. According to a JP Morgan analyst, this could just be an 'abberration' : Influx of fresh graduates from college added to the adversity of the present day condition in job market, hence showing a bleaker than normal picture on unemployment. This may not be a permanent condition.