May's jobs report was good news for the economy but also has many financial experts touting warnings of inflation, higher interest rates and other impacts it might have on the financial market. 

A recent Charles Schwab online market commentary, "Getting Tight: What Does the Strong Jobs Market Mean for Inflation?" explores what the employment report, which marked the 92nd straight month of payroll growth, could mean for the market.

"The better-than-expected report included much to cheer the economic bulls out there," the article states. "But the jobs report is about more than just the headline number. And the strength of the labor market raises some questions about inflation and interest rates that could have implications for the market later in the year."

The article states the issues to keep an eye on that may dictate how the market reacts to the jobs numbers includes watching inflation, businesses struggling to find qualified workers, the labor force participation rate, and interest rates. 

“Markets have already been choppy this year, and additional rate hikes could add to the volatility in the stock market, so as we’ve been saying for months now, investors need to stay disciplined and focused on their goals," Schwab chief investment strategist Liz Ann Sounders said in the article.