Jobs Report Won't Move Markets, BlackRock's Rosenberg Says

The video discusses the US labor market data, emphasizing that while the data is positive, it is considered old news and already reflected in market prices. The focus has shifted to high-frequency data and upcoming payroll reports. The leisure and hospitality sector shows significant improvement, but concerns remain about the impact of COVID-19 and potential market downturns if the virus spread is not contained.

What potential impact do shutdowns have on the labor market according to the speaker?

In what way does the speaker suggest the market is currently focused?