Amid sluggish growth and fears that Brexit would impact the U.S. economy, the Labor Department reported that in June, employers added 287,000 jobs. That’s the largest increase since October 2015, and it’s helped the market rally. Of those jobs, 256,000 were in the service sector. These hires bring the monthly average up to 147,000 for April, May, and June, and recent figures actually show that there were fewer jobs added in April and May than previously thought.

According to economists, this means that the U.S. is not headed into a recession or slowdown in the near future. But it’s probably good to be cautious, especially following the Brexit vote. Although stocks can be measured pretty quickly, they also rise and fall based on a lot of factors that are not entirely dependent on labor statistics. It is especially important to remain cautious following Brexit–at least until the numbers of July come in. The vote to leave the E.U. came at the end of June, so it stands to reason that it wouldn’t have had that much of an impact on the month’s hires. But looking forward, the next quarter will tell us a lot more about how it impacts the U.S. and global economies in terms of job creation and other factors.

This is not to say that we should all be freaking out about Brexit. While the long-term effects of the U.K. leaving the E.U. remain to be seen, so far the immediate effect hasn’t been too bad. While the British pound dropped in value, it didn’t tank, and it’s still worth more than the American dollar. It will take a while for the U.K. to officially leave the E.U., which means it will be some time before the full effects of separating the U.K. and E.U. economies will come to light.