economy
Here's how the stock market may trade the April jobs report, according to JPMorgan
JPMorgan has a list of potential outcomes for the market, depending on what the critically important payroll report shows.
TL;DR
- Economists expect 55,000 nonfarm payroll additions in April, a decrease from March's 178,000.
- The unemployment rate is projected to remain stable at 4.3%.
- JPMorgan's chief economist forecasts 50,000 jobs added, citing potential impacts from weather and other factors.
- A strong jobs report could alleviate stagflation concerns but might increase fears of an overheating economy.
- JPMorgan has outlined five scenarios for job growth and their potential impact on the S&P 500.
- Each scenario has an assigned probability, detailing potential S&P 500 gains or losses.