S&P 500 little changed if April jobs fall between 85k-125k

JPMorgan estimates a 25% probability for payroll growth between 85,000 and 125,000. This range suggests a balanced labor market, neither overheating nor stagnating. The S&P 500 is expected to remain relatively flat or rise slightly by 0.75% under this scenario.

Implied probability (Yes)

25%