According to Golden Finance, Andrew Taylor, head of JPMorgan's trading department, said that the U.S. non-farm employment data needs to be maintained within a reasonable range to support the stock market to continue to rise. Specifically, if the number of new jobs is less than 150,000 or more than 230,000, it will put pressure on the stock market. If employment data is as low as 110,000, it could cause the S&P 500 to fall 1.5%, which would reflect accelerating global trade concerns affecting the U.S. economy. Excessive employment data may increase market expectations for the Federal Reserve to raise interest rates.