ISM Services Employment Index

The ISM Non-Manufacturing PMI released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector, taking into account expectations for future production, new orders, inventories, employment and deliveries. It is a significant indicator of the overall economic condition in the US. The ISM Services Employment Index represents business sentiment regarding labor market conditions and is considered a strong Non-Farm Payrolls leading indicator. A result above 50 is positive (or bullish) for the USD.

Most recent - Friday 3 May 2024 14:00

Previous
48.5
Revised
-
Forecast
-
Actual
45.9

Next event - Wednesday 5 June 2024 14:00

Previous
-
Forecast
-
Actual
-

The typical/expected impact on USD pairs is medium.

There is no forecast value for ISM Services Employment Index yet - check back for updates.

Trading range

Forecast history

The most recent announced value for ISM Services Employment Index was 45.9.

Past events

Date
Forecast
Actual
Friday 3 May 2024 14:00
-
45.9
Wednesday 3 April 2024 14:00
-
48.5
Tuesday 5 March 2024 15:00
-
48
Monday 5 February 2024 15:00
-
50.5
Friday 5 January 2024 15:00
-
43.3
Tuesday 5 December 2023 15:00
-
50.7
Friday 3 November 2023 14:00
-
50.2
Wednesday 4 October 2023 14:00
-
53.4
Wednesday 6 September 2023 14:00
-
54.7
Thursday 3 August 2023 14:00
51.1
50.7
Thursday 6 July 2023 14:00
-
53.1
Monday 5 June 2023 14:00
51
49.2
Wednesday 3 May 2023 14:00
52.6
50.8
Wednesday 5 April 2023 14:00
52
51.3
Friday 3 March 2023 15:00
49.8
54
Friday 3 February 2023 15:00
50.5
50
Friday 6 January 2023 15:00
50.2
49.8
Monday 5 December 2022 15:00
51
51.5
Thursday 3 November 2022 14:00
51.6
49.1
Wednesday 5 October 2022 14:00
49.6
53
Tuesday 6 September 2022 14:00
48.2
50.2
Wednesday 3 August 2022 14:00
48.7
49.1
Wednesday 6 July 2022 14:00
49.8
47.4
Friday 3 June 2022 14:00
51.7
50.2
Wednesday 4 May 2022 14:00
51.2
49.5
Tuesday 5 April 2022 14:00
50.3
54
Thursday 3 March 2022 15:00
53.5
48.5
Thursday 3 February 2022 15:00
55.7
52.3
Thursday 6 January 2022 15:00
54.1
54.9
Friday 3 December 2021 15:00
52.2
56.5
Wednesday 3 November 2021 14:00
53.3
51.6
Tuesday 5 October 2021 14:00
53.7
53
Friday 3 September 2021 14:00
51.5
53.7
Wednesday 4 August 2021 14:00
-
53.8
Tuesday 6 July 2021 14:00
57
49.3
Thursday 3 June 2021 14:00
58
55.3

Economic context

Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next ISM Services Employment Index result:

PreviousLatest
Monthly Budget StatementBullish change$-236B$210B
Michigan Consumer Sentiment IndexBearish change77.267.4
UoM 5-year Consumer Inflation ExpectationBullish change3%3.1%
Initial Jobless ClaimsBearish change209K231K
ISM Services New Orders IndexBearish change54.452.2
ISM Services PMIBearish change51.449.4
ISM Services Prices PaidBullish change53.459.2
S&P Global Composite PMIBullish change50.951.3
Average Hourly Earnings (MoM)Bearish change0.3%0.2%
Average Hourly Earnings (YoY)Bearish change4.1%3.9%
Labor Force Participation Rate(no change)62.7%62.7%
Nonfarm PayrollsBearish change315K175K
U6 Underemployment RateBearish change7.3%7.4%
Unemployment RateBearish change3.8%3.9%
Factory Orders (MoM)Bullish change1.2%1.6%
Initial Jobless Claims(no change)208K208K
Nonfarm ProductivityBearish change3.5%0.3%
Unit Labor CostsBullish change0%4.7%
Challenger Job CutsBearish change90.309K64.789K
Fed Interest Rate Decision(no change)5.5%5.5%
ISM Manufacturing Employment IndexBullish change47.448.6
ISM Manufacturing New Orders IndexBearish change51.449.1
ISM Manufacturing PMIBearish change50.349.2
ISM Manufacturing Prices PaidBullish change55.860.9
JOLTS Job OpeningsBearish change8.813M8.488M
ADP Employment ChangeBearish change208K192K
Chicago Purchasing Managers' IndexBearish change41.437.9
Housing Price Index (MoM)Bullish change-0.1%1.2%
Employment Cost IndexBullish change0.9%1.2%

About ISM Services Employment Index

Country:United States
Currency:USD
Source:Institute for Supply Management
Category:Labor Market
Frequency:Monthly

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