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
Industrial Production (MoM)Bearish change0.1%0%
Building Permits (MoM)Bearish change1.467M1.44M
Housing Starts (MoM)Bullish change1.287M1.36M
Initial Jobless ClaimsBullish change232K222K
Philadelphia Fed Manufacturing SurveyBearish change15.54.5
Consumer Price Index (MoM)Bearish change0.4%0.3%
Consumer Price Index (YoY)Bearish change3.5%3.4%
Consumer Price Index ex Food & Energy (MoM)Bearish change0.4%0.3%
Consumer Price Index ex Food & Energy (YoY)Bearish change3.8%3.6%
NY Empire State Manufacturing IndexBearish change-14.3-15.6
Retail Sales (MoM)Bearish change0.6%0%
Retail Sales Control GroupBearish change1%-0.3%
Retail Sales ex Autos (MoM)Bearish change0.9%0.2%
Producer Price Index (MoM)Bullish change-0.1%0.5%
Producer Price Index (YoY)Bullish change1.8%2.2%
Producer Price Index ex Food & Energy (YoY)Bullish change2.1%2.4%
Producer Price Index ex Food & Energy (MoM)Bullish change-0.1%0.5%
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%

About ISM Services Employment Index

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

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