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.

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Most recent - Friday 3 May 2024 14:00

48.5

Revised

Forecast

Actual

45.9

Next event - Wednesday 5 June 2024 14:00

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

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

49.2

Wednesday 3 May 2023 14:00

52.6

50.8

Wednesday 5 April 2023 14:00

51.3

Friday 3 March 2023 15:00

49.8

Friday 3 February 2023 15:00

50.5

Friday 6 January 2023 15:00

50.2

49.8

Monday 5 December 2022 15:00

51.5

Thursday 3 November 2022 14:00

51.6

49.1

Wednesday 5 October 2022 14:00

49.6

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

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

Friday 3 September 2021 14:00

51.5

53.7

Wednesday 4 August 2021 14:00

53.8

Tuesday 6 July 2021 14:00

49.3

Thursday 3 June 2021 14:00

55.3

Economic context

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

		Previous	Latest
ISM Services New Orders Index	Bearish change	54.4	52.2
ISM Services PMI	Bearish change	51.4	49.4
ISM Services Prices Paid	Bullish change	53.4	59.2
S&P Global Composite PMI	Bullish change	50.9	51.3
Average Hourly Earnings (MoM)	Bearish change	0.3%	0.2%
Average Hourly Earnings (YoY)	Bearish change	4.1%	3.9%
Labor Force Participation Rate	(no change)	62.7%	62.7%
Nonfarm Payrolls	Bearish change	315K	175K
U6 Underemployment Rate	Bearish change	7.3%	7.4%
Unemployment Rate	Bearish change	3.8%	3.9%
Factory Orders (MoM)	Bullish change	1.2%	1.6%
Initial Jobless Claims	(no change)	208K	208K
Nonfarm Productivity	Bearish change	3.5%	0.3%
Unit Labor Costs	Bullish change	0%	4.7%
Challenger Job Cuts	Bearish change	90.309K	64.789K
Fed Interest Rate Decision	(no change)	5.5%	5.5%
ISM Manufacturing Employment Index	Bullish change	47.4	48.6
ISM Manufacturing New Orders Index	Bearish change	51.4	49.1
ISM Manufacturing PMI	Bearish change	50.3	49.2
ISM Manufacturing Prices Paid	Bullish change	55.8	60.9
JOLTS Job Openings	Bearish change	8.813M	8.488M
ADP Employment Change	Bearish change	208K	192K
Chicago Purchasing Managers' Index	Bearish change	41.4	37.9
Housing Price Index (MoM)	Bullish change	-0.1%	1.2%
Employment Cost Index	Bullish change	0.9%	1.2%
Michigan Consumer Sentiment Index	Bearish change	77.9	77.2
UoM 5-year Consumer Inflation Expectation	(no change)	3%	3%
Core Personal Consumption Expenditures - Price Index (MoM)	(no change)	0.3%	0.3%
Core Personal Consumption Expenditures - Price Index (YoY)	(no change)	2.8%	2.8%
Personal Consumption Expenditures - Price Index (MoM)	(no change)	0.3%	0.3%
Personal Consumption Expenditures - Price Index (YoY)	Bullish change	2.5%	2.7%
Personal Income (MoM)	Bullish change	0.3%	0.5%
Personal Spending	(no change)	0.8%	0.8%
Pending Home Sales (MoM)	Bullish change	1.6%	3.4%
Core Personal Consumption Expenditures (QoQ)	Bullish change	2%	3.7%
Gross Domestic Product Annualized	Bearish change	3.4%	1.6%
Gross Domestic Product Price Index	Bullish change	1.7%	3.1%
Initial Jobless Claims	Bullish change	212K	207K
Personal Consumption Expenditures Prices (QoQ)	Bullish change	1.8%	3.4%
Durable Goods Orders	Bullish change	0.7%	2.6%
Durable Goods Orders ex Defense	Bullish change	1.5%	2.3%
Durable Goods Orders ex Transportation	Bullish change	0.1%	0.2%
Nondefense Capital Goods Orders ex Aircraft	Bearish change	0.4%	0.2%
New Home Sales Change (MoM)	Bullish change	-5.1%	8.8%
S&P Global Composite PMI	Bearish change	52.1	50.9
S&P Global Manufacturing PMI	Bearish change	51.9	49.9
S&P Global Services PMI	Bearish change	51.7	50.9

About ISM Services Employment Index

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

Related events

	Australia		Unemployment Rate s.a.
	Australia		Employment Change s.a.
	Canada		Unemployment Rate
	Canada		Net Change in Employment
	New Zealand		Unemployment Rate
	New Zealand		Employment Change
	United Kingdom		Employment Change
	United Kingdom		ILO Unemployment Rate (3M)
	United Kingdom		Claimant Count Change
	United States		Nonfarm Payrolls
	United States		ADP Employment Change
	Australia		Wage Price Index (QoQ)
	Australia		Full-Time Employment
	Canada		Participation Rate
	Canada		Average Hourly Wages (YoY)
	Switzerland		Unemployment Rate s.a (MoM)
	Germany		Unemployment Change
	Germany		Unemployment Rate s.a.
	Eurozone		Labor Cost
	Eurozone		Unemployment Rate
	Italy		Unemployment
	Japan		Jobs / Applicants Ratio
	Japan		Unemployment Rate
	New Zealand		Participation Rate
	New Zealand		Labour Cost Index (QoQ)
	United Kingdom		Claimant Count Rate
	United Kingdom		Average Earnings Including Bonus (3Mo/Yr)
	United Kingdom		Average Earnings Excluding Bonus (3Mo/Yr)
	United States		ISM Manufacturing Employment Index
	United States		Unit Labor Costs
	United States		Personal Income (MoM)
	United States		Unemployment Rate
	United States		Nonfarm Productivity
	United States		Initial Jobless Claims
	United States		Labor Force Participation Rate
	United States		U6 Underemployment Rate
	United States		Initial Jobless Claims 4-week average
	United States		Average Hourly Earnings (MoM)
	United States		Average Hourly Earnings (YoY)

Calendar - ISM Services Employment Index - United States

ISM Services Employment Index

Most recent - Friday 3 May 2024 14:00

Next event - Wednesday 5 June 2024 14:00

Trading range

Trading range after each ISM Services Employment Index event

Forecast history

Past events

Economic context

About ISM Services Employment Index

Related events