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 - Wednesday 5 February 2025 15:00

51.3

Revised

51.3

Forecast

Actual

52.3

Next event - Wednesday 5 March 2025 15:00

52.3

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 52.3.

Past events

Date

Forecast

Actual

Wednesday 5 February 2025 15:00

52.3

Tuesday 7 January 2025 15:00

51.4

Wednesday 4 December 2024 15:00

51.5

Tuesday 5 November 2024 15:00

Thursday 3 October 2024 14:00

48.1

Thursday 5 September 2024 14:00

50.2

Monday 5 August 2024 14:00

46.5

51.1

Wednesday 3 July 2024 14:00

46.1

Wednesday 5 June 2024 14:00

47.1

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

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
Existing Home Sales Change (MoM)	Bearish change	2.9%	-4.9%
Michigan Consumer Sentiment Index	Bearish change	67.8	64.7
UoM 5-year Consumer Inflation Expectation	Bullish change	3.3%	3.5%
S&P Global Composite PMI	Bearish change	52.7	50.4
S&P Global Manufacturing PMI	Bullish change	51.2	51.6
S&P Global Services PMI	Bearish change	52.9	49.7
Initial Jobless Claims	Bearish change	214K	219K
Philadelphia Fed Manufacturing Survey	Bearish change	44.3	18.1
Building Permits (MoM)	Bullish change	1.482M	1.483M
Housing Starts (MoM)	Bearish change	1.515M	1.366M
NY Empire State Manufacturing Index	Bullish change	-12.6	5.7
Industrial Production (MoM)	Bearish change	1%	0.5%
Retail Sales (MoM)	Bearish change	0.7%	-0.9%
Retail Sales Control Group	Bearish change	0.8%	-0.8%
Retail Sales ex Autos (MoM)	Bearish change	0.7%	-0.4%
Initial Jobless Claims	Bullish change	220K	213K
Producer Price Index (MoM)	Bearish change	0.5%	0.4%
Producer Price Index (YoY)	Bullish change	3.3%	3.5%
Producer Price Index ex Food & Energy (MoM)	Bearish change	0.4%	0.3%
Producer Price Index ex Food & Energy (YoY)	Bearish change	3.7%	3.6%
Monthly Budget Statement	Bearish change	$-87B	$-129B
Consumer Price Index (MoM)	Bullish change	0.4%	0.5%
Consumer Price Index (YoY)	Bullish change	2.9%	3%
Consumer Price Index ex Food & Energy (MoM)	Bullish change	0.2%	0.4%
Consumer Price Index ex Food & Energy (YoY)	Bullish change	3.2%	3.3%

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
	United States		Average Hourly Earnings (MoM)
	United States		Average Hourly Earnings (YoY)
	Australia		Wage Price Index (QoQ)
	Australia		Part-Time Employment
	Australia		Participation Rate
	Australia		Full-Time Employment
	Canada		Average Hourly Wages (YoY)
	Germany		Unemployment Change
	Germany		Unemployment Rate s.a.
	Eurozone		Unemployment Rate
	Eurozone		Employment Change (QoQ)
	Japan		Labor Cash Earnings (YoY)
	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		Nonfarm Payrolls Benchmark Revision
	United States		Unemployment Rate
	United States		Nonfarm Productivity
	United States		JOLTS Job Openings
	United States		Initial Jobless Claims
	United States		Challenger Job Cuts
	United States		Labor Force Participation Rate
	United States		U6 Underemployment Rate
	United States		Employment Cost Index

Calendar - ISM Services Employment Index - United States

ISM Services Employment Index

Most recent - Wednesday 5 February 2025 15:00

Next event - Wednesday 5 March 2025 15:00

Trading range

Trading range after each ISM Services Employment Index event

Forecast history

Past events

Economic context

About ISM Services Employment Index

Related events