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 - Wednesday 4 March 2026 15:00

Previous
50.3
Revised
-
Forecast
-
Actual
51.8

Trading range

Forecast history

The most recent announced value for ISM Services Employment Index was 51.8.

Past events

Date
Forecast
Actual
Wednesday 4 March 2026 15:00
-
51.8
Wednesday 4 February 2026 15:00
52.3
50.3
Wednesday 7 January 2026 15:00
-
52
Wednesday 3 December 2025 15:00
-
48.9
Wednesday 5 November 2025 15:00
-
48.2
Friday 3 October 2025 14:00
-
47.2
Thursday 4 September 2025 14:00
-
46.5
Tuesday 5 August 2025 14:00
-
46.4
Thursday 3 July 2025 14:00
-
47.2
Wednesday 4 June 2025 14:00
52.3
50.7
Monday 5 May 2025 14:00
-
49
Thursday 3 April 2025 14:00
-
46.2
Wednesday 5 March 2025 15:00
-
53.9
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
-
53
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
-
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

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:

PreviousLatest
Existing Home Sales Change (MoM)Bullish change-5.9%1.7%
ADP Employment Change 4-week averageBullish change12.8K15.5K
Average Hourly Earnings (MoM)(no change)0.4%0.4%
Average Hourly Earnings (YoY)Bullish change3.7%3.8%
Labor Force Participation RateBearish change62.1%62%
Nonfarm PayrollsBearish change126K-92K
U6 Underemployment RateBullish change8.1%7.9%
Unemployment RateBearish change4.3%4.4%
Retail Sales (MoM)Bearish change0%-0.2%
Retail Sales Control GroupBullish change0%0.3%
Retail Sales ex Autos (MoM)(no change)0%0%
Nonfarm ProductivityBearish change5.2%2.8%
Unit Labor CostsBullish change-1.8%2.8%
Initial Jobless Claims(no change)213K213K
Challenger Job CutsBearish change108.435K48.307K
ISM Services New Orders IndexBullish change53.158.6
ISM Services PMIBullish change53.856.1
ISM Services Prices PaidBearish change66.663
S&P Global Composite PMIBearish change52.351.9
ADP Employment ChangeBullish change11K63K
ISM Manufacturing Employment IndexBullish change48.148.8
ISM Manufacturing New Orders IndexBearish change57.155.8
ISM Manufacturing PMIBearish change52.652.4
ISM Manufacturing Prices PaidBullish change5970.5
Chicago PMIBullish change5457.7
Producer Price Index (MoM)Bullish change0.4%0.5%
Producer Price Index (YoY)Bearish change3%2.9%
Producer Price Index ex Food & Energy (MoM)Bullish change0.6%0.8%
Producer Price Index ex Food & Energy (YoY)Bullish change3.3%3.6%
Initial Jobless ClaimsBearish change208K212K

About ISM Services Employment Index

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