Breaking News

U.S. ISM Non-Manufacturing Employment

Latest Release

May 05, 2025

Actual

49.0

Forecast

47.0

46.2

The Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers' Index (PMI) (also known as the ISM Services PMI) report on Business, a composite index is calculated as an indicator of the overall economic conditions for the non-manufacturing sector.

/> The Employment subcategory is a diffusion index calculated by adding the percent of responses indicating they added more for labour plus one-half of those responding that they kept the amount of labour at the same level as in the prior month. The resulting single index number is then seasonally adjusted.

Because services account for such a large proportion of the US economy, traders look at this indicator for clues about the direction non-farm payrolls will take.A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.

Importance:

Country:

Currency: USD

Source: Institute for Supply Managemen...

Release Date	Time	Actual	Forecast	Previous
May 05, 2025 (Apr)	15:00	49.0	47.0	46.2
Apr 03, 2025 (Mar)	15:00	46.2	53.0	53.9
Mar 05, 2025 (Feb)	16:00	53.9		52.3
Feb 05, 2025 (Jan)	16:00	52.3		51.3
Jan 07, 2025 (Dec)	16:00	51.4	51.4	51.5
Dec 04, 2024 (Nov)	16:00	51.5	53.0	53.0

News

Pound US Dollar Exchange Rate Strengthens By ExchangeRates.org.uk - Aug 05, 2024 1

ExchangeRates.org.uk -GBP/USD Exchange Rate Rises following Downbeat US Jobs Data     The Pound US Dollar (GBP/USD) exchange rate traded in a wide range last week, ultimately firming as the latest US...

ISM non-manufacturing PMI still robust in February, despite weaker pricing trends By Investing.com - Mar 03, 2023

By Geoffrey Smith Investing.com -- A key gauge of U.S. economic activity showed business was still robust in February, but suggested that companies are fast losing their pricing power as inflation...

ISM non-manufacturing PMI jumps in January By Investing.com - Feb 03, 2023

By Geoffrey Smith Investing.com -- A key gauge of service-sector activity in the U.S. rose strongly in January, adding to evidence earlier Friday that the economy still has plenty of momentum. The...

Analysis

Nonfarm payrolls to determine the next Fed steps By Monex - Sep 06, 2024

USD Payrolls later today remain the main market event of the week. Indeed, many including ourselves, see the release as pivotal for the Fed, and likely to determine whether a 25 or 50bp rate cut...

US Payrolls Set To Bounce Back Strongly By Michael Hewson - Nov 05, 2021

US markets had a rather more mixed day yesterday, with the Dow finishing modestly lower, while the S&P 500 closed at another record high, as US investors took comfort from the Federal...

NFP Preview: With Fed Policy Set, Focus Shifts To Fiscal Policy And Inflation By Matthew Weller - Nov 05, 2021

OverviewAs regular readers know, the primary “transmission mechanism” between economic data like the Nonfarm Payrolls report and market movements is through central bank policy. In other...

ISM Non-Manufacturing Employment Discussion

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