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Data from U.S. Bureau of Labor Statistics. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Financial Activities Payrolls held to 9,104 Thousands in May 2026
U.S. Bureau of Labor StatisticsMonthlyReleased June 2026
US Financial Activities Payrolls held to 9,104 Thousands in May 2026, released June 2026.
Latest Release
9104.000000
Actual
—
Consensus
9104.000000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| MSFT | ▼ Inverse | −0.72 | STOCKS | Moves against | → View |
| USD/CAD | ▲ Direct | +0.56 | FOREX | Moves with | → View |
| EUR/USD | ▼ Inverse | −0.56 | FOREX | Moves against | → View |
| GBP/USD | ▼ Inverse | −0.48 | FOREX | Moves against | → View |
| USD/CHF | ▲ Direct | +0.46 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Financial Activities Payrolls (United States) was reported at 9,104.00 Thousands in May 2026. The reading was unchanged from the previous release. Over the past 12 months, the indicator has averaged 9,153.73 Thousands, ranging from 9,104.00 Thousands to 9,189.00 Thousands across 11 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 9,111.33 Thousands, down from the prior three at 9,142.67 Thousands. Volatility over the past year (σ 32.21 Thousands) is higher than the prior year (σ 17.92 Thousands). In June readings over the past 3 years, Financial Activities Payrolls has averaged 9,155.67 Thousands.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with MSFT (Bearish MSFT). A secondary relationship exists with USD/CAD, positively correlated (Bullish USD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate YoY (Jul 14) and Core Inflation Rate YoY (Jul 14).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Financial Activities Payrolls - US
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About Financial Activities Payrolls — United States
DEFINITION
US Financial Activities Payrolls held steady at 9104K in May, matching April's level exactly. May's 9104K remained unchanged from April's 9104K, indicating a stable labor market in this sector. Market participants will watch upcoming employment reports for further labor trends. Updated 7/4/26
WHY THIS INDICATOR MATTERS
Labor-market data shapes consumer-spending forecasts and is closely tracked by central banks assessing the output gap and wage-inflation pass-through. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 9,104 Thousands. Prior reading (May 2026): 9,104 Thousands. Before that (Apr 2026): 9,126 Thousands.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with MSFT (Bearish MSFT, r=-0.72) — a useful reference for stocks-focused traders.
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Economic Calendar - US Events
| Monday, July 13, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 18:00 | US | Monthly Budget Statement | -120 | -293 | -132.8 | -126.40 | Medium |
| 18:00 | US | Budget Balance | -120 | -293 | -135.8 | -127.90 | Medium |
| Tuesday, July 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 10:00 | US | NFIB Business Optimism Index | 95.3 | 95.6 | 94.20 | Low | |
| 12:30 | US | Inflation Rate YoY | 4.2 | 3.8 | 3.80 | High | |
| 12:30 | US | Core Inflation Rate YoY | 2.9 | 2.9 | 2.90 | High | |
| 12:30 | US | CPI s.a | 333.979 | 334 | 334.00 | Medium | |
| 12:30 | US | Core Inflation Rate MoM | 0.2 | 0.2 | 0.20 | High | |
| 12:30 | US | CPI | 335.12 | 334.71 | 334.71 | Medium | |
| 12:30 | US | Inflation Rate MoM | 0.5 | -0.1 | -0.10 | High | |
| 12:30 | US | CPI MoM | 0.5 | -0.1 | -0.10 | High | |
| 12:30 | US | CPI YoY | 4.2 | 3.8 | 3.80 | High | |
| 12:30 | US | Core CPI MoM | 0.2 | 0.2 | 0.20 | High | |
| 12:30 | US | Core CPI YoY | 2.9 | 2.9 | 2.90 | Medium | |
| 20:00 | US | Net Long-Term TIC Flows | 103.1 | 128 | 139.00 | Medium | |
| Wednesday, July 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Producer Price Index | 157.659 | 159.1 | 158.50 | Low | |
| 12:30 | US | Producer Price Index YoY | 6.5 | 7.2 | 6.90 | Low | |
| 12:30 | US | Core PPI YoY | 4.9 | 5.2 | 5.05 | Low | |
| 12:30 | US | Producer Price Index MoM | 1.1 | 0.8 | 0.50 | High | |
| Thursday, July 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Retail Sales Ex Autos MoM | 0.8 | 0.4 | 0.40 | Medium | |
| 12:30 | US | Retail Sales YoY | 6.9 | 6.7 | 6.70 | Low | |
| 12:30 | US | Retail Sales Ex Gas/Autos MoM | 0.5 | 0.3 | 0.30 | Low | |
| 12:30 | US | Retail Sales MoM | 0.9 | 0.3 | 0.30 | High | |
| 14:00 | US | Pending Home Sales YoY | 4.8 | 1.3 | 1.30 | Medium | |
| Friday, July 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Import Prices YoY | 6.7 | 5.4 | 5.45 | Low | |
| 12:30 | US | Housing Starts | 1.177 | 1.2 | 1.20 | High | |
| 13:15 | US | Industrial Production YoY | 1.7 | 1.5 | 1.50 | Low | |
| 13:15 | US | Manufacturing Production YoY | 1.4 | 1 | 1.00 | Low | |
| 13:15 | US | Capacity Utilization | 76.2 | 76.7 | 76.70 | Low | |