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Data from U.S. Bureau of Labor Statistics. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Mining & Logging Payrolls fell to 607 Thousands in May 2026
U.S. Bureau of Labor StatisticsMonthlyReleased June 2026
US Mining & Logging Payrolls fell to 607 Thousands in May 2026, released June 2026, down 4 Thousands from April's 611 Thousands reading.
Latest Release
607.000000
Actual
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Consensus
611.000000
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 |
|---|---|---|---|---|---|
| NZD/USD | ▲ Direct | +0.72 | FOREX | Moves with | → View |
| USD/CHF | ▼ Inverse | −0.70 | FOREX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.70 | FOREX | Moves with | → View |
| AUD/USD | ▲ Direct | +0.70 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.69 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Mining & Logging Payrolls (United States) was reported at 607.00 Thousands in May 2026. The reading fell from the previous value of 611.00 Thousands. Over the past 12 months, the indicator has averaged 605.30 Thousands, ranging from 601.00 Thousands to 611.00 Thousands across 10 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 608.67 Thousands, up from the prior three at 602.33 Thousands. Volatility over the past year (σ 2.76 Thousands) is lower than the prior year (σ 5.12 Thousands). In June readings over the past 3 years, Mining & Logging Payrolls has averaged 614.33 Thousands.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with NZD/USD (Bullish NZD). A secondary relationship exists with USD/CHF, negatively correlated (Bearish USD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Jackson Hole Symposium (Aug 28) and Chicago PMI (Aug 28).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Mining & Logging Payrolls - US
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About Mining & Logging Payrolls — United States
DEFINITION
US Mining & Logging Payrolls rose to 607,000 in June, missing the prior month's 611,000. This marks a decline from May’s level, indicating a slight contraction in sector employment. Market focus now shifts to upcoming labor reports for broader economic signals. 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 607 Thousands. Prior reading (May 2026): 611 Thousands. Before that (Apr 2026): 608 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 tailwind in the current projection. This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.72) — a useful reference for forex-focused traders.
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Economic Calendar - US Events
| Wednesday, August 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Non Defense Goods Orders Ex Air | 0.2 | 1.7 | 0.9 | 0.35 | Low |
| 12:30 | US | Durable Goods Orders MoM | 1.1 | 0.5 | 0.5 | 1.75 | High |
| 12:30 | US | Durable Goods Orders Ex Transp MoM | 0.4 | 1.1 | 0.6 | 0.70 | High |
| 12:30 | US | PCE Price Index MoM | 0.2 | -0.1 | 0.1 | 0.10 | Medium |
| 12:30 | US | Durable Goods Orders Ex Defense MoM | 1.3 | 0.3 | 0.1 | 1.88 | High |
| 12:30 | US | Corporate Profits QoQ | 8.2 | 0.5 | 0.7 | 1.05 | Medium |
| 12:30 | US | Core PCE Price Index YoY | 3.3 | 3.3 | 3.3 | 3.30 | High |
| 12:30 | US | Core PCE Price Index MoM | 0.2 | 0.1 | 0.2 | 0.18 | High |
| 12:30 | US | PCE Price Index YoY | 3.7 | 3.7 | 3.6 | 3.63 | Medium |
| 12:30 | US | Personal Income MoM | 0.4 | 0.2 | 0.2 | 0.15 | High |
| 12:30 | US | Personal Spending MoM | 0.2 | 0.4 | 0.2 | 0.18 | Low |
| 12:30 | US | Real Consumer Spending QoQ | 3.4 | 0.5 | 3.2 | 3.20 | Low |
| 12:30 | US | GDP Growth Rate QoQ | 1.5 | 2.1 | 1.5 | 1.40 | High |
| 12:30 | US | GDP Price Index QoQ | 6.4 | 3.6 | 6.3 | 6.08 | Medium |
| 12:30 | US | GDP Sales QoQ | 2.2 | 1.9 | 2.2 | 2.18 | Low |
| 12:30 | US | Gross Domestic Product QoQ | 1.5 | 2.1 | 1.5 | 1.40 | High |
| 12:30 | US | PCE Prices QoQ | 5.3 | 4.6 | 5.1 | 5.15 | Low |
| 12:30 | US | Core PCE Prices QoQ | 3.6 | 4.4 | 3.4 | 3.48 | Low |
| 14:10 | US | Atlanta Fed GDPNow | 4.6 | 4 | 4 | 4.03 | Medium |
| 14:30 | US | EIA Distillate Stocks Change | -2.228 | -1.53 | -1.6 | -2.03 | Low |
| 14:30 | US | EIA Gasoline Stocks Change | -2.536 | 0.688 | -0.7 | -1.20 | Medium |
| 14:30 | US | EIA Crude Oil Stocks Change | 0.095 | 4.405 | 0.6 | 0.67 | Medium |
| Thursday, August 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Goods Trade Balance Adv | -118.8 | -101.41 | -99 | -108.90 | Medium |
| 12:30 | US | Jobless Claims 4-Week Average | 205.5 | 204.25 | 203 | 203.13 | High |
| 12:30 | US | Initial Jobless Claims | 203 | 207 | 208 | 207.75 | High |
| 12:30 | US | Retail Inventories Ex Autos MoM | 0.7 | -0.5 | 0 | 0.35 | Medium |
| 12:30 | US | Wholesale Inventories MoM | 1.3 | 0.3 | 0.1 | 0.70 | Medium |
| 12:30 | US | Continuing Jobless Claims | 1778 | 1796 | 1790 | 1788.50 | High |
| 12:30 | US | Goods Trade Balance | -118.8 | -101.41 | -99 | -108.90 | High |
| 14:30 | US | EIA Natural Gas Stocks Change | 15 | 16 | 20 | 17.75 | Low |
| 15:00 | US | Kansas Fed Manufacturing Index | 17 | 17 | 14 | 15.50 | Low |
| 15:00 | US | Kansas Fed Composite Index | 10 | 9 | 8 | 9.00 | Low |