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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
—
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 | +0.66 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.56 | COMMODITIES | Moves with | → View |
| AUD/USD | ▲ Direct | +0.54 | FOREX | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.53 | INDEX | Moves against | → View |
| BTC/USD | ▲ Direct | +0.52 | CRYPTO | 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 605.45 Thousands, ranging from 601.00 Thousands to 611.00 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 608.67 Thousands, up from the prior three at 602.33 Thousands. Volatility over the past year (σ 2.68 Thousands) is lower than the prior year (σ 3.65 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 XAU/USD, positively correlated (Bullish XAU).
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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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=0.66) — a useful reference for forex-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 | |