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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS CB Employment Trends Index climbed to 107.71 in July 2026
FMPMonthlyReleased August 2026
US CB Employment Trends Index climbed to 107.71 in July 2026, released August 2026, up 0.97 from June's 106.74 reading.
Latest Release
107.710000
Actual
—
Consensus
106.740000
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 |
|---|---|---|---|---|---|
| AUD/USD | ▼ Inverse | −0.61 | FOREX | Moves against | → View |
| NZD/USD | ▼ Inverse | −0.49 | FOREX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.40 | COMMODITIES | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.39 | FOREX | Moves against | → View |
| AAPL | ▲ Direct | +0.38 | STOCKS | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CB Employment Trends Index (United States) was reported at 107.71 in August 2026. The reading rose from the previous value of 106.74. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 106.03, ranging from 104.27 to 107.71 across 9 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 106.83, up from the prior three at 104.90. Volatility over the past year (σ 1.01) is higher than the prior year (σ 0.55).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with AUD/USD (Bearish AUD). A secondary relationship exists with NZD/USD, negatively correlated (Bearish NZD).
WHAT TO WATCH NEXT
The next release is scheduled for September 8, 2026. Same-country events in the next 14 days include Chicago PMI (Aug 28) and Michigan 1 Year Inflation Expectations (Aug 28).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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CB Employment Trends Index - US
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About CB Employment Trends Index — United States
DEFINITION
The CB Employment Trends Index is a leading economic indicator that provides insight into the current and future state of the job market. It combines multiple labor market indicators to offer a comprehensive view of employment trends, helping businesses and policymakers make informed decisions. With its proven track record of accurately predicting turning points in the labor market, the CB Employment Trends Index is a valuable tool for assessing the health of the economy and anticipating potential changes in employment levels.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 107.7. Prior reading (May 2026): 107. Before that (Apr 2026): 105.8.
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 bullish 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 AUD/USD (Bearish AUD, r=-0.61) — a useful reference for forex-focused traders.
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Economic Calendar - US Events
| Thursday, August 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Jobless Claims 4-Week Average | 205.5 | 204.25 | 203 | 204.25 | High |
| 12:30 | US | Initial Jobless Claims | 203 | 207 | 208 | 205.50 | High |
| 12:30 | US | Goods Trade Balance Adv | -118.8 | -101.41 | -99 | -102.92 | Medium |
| 12:30 | US | Retail Inventories Ex Autos MoM | 0.7 | -0.5 | 0 | 0.27 | Medium |
| 12:30 | US | Wholesale Inventories MoM | 1.3 | 0.3 | 0.1 | 0.38 | Medium |
| 12:30 | US | Continuing Jobless Claims | 1778 | 1796 | 1790 | 1784.00 | High |
| 12:30 | US | Goods Trade Balance | -118.8 | -101.41 | -99 | -102.88 | High |
| 14:30 | US | EIA Natural Gas Stocks Change | 15 | 16 | 20 | 17.50 | 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 |
| Friday, August 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 13:45 | US | Chicago PMI | 57.6 | 57 | 63.10 | Medium | |
| 14:00 | US | Michigan 1 Year Inflation Expectations | 4.2 | 4.3 | 4.30 | Medium | |
| 14:00 | US | Michigan Inflation Expectations | 4.3 | 4.2 | 4.3 | 4.30 | Low |
| 14:00 | US | Michigan 5 Year Inflation Expectations | 3.3 | 3.3 | 3.3 | 3.30 | Low |
| 14:00 | US | Michigan Consumer Sentiment | 51 | 55.2 | 51 | 51.00 | High |
| 14:00 | US | Michigan Consumer Expectations | 50.6 | 55.4 | 50.6 | 50.60 | Low |
| 14:00 | US | Michigan Current Conditions | 51.8 | 54.8 | 51.8 | 51.80 | Low |
| 15:00 | US | Kansas Fed Manufacturing Index | 17 | 14 | 15.50 | Low | |
| 15:00 | US | Kansas Fed Composite Index | 9 | 8 | 9.00 | Low | |