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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Employment Benefits QoQ fell to 1.0% in Q3 2026
FMPMonthlyReleased July 2026
US Employment Benefits QoQ fell to 1.0% in Q3 2026, down 0.2% from June's 1.2% reading.
Latest Release
1.000000
Actual
—
Consensus
1.200000
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 |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Moves with | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Moves against | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Employment Benefits QoQ (United States) was reported at 1% in July 2026. The reading fell from the previous value of 1.2%. Trailing 12-month context per ETL data through July 2026.
WHY IT MATTERS
The trailing three releases averaged 0.83%, up from the prior three at 0.8%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include NY Empire State Manufacturing Index (Sep 15) and NY Empire State Manufacturing Index (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Employment Benefits QoQ - US
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About Employment Benefits QoQ — United States
DEFINITION
Employment Benefits QoQ (Quarter over Quarter) is a financial indicator that measures the change in employee benefits from one quarter to the next. This includes benefits such as health insurance, retirement plans, and other non-wage compensation. It provides valuable insight into the overall health of a company's workforce and can be used to assess the company's financial stability and employee satisfaction. A positive QoQ growth in employment benefits indicates a strong and competitive benefits package, while a negative growth may suggest potential financial challenges or employee dissatisfaction. This indicator is commonly used by investors, analysts, and HR professionals to evaluate the financial performance and employee well-being of a company.
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 (Apr 2026): actual 1 %. Prior reading (Jan 2026): 1.2 %. Before that (Oct 2025): 0.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.
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Economic Calendar - US Events
| Friday, September 11, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | CPI s.a | 334.131 | 332.81 | 334.14 | 334.14 | Medium |
| 12:30 | US | Inflation Rate YoY | 3.4 | 3.4 | 3.4 | 3.40 | High |
| 12:30 | US | Core Inflation Rate MoM | 0.3 | 0.2 | 0.2 | 0.25 | High |
| 12:30 | US | Core Inflation Rate YoY | 2.4 | 2.5 | 2.4 | 2.40 | High |
| 12:30 | US | Inflation Rate MoM | 0.4 | 0.1 | 0.4 | 0.40 | High |
| 12:30 | US | CPI | 334.98 | 333.92 | 334.85 | 334.92 | Medium |
| 14:00 | US | Michigan Current Conditions | 50.9 | 51.9 | 51.3 | 51.10 | Low |
| 14:00 | US | Michigan Consumer Expectations | 45.8 | 51.5 | 50.5 | 48.15 | Low |
| 14:00 | US | Michigan 5 Year Inflation Expectations | 3.4 | 3.3 | 3.2 | 3.30 | Low |
| 14:00 | US | Michigan Consumer Sentiment | 47.8 | 51.7 | 51 | 49.40 | High |
| 14:00 | US | Michigan Inflation Expectations | 4.6 | 4 | 3.9 | 4.25 | Low |
| 14:00 | US | Michigan 1 Year Inflation Expectations | 4.6 | 4 | 4.2 | 4.40 | Medium |
| 18:00 | US | Budget Balance | -167 | -432 | -404 | -285.50 | Medium |
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 15:30 | US | 3-Month Bill Auction | 3.8 | 3.8999 | 3.90 | Low | |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | NY Empire State Manufacturing Index | 20.6 | 15 | 10.85 | Medium | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Retail Sales MoM | -0.6 | 0.9 | 0.90 | High | |
| 12:30 | US | Retail Sales Ex Autos MoM | -0.3 | 0.5 | 0.50 | Medium | |
| 12:30 | US | Import Prices YoY | 5.9 | 6 | 6.35 | Low | |
| 12:30 | US | Retail Sales Ex Gas/Autos MoM | -0.2 | 0.1 | 0.10 | Low | |
| 12:30 | US | Retail Sales YoY | 5 | 4.3 | 4.30 | Low | |
| 12:30 | US | Export Prices MoM | -1.3 | -0.5 | -0.45 | Medium | |
| 12:30 | US | Import Prices MoM | -0.4 | 0.2 | 0.65 | Medium | |
| 12:30 | US | Export Prices YoY | 8.2 | 7.5 | 7.90 | Low | |
| 14:00 | US | Business Inventories MoM | 0 | 0.2 | 0.20 | Medium | |
| 14:00 | US | NAHB Housing Market Index | 35 | 34 | 33.50 | Medium | |
| 18:00 | US | Fed Interest Rate Decision | 3.75 | 4 | 4.00 | High | |