Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Employment Wages QoQ climbed to 0.9% in Q3 2026
FMPMonthlyReleased July 2026
US Employment Wages QoQ climbed to 0.9% in Q3 2026, up 0.1% from June's 0.8% reading.
Latest Release
0.900000
Actual
—
Consensus
0.800000
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 Wages QoQ (United States) was reported at 0.9% in July 2026. The reading rose from the previous value of 0.8%. Trailing 12-month context per ETL data through July 2026.
WHY IT MATTERS
The trailing three releases averaged 0.8%, up from the prior three at 0.77%.
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 Import Prices MoM (Oct 16) and Export Prices MoM (Oct 16).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
SHARE
Employment Wages QoQ - US
Loading chart data...
About Employment Wages QoQ — United States
DEFINITION
Employment Wages QoQ (Quarter-over-Quarter) is a financial indicator that measures the change in average wages earned by employees in a specific quarter compared to the previous quarter. It provides valuable insights into the overall health of the job market and the purchasing power of workers. This indicator is closely monitored by economists, policymakers, and investors as it can impact consumer spending, inflation, and economic growth. A positive QoQ growth in employment wages indicates a strong labor market and potential for increased consumer spending, while a negative growth may signal a weakening economy.
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 0.9 %. Prior reading (Jan 2026): 0.8 %. Before that (Oct 2025): 0.7 %.
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 S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - US Events
| Wednesday, October 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Inflation Rate YoY | 3.7 | 3.4 | 3.6 | 3.65 | High |
| 12:30 | US | Core Inflation Rate YoY | 2.6 | 2.4 | 2.5 | 2.55 | High |
| 12:30 | US | CPI s.a | 336.3 | 334.13 | 335.8 | 336.05 | High |
| 12:30 | US | Core Inflation Rate MoM | 0.3 | 0.3 | 0.2 | 0.25 | High |
| 12:30 | US | Inflation Rate MoM | 0.6 | 0.4 | 0.6 | 0.60 | High |
| 12:30 | US | Inflation Rate | 336.94 | 334.98 | 336.65 | 336.79 | High |
| 20:30 | US | API Crude Oil Stock Change | -11.1 | -2.09 | 1.9 | -4.60 | Medium |
| 21:00 | US | API Crude Oil Stock Change | -11.1 | -2.09 | 1.9 | -4.60 | Medium |
| Thursday, October 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Producer Price Index YoY | 6.3 | 5.6 | 5.3 | 5.80 | Low |
| 12:30 | US | Philadelphia Fed Manufacturing Index | 20.9 | 37.8 | 28.4 | 33.63 | Medium |
| 12:30 | US | NY Empire State Manufacturing Index | 25.5 | 7.6 | 10.3 | 17.90 | High |
| 12:30 | US | Core PPI YoY | 5 | 4.8 | 4.4 | 4.70 | Low |
| 12:30 | US | Continuing Jobless Claims | 1710 | 1714 | 1710 | 1706.25 | High |
| 12:30 | US | PPI Ex Food, Energy and Trade YoY | 5 | 4.8 | 4.7 | 4.85 | Low |
| 12:30 | US | Producer Price Index MoM | 1.3 | 0.5 | 0.5 | 0.90 | High |
| 12:30 | US | PPI Ex Food, Energy and Trade MoM | 0.5 | 0.3 | 0.3 | 0.40 | Low |
| 12:30 | US | Initial Jobless Claims | 199 | 198 | 200 | 197.50 | High |
| 12:30 | US | Producer Price Index | 159.78 | 157.411 | 159.1 | 159.44 | Low |
| 12:30 | US | Jobless Claims 4-Week Average | 198.5 | 198.25 | 199 | 198.44 | High |
| 12:30 | US | Core PPI MoM | 0.7 | 0.2 | 0.3 | 0.50 | Medium |
| 12:30 | US | Retail Sales MoM | 0.1 | 1.2 | 0.3 | 0.25 | High |
| 12:30 | US | Retail Sales Ex Autos MoM | 0.9 | 1.4 | 0.5 | 0.57 | High |
| 12:30 | US | Retail Sales Ex Gas/Autos MoM | 0.2 | 1.1 | 0.2 | 0.23 | High |
| 12:30 | US | Retail Sales YoY | 6.3 | 5.6 | 5.2 | 5.47 | High |
| 14:00 | US | Business Inventories MoM | 0.4 | 0.9 | 0.4 | 0.40 | Medium |
| 14:00 | US | Retail Inventories Ex Autos MoM | 0 | 0.8 | 0.1 | 0.05 | Low |
| 14:30 | US | EIA Natural Gas Stocks Change | 67 | 85 | 76 | 73.25 | Low |
| 15:00 | US | Atlanta Fed GDPNow | 3.6 | 3.6 | 3.6 | 3.67 | Medium |
| 15:30 | US | Atlanta Fed GDPNow | 3.6 | 3.6 | 3.6 | 3.67 | Medium |
| 16:00 | US | EIA Gasoline Stocks Change | 3.518 | 0.382 | -0.5 | 1.51 | Medium |
| 16:00 | US | EIA Crude Oil Stocks Change | -8.557 | -3.186 | -0.3 | -4.43 | Medium |
| 16:00 | US | EIA Distillate Stocks Change | -2.527 | -0.042 | -1.6 | -2.06 | Low |