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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Employment Wages QoQ fell to 0.7% in Q1 2026
FMPMonthlyReleased February 2026
US Employment Wages QoQ fell to 0.7% in Q1 2026, released February 2026, down 0.1% from December's 0.8% reading.
Latest Release
0.700000
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 | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → 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 0.8% in April 2026. The reading rose from the previous value of 0.7%. Trailing 12-month context per ETL data through February 2026.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.83%, up from the prior three at 0.67%.
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 MBA 30-Year Mortgage Rate (Jun 17) and Retail Sales MoM (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update February 2026.
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Employment Wages QoQ - US
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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 (Jan 2026): actual 0.8 %. Prior reading (Oct 2025): 0.7 %. Before that (Jul 2025): 0.8 %.
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.