Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS ISM Services Employment fell to 47.9 in May 2026
FMPMonthlyReleased June 2026
US ISM Services Employment fell to 47.9 in May 2026, released June 2026, down 0.1 from April's 48 reading. The reading matched the 48.1 consensus. Year-over-year, the indicator is down 2.8. Over the past 3 months, ISM Services Employment averaged 46.6, vs 51.37 in the prior 3-month window. The reading is in the 28th percentile of the trailing 24-month range.
Latest Release
47.9
Actual
48.1
Consensus
48
Previous
Median Absolute Error
±1.55
across last 12 releases
Last Call
Jun 2026
Predicted: 48.1
Actual: 47.9
Error: +0.2
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 |
|---|---|---|---|---|---|
| AAPL | ▼ Inverse | −0.77 | STOCKS | Bearish AAPL | → View |
| AUD/USD | ▲ Direct | +0.59 | FOREX | Bullish AUD | → View |
| NZD/USD | ▲ Direct | +0.57 | FOREX | Bullish NZD | → View |
| USD/JPY | ▼ Inverse | −0.41 | FOREX | Bearish USD | → View |
| GOOGL | ▲ Direct | +0.40 | STOCKS | Bullish GOOGL | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
ISM Services Employment (United States) was reported at 47.90 in June 2026. This missed the market consensus of 48.10 by 0.20. The reading fell from the previous value of 48.00. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 48.80, ranging from 46.40 to 52.00 across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 50.00, up from the prior three at 49.70. Volatility over the past year (σ 2.01) is lower than the prior year (σ 2.39). In June readings over the past 3 years, ISM Services Employment has averaged 48.57.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with AAPL (Bearish AAPL). A secondary relationship exists with AUD/USD, positively correlated (Bullish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 1.55.
WHAT TO WATCH NEXT
The next release is scheduled for July 6, 2026. Same-country events in the next 14 days include NY Empire State Manufacturing Index (Jun 15) and Industrial Production MoM (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
SHARE
ISM Services Employment - US
Loading chart data...
About ISM Services Employment — United States
DEFINITION
The ISM Services Employment is a key financial indicator that measures the employment trends in the services sector of the economy. It is based on a survey of purchasing managers in various service industries, providing valuable insights into the overall health of the job market. This indicator is closely monitored by investors, policymakers, and businesses as it can indicate potential changes in consumer spending and economic growth. A higher ISM Services Employment reading suggests a strong labor market and potential for increased business activity, while a lower reading may signal a slowdown in job growth and economic activity.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 47.9, consensus 48.1. Prior reading (Apr 2026): 48. Before that (Mar 2026): 45.2.
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 headwind in the current projection. This indicator correlates most strongly with AAPL (Bearish AAPL, r=-0.77) — a useful reference for stocks-focused traders.