The ISM Non-Manufacturing Employment index is a sub-component of the Services PMI, reflecting hiring trends within the U.S. services sector. Since the services sector accounts for the vast majority of U.S. economic activity, this employment gauge provides critical insight into the health of the broader labor market. A reading above 50 indicates expansion in hiring, while a reading below 50 suggests contraction. It is often used by analysts to forecast the official Nonfarm Payrolls report.
It is derived from a monthly survey of purchasing managers in the non-manufacturing sector who report whether their companies are hiring more, fewer, or the same number of employees compared to the previous month.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 5, 2026 | 47.40 | 51.20 | -3.80 |
| Jul 6, 2026 | 51.20 | 48.20 | +3.00 |
| Jun 3, 2026 | 47.90 | 48.80 | -0.90 |
| May 5, 2026 | 48.00 | 48.30 | -0.30 |
| Apr 6, 2026 | 45.20 | 51.00 | -5.80 |
| Mar 4, 2026 | 51.80 | — | — |
| Feb 4, 2026 | 50.30 | 52.30 | -2.00 |
| Jan 7, 2026 | 52.00 | 49.00 | +3.00 |
| Dec 3, 2025 | 48.90 | — | — |
| Nov 5, 2025 | 48.20 | 47.60 | +0.60 |
| Oct 3, 2025 | 47.20 | 46.60 | +0.60 |
| Sep 4, 2025 | 46.50 | 46.70 | -0.20 |
| Aug 5, 2025 | 46.40 | — | — |
| Jul 3, 2025 | 47.20 | 49.50 | -2.30 |
| Jun 4, 2025 | 50.70 | 49.00 | +1.70 |
| May 5, 2025 | 49.00 | 47.00 | +2.00 |
| Apr 3, 2025 | 46.20 | 53.00 | -6.80 |
| Mar 5, 2025 | 53.90 | — | — |
| Feb 5, 2025 | 52.30 | — | — |
| Jan 7, 2025 | 51.40 | 51.40 | 0.00 |
| Dec 4, 2024 | 51.50 | 53.00 | -1.50 |
| Sep 5, 2024 | 50.20 | 50.50 | -0.30 |
| Aug 5, 2024 | 51.10 | 46.40 | +4.70 |
| Jul 3, 2024 | 46.10 | 49.00 | -2.90 |
| Mar 5, 2024 | 48.00 | 51.40 | -3.40 |
| Feb 5, 2024 | 50.50 | 49.40 | +1.10 |
| Apr 5, 2023 | 51.30 | 53.00 | -1.70 |
| Mar 3, 2023 | 54.00 | 50.10 | +3.90 |
| Feb 3, 2023 | 50.00 | 50.00 | 0.00 |
| Jan 6, 2023 | 49.80 | 50.00 | -0.20 |
| Dec 5, 2022 | 51.50 | 49.50 | +2.00 |
| Nov 3, 2022 | 49.10 | 51.00 | -1.90 |
| Oct 5, 2022 | 53.00 | 50.40 | +2.60 |
| Sep 6, 2022 | 50.20 | 50.40 | -0.20 |
| Aug 3, 2022 | 49.10 | 49.00 | +0.10 |
| Jul 6, 2022 | 47.40 | 50.60 | -3.20 |
| Jun 3, 2022 | 50.20 | 49.00 | +1.20 |
| May 4, 2022 | 49.50 | — | — |
| Apr 5, 2022 | 54.00 | 50.00 | +4.00 |
| Mar 3, 2022 | 48.50 | 53.00 | -4.50 |
| Feb 3, 2022 | 52.30 | 54.00 | -1.70 |
| Jan 6, 2022 | 54.90 | 55.00 | -0.10 |
| Dec 3, 2021 | 56.50 | 52.00 | +4.50 |
| Nov 3, 2021 | 51.60 | 52.00 | -0.40 |
| Oct 5, 2021 | 53.00 | 52.00 | +1.00 |
| Sep 3, 2021 | 53.70 | — | — |
