United States USD

United States ISM Manufacturing Employment

Info

History

Chart

Impact:

Medium

Source: Institute for Supply Management

Latest Release:

Date:

Surprise:

-1.9

USD

Actual:

43.4

Forecast: 45.3

Previous/Revision:

Period: Jul

Next Release:

Date:

Forecast: 43.2

Period: Aug

What Does It Measure?

The ISM Manufacturing Employment index measures the employment trends within the manufacturing sector in the United States, specifically focusing on the level of employment relative to a previous period. This index is part of the broader ISM Manufacturing Purchasing Managers' Index (PMI) and serves as an indicator of labor market conditions, with a value above 50 indicating employment expansion and below 50 indicating contraction.

Frequency

The ISM Manufacturing Employment index is released monthly, typically on the first business day of the month, and it represents a final figure based on survey responses collected in the preceding month.

Why Do Traders Care?

Traders closely monitor the ISM Manufacturing Employment index as it provides insights into employment trends, which can influence broader economic conditions and financial markets. Strong results may strengthen the U.S. dollar and boost equities, whereas weaker readings can lead to bearish sentiment in both currency and stock markets.

What Is It Derived From?

The index is derived from a monthly survey conducted by the Institute for Supply Management (ISM), which collects responses from purchasing managers within the manufacturing sector. The survey employs a diffusion index approach, where positive responses indicate job growth, and negative responses indicate job declines, which are then weighted and aggregated to produce the overall index.

Description

Preliminary data from the ISM Manufacturing Employment index is based on early responses and is subject to revision, while final data, released later, provides a more accurate portrayal of employment trends within the manufacturing sector. The index is reported as a diffusion index, reflecting the percentage of firms reporting increasing employment against the total surveyed, and is often compared to other labor market indicators for context.

Additional Notes

The ISM Manufacturing Employment index serves as a coincident economic measure, reflecting current labor market conditions as they relate to manufacturing activity. It is often used alongside other economic indicators, such as the overall PMI and non-farm payroll data, to gauge the health of the economy and inform expectations about future growth.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for USD, Bullish for Stocks. Lower than expected: Bearish for USD, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Aug 01, 2025	43.4	45.3	45	-1.9
Jul 01, 2025	45	47	46.8	-2
Jun 02, 2025	46.8	47	46.5	-0.2
May 01, 2025	46.5	44.1	44.7	2.4
Apr 01, 2025	44.7	47.5	47.6	-2.8
Mar 03, 2025	47.6	50.6	50.3	-3
Feb 03, 2025	50.3	47	45.4	3.3
Jan 03, 2025	45.3	48	48.1	-2.7
Dec 02, 2024	48.1	47	44.4	1.1
Nov 01, 2024	44.4	45	43.9	-0.6
Oct 01, 2024	43.9	47	46	-3.1
Sep 03, 2024	46	43.6	43.4	2.4
Aug 01, 2024	43.4	49	49.3	-5.6
Jul 01, 2024	49.3	50	51.1	-0.7
Jun 03, 2024	51.1	48.5	48.6	2.6
May 01, 2024	48.6	48.2	47.4	0.4
Apr 01, 2024	47.4	46	45.9	1.4
Mar 01, 2024	45.9	47.5	47.1	-1.6
Feb 01, 2024	47.1	48.2	47.5	-1.1
Jan 03, 2024	48.1	46.1	45.8	2
Dec 01, 2023	45.8	46.6	46.8	-0.8
Nov 01, 2023	46.8	50.3	51.2	-3.5
Oct 02, 2023	51.2	48.3	48.5	2.9
Sep 01, 2023	48.5	44.2	44.4	4.3
Aug 01, 2023	44.4	48	48.1	-3.6
Jul 03, 2023	48.1	50.5	51.4	-2.4
Jun 01, 2023	51.4	49.8	50.2	1.6
May 01, 2023	50.2	45	46.9	5.2
Apr 03, 2023	46.9	50	49.1	-3.1
Mar 01, 2023	49.1	50.5	50.6	-1.4
Feb 01, 2023	50.6	49	50.8	1.6
Jan 04, 2023	51.4	48.3	48.4	3.1
Dec 01, 2022	48.4	49.1	50	-0.7
Nov 01, 2022	50	48.2	48.7	1.8
Oct 03, 2022	48.7	53	54.2	-4.3
Sep 01, 2022	54.2	49	49.9	5.2
Aug 01, 2022	49.9	47.4	47.3	2.5
Jul 01, 2022	47.3	50	49.6	-2.7
Jun 01, 2022	49.6	50.7	50.9	-1.1
May 02, 2022	50.9	56	56.3	-5.1
Apr 01, 2022	56.3	53.3	52.9	3
Mar 01, 2022	52.9	55	54.5	-2.1
Feb 01, 2022	54.5	54	53.9	0.5
Jan 04, 2022	54.2	53.5	53.3	0.7
Dec 01, 2021	53.3	52.4	52	0.9
Nov 01, 2021	52	50	50.2	2
Oct 01, 2021	50.2	49	49	1.2
Sep 01, 2021	49	52.3	52.9	-3.3
Aug 02, 2021	52.9	49.8	49.9	3.1
Jul 01, 2021	49.9	51	50.9	-1.1
Jun 01, 2021	50.9	55.3	55.1	-4.4
May 03, 2021	55.1	61.5	59.6	-6.4
Apr 01, 2021	59.6	56	54.4	3.6
Mar 01, 2021	54.4	53	52.6	1.4
Feb 01, 2021	52.6	51	51.7	1.6
Jan 05, 2021	51.5	48	48.4	3.5
Dec 01, 2020	48.4	51	53.2	-2.6
Nov 02, 2020	53.2	50	49.6	3.2
Oct 01, 2020	49.6	47	46.4	2.6
Sep 01, 2020	46.4	45.8	44.3	0.6
Aug 03, 2020	44.3	48.3	42.1	-4
Jul 01, 2020	42.1	43	32.1	-0.9
Jun 01, 2020	32.1	35	27.5	-2.9
May 01, 2020	27.5	37	43.8	-9.5
Apr 01, 2020	43.8	43.6	46.9	0.2
Mar 02, 2020	46.9	46.6	46.6	0.3
Feb 03, 2020	46.6	46.6	45.2
Jan 03, 2020	45.1	48	46.6	-2.9
Dec 02, 2019	46.6	48.2	47.7	-1.6
Nov 01, 2019	47.7	46.4	46.3	1.3
Oct 01, 2019	46.3	49.1	47.4	-2.8
Sep 03, 2019	47.4	51.5	51.7	-4.1
Aug 01, 2019	51.7	53.4	54.5	-1.7
Jul 01, 2019	54.5	52.8	53.7	1.7
Jun 03, 2019	53.7	52.5	52.4	1.2
May 01, 2019	52.4	55.8	57.5	-3.4
Apr 01, 2019	57.5	52.4	52.3	5.1
Mar 01, 2019	52.3		55.5
Feb 01, 2019	55.5		56
Jan 03, 2019	56.2		58.4
Dec 03, 2018	58.4	56.5	56.8	1.9
Nov 01, 2018	56.8	57.5	58.8	-0.7
Oct 01, 2018	58.8	58.1	58.5	0.7
Sep 04, 2018	58.5	56	56.5	2.5
Aug 01, 2018	56.5	56	56	0.5
Jul 02, 2018	56	57	56.3	-1
Jun 01, 2018	56.3	54.5	54.2	1.8
May 01, 2018	54.2	57	57.3	-2.8
Apr 02, 2018	57.3	54.5	59.7	2.8
Mar 01, 2018	59.7	57	54.2	2.7
Feb 01, 2018	54.2	57	58.1	-2.8
Jan 03, 2018	57	59	59.7	-2
Dec 01, 2017	59.7	60	59.8	-0.3
Nov 01, 2017	59.8	60	60.3	-0.2
Oct 02, 2017	60.3	58	59.9	2.3
Sep 01, 2017	59.9	54	55.2	5.9
Aug 01, 2017	55.2	55.1	57.2	0.1
Jul 03, 2017	57.2	53.3	53.5	3.9
Jun 01, 2017	53.5	52.8	52	0.7
May 01, 2017	52	56	58.9	-4
Apr 03, 2017	58.9	54.7	54.2	4.2
Mar 01, 2017	54.2	55.9	56.1	-1.7
Feb 01, 2017	56.1	53.1	52.8	3
Jan 03, 2017	53.1	52.5	52.3	0.6
Dec 01, 2016	52.3	52.3	52.9
Nov 01, 2016	52.9	50	49.7	2.9
Oct 03, 2016	49.7	49	48.3	0.7
Sep 01, 2016	48.3	49.6	49.4	-1.3
Aug 01, 2016	49.4	50.3	50.4	-0.9
Jul 01, 2016	50.4	49	49.2	1.4
Jun 01, 2016	49.2	49.7	49.2	-0.5
May 02, 2016	49.2	49	48.1	0.2
Apr 01, 2016	48.1	49.5	48.5	-1.4
Mar 01, 2016	48.5	46.4	45.9	2.1
Feb 01, 2016	45.9	48	48	-2.1
Jan 04, 2016	48.1	49.6	51.3	-1.5
Dec 01, 2015	51.3	48.5	47.6	2.8
Nov 02, 2015	47.6	50.1	50.5	-2.5
Oct 01, 2015	50.5	50.7	51.2	-0.2
Sep 01, 2015	51.2	55	52.7	-3.8
Aug 03, 2015	52.7	55	55.5	-2.3
Jul 01, 2015	55.5	52	51.7	3.5
Jun 01, 2015	51.7	49.2	48.3	2.5
May 01, 2015	48.3	50	50	-1.7