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New data ISM Services Employment (Jan)

2/5/2025

actual 52.3, previous 51.3

The ISM Services Employment report for January is scheduled to be released on February 5, 2025, at 15:00 GMT. This report measures the employment trends in the services sector in the United States.

The actual value for this report is 52.3, which is higher than both the previous value of 51.3 and the estimated value of 51.3. This indicates an increase in employment in the services sector compared to the previous month.

The impact of this event on the market is considered low. An increase in employment in the services sector can be seen as a positive sign for the overall economy, as it may indicate growth and increased consumer spending.

Overall, the higher-than-expected employment data in the services sector could potentially have a positive impact on the US dollar and the broader financial markets.

This is not investment advice. Remember to verify the information provided here.

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