Average Fed Mfg Survey: Average employee workweek: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly
This series is part of the dataset: Average Fed Mfg Survey (FetchSeries Research)
Download Full Dataset (.xlsx)Latest updates. Based on an average of regional Federal Reserve manufacturing surveys, the seasonally adjusted diffusion index for average employee workweek stood at 13.6 (share of CEOs seeing a future increase minus share forecasting a decrease) in September 2026, compared to 10.5 in August 2026.
Sample. The monthly time series plotted above has 268 observations. The time range covered by the series stretches from June 2004 to September 2026.
History. Take a look at a few descriptive statistics calculated on the whole sample: the diffusion index recorded its maximum of 21.5 in June 2021; it hit a trough of -12.2 in January 2009; it was equal on average to 7.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 7.45000 |
| 2026-08-31 | 10.5000 |
| 2026-09-30 | 13.5750 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will the average employee workweek increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading indicator of the business cycle |
| Seasonally adjusted | Yes |
| Deflation method | Not applicable |
| Rescaling | None |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | FetchSeries Research calculations on Federal Reserve data |
| Source type | Data research lab |
| Data licence | Creative Commons Attribution 4.0 International (CC BY 4.0) + FetchSeries disclaimers |
| Other information | Arithmetic average across 5 regional Federal Reserve manufacturing surveys |
| FSR temporal aggregation code | LM01 |
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