Empire State Manufacturing Survey: Average employee workweek: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - NY FED - Monthly
This series is part of the dataset: Empire State Manufacturing Survey (NY FED)
Download Full Dataset (.xlsx)Latest updates. According to survey data about NY-based manufacturers collected by the Federal Reserve, the seasonally adjusted diffusion index for the average employee workweek (share of CEOs seeing a future increase minus share forecasting a decrease) was 2.0 in September 2025, compared to 0.0 in August.
Sample. The montly time series displayed in the figure has a total of 291 observations. The series covers the period stretching from July 2001 to September 2025.
History. Here's a glimpse of some summary statistics we computed on the whole sample: the diffusion index had a mean value of 7.3; it recorded its maximum of 33.0 in February 2002; it recorded a bottom of -13.8 in February 2009.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-07-31 | -0.9 |
| 2025-08-31 | 0.0 |
| 2025-09-30 | 2.0 |
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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 |
| Deflation method | Not applicable |
| Seasonally adjusted | Yes |
| Rescaling | None |
| Frequency | Montly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of New York |
| Source type | Central bank |
| Data licence | Free use subject to conditions |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
Series in the same data set
Discover the other time series included in this data set.