Empire State Manufacturing Survey: Number of employees: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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, the seasonally unadjusted diffusion index for the number of employees (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 7.9 in September 2026, compared to 11.3 in August.
Sample. In this monthly time series, there are 303 records in total. The time period covered by the series stretches from July 2001 to September 2026.
History. Here's a peek at some statistics calculated on the entire sample: the diffusion index averaged 4.1; it reached its highest level of 30.8 in May 2004; it recorded a bottom of -48.4 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 12.0000 |
| 2026-08-31 | 11.3000 |
| 2026-09-30 | 7.90000 |
Nugget of wisdom. To facilitate exploration, we categorize time series into worksheets and datasets. By moving down the page, you will find how we arranged further information related to the statistics published here.
Not for investment purposes. Data and any other information found on FetchSeries are not intended for investment purposes or as a basis for financial-decision making. Users should seek expert advice and do independent analysis before pledging money to any investment.
Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did the number of employees increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | No |
| Rescaling | None |
| Frequency | Monthly |
| 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.