Kansas City Fed Manufacturing Survey: Number of employees: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Kansas City Fed - Monthly
This series is part of the dataset: Kansas City Fed Manufacturing Survey
Download Full Dataset (.xlsx)Latest updates. According to recent survey data about manufacturing firms in the Tenth Federal Reserve District, the seasonally unadjusted diffusion index for number of employees was -2.0 (share of CEOs seeing a recent increase minus share reporting a decrease) in September 2026, compared to -1.0 in August 2026.
Sample. In this monthly series, there are 303 data points. The series covers the time range extending from July 2001 to September 2026.
History. Here's a glimpse of some descriptive statistics computed on the whole sample: the diffusion index had a mean of 3.0; it reached its lowest level of -41.0 in March 2009; it achieved a maximum of 35.0 in October 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 1.00000 |
| 2026-08-31 | -1.00000 |
| 2026-09-30 | -2.00000 |
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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 |
| Seasonally adjusted | No |
| 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 | Federal Reserve Bank of Kansas City |
| Source type | Central bank |
| Data licence | Reproduction allowed subject to conditions |
| Other information | FS correspondence: Number of employees |
| FSR temporal aggregation code | LM01 |
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