Kansas City Fed Manufacturing Survey: Number of employees: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - 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 adjusted diffusion index for number of employees was 8.0 (share of CEOs seeing a future increase minus share forecasting a decrease) in September 2026, compared to 12.0 in August 2026.
Sample. This monthly time series has a total of 303 records. The time range covered by the series is from July 2001 to September 2026.
History. Here are some statistics we calculated on the full sample: the diffusion index had a mean value of 14.9; it reached a maximum of 53.0 in April 2021; it recorded a minimum of -38.0 in February 2009.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 17.0000 |
| 2026-08-31 | 12.0000 |
| 2026-09-30 | 8.00000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will the number of employees 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 | 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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