Kansas City Fed Services Survey: Hours worked: 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 Services Survey
Download Full Dataset (.xlsx)Latest updates. According to recent survey data about services firms in the Tenth Federal Reserve District, the seasonally unadjusted diffusion index for hours worked (share of CEOs seeing a recent increase minus share reporting a decrease) was -5.0 in September 2026, compared to -3.0 in August 2026.
Sample. The monthly time series displayed in the plot has 153 observations in total. The time period covered by the series stretches from January 2014 to September 2026.
History. Here's a glimpse of some statistics calculated on the entire sample: the diffusion index had an average value of 5.1; it reached a trough of -59.0 in April 2020; it reached its maximum of 36.0 in April 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 4.00000 |
| 2026-08-31 | -3.00000 |
| 2026-09-30 | -5.00000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did employee hours worked 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: Hours worked |
| FSR temporal aggregation code | LM01 |
Series in the same data set
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