Kansas City Fed Services 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 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 number of employees (share of CEOs seeing a recent increase minus share reporting a decrease) was -16.0 in September 2026, compared to -4.0 in August.
Sample. There are 153 observations in the monthly time series shown in the chart above. The time period covered by the series extends from January 2014 to September 2026.
History. Here’s a quick look at a few descriptive statistics computed on the whole sample: the diffusion index reached a trough of -36.0 in April 2020; it recorded a maximum of 29.0 in June 2022; it was equal on average to 4.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 2.00000 |
| 2026-08-31 | -4.00000 |
| 2026-09-30 | -16.0000 |
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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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