Average Fed Srv Survey: Hours worked / average workweek: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly
This series is part of the dataset: Average Fed Srv Survey (FetchSeries Research)
Download Full Dataset (.xlsx)Latest updates. Based on an average of regional Federal Reserve services surveys, the seasonally unadjusted diffusion index for hours worked / average workweek was 1.7 (share of CEOs seeing a recent increase minus share reporting a decrease) in September 2026, versus -4.2 in August 2026.
Sample. In the monthly series presented in the figure, there are 153 records overall. The time range covered by the series extends from January 2014 to September 2026.
History. Here's a snapshot of a few descriptive statistics computed on the entire sample: the diffusion index had an average value of 6.5; it hit a trough of -47.1 in April 2020; it recorded its maximum of 20.7 in April 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 5.60000 |
| 2026-08-31 | -4.20000 |
| 2026-09-30 | 1.73333 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did hours worked or the average employee workweek 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 | FetchSeries Research calculations on Federal Reserve data |
| Source type | Data research lab |
| Data licence | Creative Commons Attribution 4.0 International (CC BY 4.0) + FetchSeries disclaimers |
| Other information | Arithmetic average across 4 regional Federal Reserve services surveys |
| FSR temporal aggregation code | LM01 |
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