Average Fed Srv Survey: Wages: 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 wages was 22.2 (share of CEOs seeing a recent increase minus share reporting a decrease) in September 2026, compared to 25.8 in the previous month.
Sample. This monthly series has 153 records in total. The series covers the span of time stretching from January 2014 to September 2026.
History. Have a look at some summary statistics computed on the entire sample: the diffusion index reached its minimum of -21.0 in April 2020; it recorded its highest level of 47.7 in January 2022; it had a mean value of 25.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 23.9000 |
| 2026-08-31 | 25.8000 |
| 2026-09-30 | 22.2000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did wages and benefits 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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