Empire State Manufacturing Survey: Number of employees: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - NY FED - Monthly
This series is part of the dataset: Empire State Manufacturing Survey (NY FED)
Download Full Dataset (.xlsx)Latest updates. According to recent survey data about manufacturing firms in the State of New York, the seasonally unadjusted diffusion index for the number of employees (share of CEOs seeing a recent increase minus share reporting a decrease) was 12.9 in June 2026, compared to 12.6 in the previous month.
Sample. There are 300 records overall in the monthly series presented in the figure above. The period covered by the series goes from July 2001 to June 2026.
History. Here's a snapshot of some simple statistics we calculated on the whole sample: the diffusion index recorded a bottom of -48.4 in April 2020; it peaked at 30.8 in May 2004; it had an average value of 4.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-04-30 | 12.1 |
| 2026-05-31 | 12.6 |
| 2026-06-30 | 12.9 |
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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 |
| Deflation method | Not applicable |
| Seasonally adjusted | No |
| Rescaling | None |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of New York |
| Source type | Central bank |
| Data licence | Free use subject to conditions |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
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