Fifth District Survey of Manufacturing Activity: Availability of skills needed: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly
This series is part of the dataset: Fifth District Survey of Manufacturing Activity (Richmond FED)
Download Full Dataset (.xlsx)Latest updates. Based on firms' responses to the Fifth District Survey of Manufacturing Activity carried out by the Richmond FED, the seasonally unadjusted diffusion index for the availability of skills needed (share of CEOs seeing a future increase minus share forecasting a decrease) stood at 1.0 in May 2026, compared to -4.0 in April 2026.
Sample. There are 187 observations overall in the monthly series displayed in the chart above. The series covers the period going from February 2010 to May 2026.
History. Here’s a quick look at a few descriptive statistics computed on the entire sample: the diffusion index had an average value of -3.4; it reached a trough of -30.0 in May 2021; it recorded its maximum of 14.0 in May 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-31 | -1.0 |
| 2026-04-30 | -4.0 |
| 2026-05-31 | 1.0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will the availability of skills needed increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | No |
| Rescaling | None |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of Richmond |
| Source type | Central bank |
| Data licence | Not copyrightable under U.S. law |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
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