Fifth District Survey of Manufacturing Activity: Average employee workweek: Current (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. According to survey data about manufacturers based in the Fifth District, the seasonally unadjusted diffusion index for the average employee workweek (share of CEOs seeing a recent increase minus share reporting a decrease) was -4.0 in May 2022, compared to 15.0 in April.
Sample. There are 259 records overall in the monthly series presented in the graph above. The series covers the time range extending from January 1993 to May 2022.
History. Here are some descriptive statistics we computed on the entire sample: the diffusion index hit a trough of -41.0 in March 2009; it peaked at 26.0 in March 2004; it had a mean of 1.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2022-03-31 | 16.0 |
| 2022-04-30 | 15.0 |
| 2022-05-31 | -4.0 |
Suggestion. We organize time series into data sets and worksheets to simplify exploration. When you look below, you will find how we arranged further information related to the statistics provided here.
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did 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 |
| 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) |