Kansas City Fed Manufacturing Survey: Number of employees: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Kansas City Fed - Monthly
This series is part of the dataset: Kansas City Fed Manufacturing Survey
Download Full Dataset (.xlsx)Latest updates. According to recent survey data about manufacturing firms in the Tenth Federal Reserve District, the seasonally adjusted diffusion index for number of employees stood at -6.0 (share of CEOs seeing a recent increase minus share reporting a decrease) in February 2026, compared to 0.0 in January.
Sample. There are 296 observations overall in the monthly series presented in the figure above. The series covers the time span stretching from July 2001 to February 2026.
History. Here's a snapshot of a few summary statistics we computed on the entire sample: the diffusion index recorded its highest level of 35.0 in October 2021; it recorded a minimum of -38.0 in March 2009; it had a mean value of 3.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | -4.0 |
| 2026-01-31 | 0.0 |
| 2026-02-28 | -6.0 |
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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 |
| Seasonally adjusted | Yes |
| 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 | Federal Reserve Bank of Kansas City |
| Source type | Central bank |
| Data licence | Reproduction allowed subject to conditions |
| Other information | FS correspondence: Number of employees |
| FSR temporal aggregation code | LM01 |
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