Kansas City Fed Services Survey: Hours worked: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Kansas City Fed - Monthly
This series is part of the dataset: Kansas City Fed Services Survey
Download Full Dataset (.xlsx)Latest updates. According to recent survey data about services firms in the Tenth Federal Reserve District, the seasonally unadjusted diffusion index for hours worked (share of CEOs seeing a recent increase minus share reporting a decrease) was -5.0 in September 2026, versus -3.0 in August.
Sample. In this monthly time series, there are 153 observations overall. The series covers the period extending from January 2014 to September 2026.
History. Here’s a quick look at a few simple statistics we calculated on the whole sample: the diffusion index hit a trough of -59.0 in April 2020; it attained a maximum of 36.0 in April 2021; it had an average value of 5.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 4.00000 |
| 2026-08-31 | -3.00000 |
| 2026-09-30 | -5.00000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did employee hours worked 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 | Federal Reserve Bank of Kansas City |
| Source type | Central bank |
| Data licence | Reproduction allowed subject to conditions |
| Other information | FS correspondence: Hours worked |
| FSR temporal aggregation code | LM01 |
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