Kansas City Fed Services Survey: Number of employees: 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 number of employees (share of CEOs seeing a recent increase minus share reporting a decrease) stood at -16.0 in September 2026, versus -4.0 in August.
Sample. This monthly series has 153 observations in total. The time span covered by the series extends from January 2014 to September 2026.
History. Here's a snapshot of a few summary statistics we calculated on the whole sample: the diffusion index recorded its highest level of 29.0 in June 2022; it hit a trough of -36.0 in April 2020; it averaged 4.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 2.00000 |
| 2026-08-31 | -4.00000 |
| 2026-09-30 | -16.0000 |
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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 | 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: Number of employees |
| FSR temporal aggregation code | LM01 |
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