Diffusion indexes: a barometer of the economy.

Monthly Labor Review | April 1, 1990| | Copyright

BLS diffusion indexes measure the breadth of employment change across industries, which is helpful in assessing the overall state of the economy, while also serving as a potential leading indicator of manufacturing employment levels

The Bureau of Labor Statistics has improved the diffusion index of employment produced as part of the Bureau's Current Employment Statistics program. The old diffusion index, which included 185 industries, was replaced with a broader-based index, with 349 component industries. (1) This expanded index, which covers all nonagricultural ...

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