Diffusion index of employment change

{
  "id": "MLC-T-ECS-000509",
  "term": "Diffusion index of employment change",
  "field": "Economic statistics",
  "definition": "Index that measures the percentage of industries with increasing employment plus one-half of the industries with unchanged employment.\n\nNote: To derive an index, each component area is assigned a value of 0, 50, or 100 percent, depending on whether its employment showed a decrease, no change, or an increase, respectively, over the timespan of interest. The average (mean) value is then calculated, and this percentage is the diffusion index number. Fifty percent indicates an equal balance between industries with increasing and decreasing employment.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/diffusion-index-of-employment-change/"
}