{"meta":{"index":"Fractional Working Index (FWI)","description":"Composite score measuring the health and momentum of the fractional executive market across demand, supply, and culture signals.","publisher":"Fractionl","owner":{"name":"Krish Raja","organisation":"Fractionl","corrections":"hello@krishraja.com"},"version":"2.0","method":{"id":"fwi-v2-2026-10-26","effective":"2026-10-26","computed_at":"2026-10-26T06:01:12.968Z","link_offset":-9.5,"link_window":{"n":28,"last":"2026-10-25","first":"2026-09-28"}},"methodologyUrl":"https://pulse.fractionl.ai/methodology","changelogUrl":"https://pulse.fractionl.ai/changelog","validation":{"status":"not validated","detail":"No held-out measure tested so far supports the index; results with their n are on the methodology page.","url":"https://pulse.fractionl.ai/methodology#validation"},"citation":"Fractional Working Index (FWI), Pulse by Fractionl: 47 (43 to 50) on 29 October 2026. https://pulse.fractionl.ai","asOf":"2026-10-29","methodology":"FWI = (Demand × 0.5) + (Supply × 0.2) + (Culture × 0.3) + -9.5 (link fixed at the 2026-10-26 seam), rounded to a whole number","scale":"0-100: <30 Contracting · 30-44 Cooling · 45-59 Stable · 60-74 Growing · 75+ Surging","dataSource":"live","dataCompleteness":1,"dataCompletenessNote":"Weighted tracked-input coverage for this reading. Inputs are not all statistically independent, and the value does not measure prediction accuracy.","nextUpdate":"2026-11-01T00:00:00.000Z"},"score":{"overall":47,"band":{"low":43,"high":50,"kind":"interquartile range of 500 seeded draws resampling each pillar's source votes; not a confidence interval on the market"},"display":"47 (43 to 50)","label":"Stable","emoji":"➡️","delta30d":-6,"delta30dComparedWith":"2026-09-29","components":{"demand":{"score":62,"weight":0.5,"sources":["Adzuna US job postings naming six fractional roles","Google Jobs results for six fractional roles (DataForSEO)","SEC Form D technology filings, 90 days (financing context)"]},"supply":{"score":50,"weight":0.2,"sources":["Google result count for LinkedIn profiles naming four fractional roles (DataForSEO), 14-day median","Census business applications, professional services (NAICS 54), seasonally adjusted","BLS incorporated self-employed, year-over-year change"],"status":"live","note":null},"culture":{"score":50,"weight":0.3,"sources":["NewsAPI article count, 28 days","Hacker News stories and comments naming fractional and interim executive roles, 30 days","Wikipedia pageviews of the interim management and fractional executive articles, 7-day average","Google Trends search interest (DataForSEO), scored against its own trailing 28 days"]}}},"contributors":[{"source":"adzuna","name":"Adzuna US job postings naming six fractional roles","pillar":"demand","value":59.5,"asOf":"2026-10-29","carried":false},{"source":"serpapi_jobs","name":"Google Jobs results for six fractional roles (DataForSEO)","pillar":"demand","value":41.8,"asOf":"2026-10-29","carried":false},{"source":"sec_edgar","name":"SEC Form D technology filings, 90 days (financing context)","pillar":"demand","value":84,"asOf":"2026-10-29","carried":false},{"source":"serpapi_linkedin","name":"Google result count for LinkedIn profiles naming four fractional roles (DataForSEO), 14-day median","pillar":"supply","value":51.2,"asOf":"2026-10-29","carried":false},{"source":"census_bfs_pbs","name":"Census business applications, professional services (NAICS 54), seasonally adjusted","pillar":"supply","value":66,"asOf":"2026-10-29","carried":false},{"source":"bls_incorporated","name":"BLS incorporated self-employed, year-over-year change","pillar":"supply","value":34,"asOf":"2026-10-29","carried":false},{"source":"newsapi","name":"NewsAPI article count, 28 days","pillar":"culture","value":50,"asOf":"2026-10-29","carried":false},{"source":"trial_hn_wide","name":"Hacker News stories and comments naming fractional and interim executive roles, 30 days","pillar":"culture","value":51,"asOf":"2026-10-29","carried":false},{"source":"trial_wikipedia","name":"Wikipedia pageviews of the interim management and fractional executive articles, 7-day average","pillar":"culture","value":47,"asOf":"2026-10-29","carried":false},{"source":"trial_trends","name":"Google Trends search interest (DataForSEO), scored against its own trailing 28 days","pillar":"culture","value":53,"asOf":"2026-10-29","carried":false}],"topMovers":[{"role":"Fractional CFO","signalType":"demand","changePct":68,"insight":"262 jobs - above market average"},{"role":"Interim CEO","signalType":"demand","changePct":-38,"insight":"6 jobs - below market average"},{"role":"Fractional CRO","signalType":"demand","changePct":-31,"insight":"8 jobs - below market average"},{"role":"Fractional CMO","signalType":"demand","changePct":1,"insight":"23 jobs - above market average"}],"signals":{"demand":{"description":"Job posting volume for fractional C-suite roles + VC funding pipeline via SEC filings","roles":["Fractional CFO","Fractional CMO","Fractional CTO","Fractional COO","Fractional CRO","Interim CEO"],"sources":["Adzuna job API","DataForSEO Google Jobs","SEC EDGAR Form D filings"],"leadingIndicator":"SEC Form D filings provide financing context. Their relationship to future fractional demand has not been validated."},"supply":{"description":"Availability and growth of fractional executive talent pool from multiple sources","sources":["Google result count for LinkedIn profiles naming four fractional roles (DataForSEO), 14-day median","Census business applications, professional services (NAICS 54), seasonally adjusted","BLS incorporated self-employed, year-over-year change"]},"culture":{"description":"Market attention: news, Hacker News and Wikipedia","sources":["NewsAPI article count, 28 days","Hacker News stories and comments naming fractional and interim executive roles, 30 days","Wikipedia pageviews of the interim management and fractional executive articles, 7-day average","Google Trends search interest (DataForSEO), scored against its own trailing 28 days"]},"context":{"description":"Macro economic context signals (not used in composite score)","sources":["BLS JOLTS job openings, unemployment and wages","FRED macro series (JOLTS, unemployment, jobless claims)","Census ACS self-employment data","OpenAlex academic and thought-leadership coverage"]}}}