Texas Manufacturing Outlook Survey: Number of employees: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly
This series is part of the dataset: Texas Manufacturing Outlook Survey (Dallas FED)
Download Full Dataset (.xlsx)Latest updates. Based on firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally adjusted diffusion index for the number of employees (share of CEOs seeing a recent increase minus share reporting a decrease) was 15.1 in September 2026, compared to 8.0 in August 2026.
Sample. There are 268 records overall in the monthly time series shown in the plot above. The series covers the span of time extending from June 2004 to September 2026.
History. Here's a glimpse of some simple statistics we calculated on the entire sample: the diffusion index hit a peak of 32.3 in April 2021; it reached a trough of -50.0 in March 2009; it had an average value of 7.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 12.2000 |
| 2026-08-31 | 8.00000 |
| 2026-09-30 | 15.1000 |
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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 |
| Deflation method | Not applicable |
| Seasonally adjusted | Yes |
| Rescaling | None |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of Dallas |
| Source type | Central bank |
| Data licence | Not copyrightable under U.S. law |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
Series in the same data set
Discover the other time series included in this data set.