Texas Manufacturing Outlook Survey: Number of employees: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 a sample of manufacturing firms surveyd by the FED, the seasonally unadjusted diffusion index for the number of employees (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 12.7 in September 2026, compared to 7.3 in August.
Sample. In this monthly series, there are a total of 267 records. The series covers the time span extending from June 2004 to September 2026.
History. Check out a few descriptive statistics computed on the whole sample: the diffusion index reached its lowest level of -46.6 in March 2009; it recorded its maximum of 34.9 in April 2021; it had an average value of 7.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 11.1000 |
| 2026-08-31 | 7.30000 |
| 2026-09-30 | 12.7000 |
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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 | No |
| 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) |
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