Texas Service Sector Outlook Survey: Employment: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly
This series is part of the dataset: Texas Service Sector Outlook Survey (Dallas FED)
Download Full Dataset (.xlsx)Latest updates. Based on a sample of service-sector firms surveyed by the Fed, the seasonally adjusted diffusion index for employment (share of CEOs seeing a recent increase minus share reporting a decrease) was 4.1 in September 2026, compared to 0.8 in the previous month.
Sample. The monthly series displayed in the plot has 237 data points. The time period covered by the series goes from January 2007 to September 2026.
History. Here’s a quick look at a few descriptive statistics we calculated on the full sample: the diffusion index reached its lowest level of -34.3 in April 2020; it reached its highest level of 21.8 in January 2007; it had a mean of 5.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 2.60000 |
| 2026-08-31 | 0.800000 |
| 2026-09-30 | 4.10000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did employment 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) |
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