Texas Service Sector Outlook Survey: Employment: Future (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. According to survey data about service-sector firms collected by the Federal Reserve in Texas, the seasonally adjusted diffusion index for employment (share of CEOs seeing a future increase minus share forecasting a decrease) stood at 27.7 in September 2026, compared to 19.3 in August.
Sample. This monthly time series has 237 observations. The series covers the period going from January 2007 to September 2026.
History. Here's a glimpse of a few statistics we calculated on the full sample: the diffusion index had an average value of 22.8; it reached its highest level of 45.5 in November 2021; it hit a trough of -32.5 in March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 22.4000 |
| 2026-08-31 | 19.3000 |
| 2026-09-30 | 27.7000 |
Heads-up. A plus of using FetchSeries is that we publish accurate metadata. Check them below to learn more about the characteristics of the indicators that you analyze.
Not for investment purposes. Financial data disseminated on this web site are not intended for investment purposes or as a basis for making financial decisions. Users should obtain professional advice and do independent analysis before taking any financial risk.
Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will employment increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading 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.