Texas Service Sector Outlook Survey: Hours worked: 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. Based on a sample of service-sector firms surveyed by the Fed, the seasonally adjusted diffusion index for hours worked (share of CEOs seeing a future increase minus share forecasting a decrease) was 6.6 in September 2026, compared to 5.7 in the previous month.
Sample. There are 237 observations overall in the monthly time series shown in the plot above. The series covers the time range stretching from January 2007 to September 2026.
History. Here's a peek at a few simple statistics we calculated on the full sample: the diffusion index was equal on average to 5.8; it reached a trough of -19.7 in March 2020; it peaked at 17.6 in April 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 4.20000 |
| 2026-08-31 | 5.70000 |
| 2026-09-30 | 6.60000 |
Nugget of wisdom. We group indicators into worksheets and datasets to make our users' life easier. Scrolling downwards, you will discover how we structured further information related to the statistics provided here.
Not for investment purposes. Data and any other information collected and published on FetchSeries are not suitable for investment purposes or as a basis for financial-decision making. Users should ask for expert advice and perform independent analysis before taking any financial risk.
Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will hours worked 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.