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. According to recent survey data about manufacturing firms in Texas, the seasonally adjusted diffusion index for the number of employees (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 8.2 in January 2026, compared to -1.4 in December 2025.
Sample. This monthly series has 260 observations in total. The series covers the period extending from June 2004 to January 2026.
History. Here's a glimpse of a few simple statistics we computed on the whole sample: the diffusion index had a mean value of 7.1; it recorded its maximum of 32.3 in April 2021; it hit a minimum of -50.0 in March 2009.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 1.0 |
| 2025-12-31 | -1.4 |
| 2026-01-31 | 8.2 |
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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) |
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