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. Based on firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally adjusted diffusion index for the number of employees (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 1.2 in November 2025, compared to 2.0 in October.
Sample. In this monthly series, there are 258 data points in total. The time range covered by the series extends from June 2004 to November 2025.
History. Here's a glimpse of some summary statistics calculated on the full sample: the diffusion index reached its lowest level of -50.2 in March 2009; it peaked at 31.8 in April 2021; it was equal on average to 7.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | -3.4 |
| 2025-10-31 | 2.0 |
| 2025-11-30 | 1.2 |
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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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