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 a sample of manufacturing firms surveyd by the FED, the seasonally adjusted diffusion index for the number of employees (share of CEOs seeing a recent increase minus share reporting a decrease) was 7.5 in February 2026, versus 8.2 in January.
Sample. In this monthly series, there are 261 observations. The span of time covered by the series goes from June 2004 to February 2026.
History. Take a look at a few statistics computed on the entire sample: the diffusion index had an average value of 7.1; it hit a trough of -50.0 in March 2009; it reached its highest level of 32.3 in April 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | -1.4 |
| 2026-01-31 | 8.2 |
| 2026-02-28 | 7.5 |
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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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