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 survey data about manufacturers collected by the Federal Reserve 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 8.0 in August 2026, compared to 12.2 in July 2026.
Sample. In the monthly time series displayed in the plot, there are 267 observations. The series covers the period going from June 2004 to August 2026.
History. Have a look at a few simple statistics calculated on the whole sample: the diffusion index had an average value of 7.1; it hit a minimum of -50.0 in March 2009; it reached a maximum of 32.3 in April 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-06-30 | 13.9 |
| 2026-07-31 | 12.2 |
| 2026-08-31 | 8.0 |
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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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