Texas Manufacturing Outlook Survey: Number of employees: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 unadjusted diffusion index for the number of employees (share of CEOs seeing a recent increase minus share reporting a decrease) was 11.4 in February 2026, compared to 6.2 in January 2026.
Sample. There are 260 records in the monthly series presented in the chart above. The series covers the time period extending from June 2004 to February 2026.
History. Check out a few statistics we computed on the entire sample: the diffusion index attained a maximum of 34.9 in April 2021; it hit a minimum of -46.6 in March 2009; it was equal on average to 7.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | -5.4 |
| 2026-01-31 | 6.2 |
| 2026-02-28 | 11.4 |
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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 | No |
| 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.