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 based in Texas, the seasonally unadjusted diffusion index for the number of employees (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 6.2 in January 2026, versus -5.4 in December 2025.
Sample. There are 259 data points overall in the monthly time series presented in the chart above. The time range covered by the series stretches from June 2004 to January 2026.
History. Here are some statistics we computed on the whole sample: the diffusion index had a mean of 7.0; it reached its maximum of 34.9 in April 2021; it reached a trough of -46.6 in March 2009.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | -2.9 |
| 2025-12-31 | -5.4 |
| 2026-01-31 | 6.2 |
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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 | 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.