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. Based on firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally unadjusted diffusion index for the number of employees (share of CEOs seeing a recent increase minus share reporting a decrease) was 4.0 in May 2026, compared to 1.5 in the previous month.
Sample. This monthly series has 263 records in total. The series covers the time span extending from June 2004 to May 2026.
History. Check out some statistics computed on the entire sample: the diffusion index had an average value of 7.0; it hit a minimum of -46.6 in March 2009; it recorded its highest level of 34.9 in April 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-31 | 2.5 |
| 2026-04-30 | 1.5 |
| 2026-05-31 | 4.0 |
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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 | 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.