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 -2.9 in November 2025, compared to -1.4 in October.
Sample. In this monthly time series, there are 257 data points. The series covers the time range extending from June 2004 to November 2025.
History. Here's a peek at some descriptive statistics we computed on the entire sample: the diffusion index was equal on average to 7.1; it recorded a bottom of -46.6 in March 2009; it reached its highest level of 34.9 in April 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | -5.6 |
| 2025-10-31 | -1.4 |
| 2025-11-30 | -2.9 |
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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.