Texas Manufacturing Outlook Survey: Number of employees: Future (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 future increase minus share forecasting a decrease) stood at 20.1 in July 2026, compared to 25.4 in the previous month.
Sample. This monthly time series has 266 data points in total. The time span covered by the series stretches from June 2004 to July 2026.
History. Check out a few simple statistics calculated on the entire sample: the diffusion index had a mean value of 22.7; it reached its lowest level of -28.9 in January 2009; it reached a maximum of 52.1 in January 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-31 | 17.9 |
| 2026-06-30 | 25.4 |
| 2026-07-31 | 20.1 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will the number of employees increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading 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) |
Series in the same data set
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