Texas Manufacturing Outlook Survey: Number of employees: Future (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 future increase minus share forecasting a decrease) stood at 16.9 in May 2026, versus 21.0 in the previous month.
Sample. This monthly time series has 263 observations in total. The time range covered by the series goes from June 2004 to May 2026.
History. Have a look at a few summary statistics we computed on the entire sample: the diffusion index had a mean value of 22.6; it reached a minimum of -24.3 in January 2009; it reached its maximum of 55.7 in January 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-31 | 21.6 |
| 2026-04-30 | 21.0 |
| 2026-05-31 | 16.9 |
Tip. A benefit of our data visualization and download service is that we give you accurate metadata. Find it below to delve deeper into the properties of the series that you use in your research.
Not for investment purposes. Data and any other information made available on FetchSeries are not suitable for investment purposes or other financial decisions. Users should seek professional advice and perform independent analysis before making any financial commitments.
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 | 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.