Texas Service Sector Outlook Survey: Employment: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly
This series is part of the dataset: Texas Service Sector Outlook Survey (Dallas FED)
Download Full Dataset (.xlsx)Latest updates. According to recent survey data about service-sector firms in Texas, the seasonally adjusted diffusion index for employment (share of CEOs seeing a future increase minus share forecasting a decrease) was 27.7 in September 2026, compared to 19.3 in August.
Sample. There are 237 data points in the monthly series shown in the plot above. The period covered by the series is from January 2007 to September 2026.
History. Here’s a quick look at a few descriptive statistics calculated on the full sample: the diffusion index reached its minimum of -32.5 in March 2020; it peaked at 45.5 in November 2021; it averaged 22.8.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 22.4000 |
| 2026-08-31 | 19.3000 |
| 2026-09-30 | 27.7000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will employment 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) |
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