Texas Service Sector Outlook Survey: Employment: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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. Based on firms' responses to the Texas Service Sector Outlook Survey carried out by the Dallas FED, the seasonally unadjusted diffusion index for employment (share of CEOs seeing a future increase minus share forecasting a decrease) was 26.3 in September 2026, compared to 17.0 in August 2026.
Sample. There are 237 data points in the monthly time series displayed in the plot above. The series covers the period stretching from January 2007 to September 2026.
History. Here are a few descriptive statistics calculated on the whole sample: the diffusion index recorded a minimum of -30.8 in March 2020; it recorded a maximum of 45.2 in April 2021; it averaged 22.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 18.9000 |
| 2026-08-31 | 17.0000 |
| 2026-09-30 | 26.3000 |
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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 | 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) |
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