Texas Service Sector Outlook Survey: Hours worked: 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 survey data about service-sector firms collected by the Federal Reserve in Texas, the seasonally adjusted diffusion index for hours worked (share of CEOs seeing a future increase minus share forecasting a decrease) stood at 6.6 in September 2026, compared to 5.7 in August 2026.
Sample. There are 237 data points in the monthly series shown in the chart above. The series covers the time range extending from January 2007 to September 2026.
History. Have a look at some descriptive statistics we calculated on the whole sample: the diffusion index was equal on average to 5.8; it recorded a maximum of 17.6 in April 2021; it recorded a minimum of -19.7 in March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 4.20000 |
| 2026-08-31 | 5.70000 |
| 2026-09-30 | 6.60000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will hours worked 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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