Texas Service Sector Outlook Survey: Wages and benefits: Current (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. Based on firms' responses to the Texas Service Sector Outlook Survey carried out by the Dallas FED, the seasonally adjusted diffusion index for wages and benefits (share of CEOs seeing a recent increase minus share reporting a decrease) was 15.1 in September 2026, compared to 18.8 in August.
Sample. There are 237 records overall in the monthly series shown in the chart above. The series covers the time span going from January 2007 to September 2026.
History. Take a look at some summary statistics we computed on the entire sample: the diffusion index had a mean value of 15.4; it reached its minimum of -23.7 in April 2020; it recorded its maximum of 37.0 in January 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 15.7000 |
| 2026-08-31 | 18.8000 |
| 2026-09-30 | 15.1000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did wages and benefits increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident 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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