Texas Service Sector Outlook Survey: Wages and benefits: Current (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 wages and benefits (share of CEOs seeing a recent increase minus share reporting a decrease) was 14.6 in September 2026, compared to 18.0 in August 2026.
Sample. The monthly series presented in the graph has a total of 237 records. The series covers the time span stretching from January 2007 to September 2026.
History. Here are a few simple statistics calculated on the whole sample: the diffusion index recorded its highest level of 43.0 in January 2022; it reached a trough of -22.8 in April 2020; it had a mean of 15.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 17.3000 |
| 2026-08-31 | 18.0000 |
| 2026-09-30 | 14.6000 |
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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 | 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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