TSSOS Current Hours Worked; Percent Reporting Decreases for Texas
This dataset tracks tssos current hours worked; percent reporting decreases for texas over time.
Latest Value
4.90
Year-over-Year Change
-42.35%
Date Range
1/1/2007 - 7/1/2025
Summary
This trend tracks the percentage of Texas businesses reporting decreases in current hours worked. It provides insights into changes in labor market conditions within the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Texas Service Sector Outlook Survey (TSSOS) collects data on various aspects of the Texas service sector, including changes in current hours worked. This indicator offers a timely gauge of labor market trends in the state's service industry.
Methodology
The data is collected through a monthly survey of Texas businesses in the service sector.
Historical Context
Policymakers and analysts use this trend to assess the health of the Texas labor market and inform economic decision-making.
Key Facts
- The survey has been conducted monthly since 2007.
- Texas is the second-largest state economy in the U.S.
- Service sector accounts for over 70% of Texas GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Texas businesses in the service sector that report decreases in current hours worked. It provides insights into labor market conditions in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend offers a timely and localized gauge of changes in labor demand within the Texas service industry, which is a crucial component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of Texas businesses in the service sector.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of the Texas labor market and inform economic decision-making at the state level.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical lag of 2-3 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, TSSOS Current Hours Worked; Percent Reporting Decreases for Texas (TSSOSAVGWKDSAMFRBDAL), retrieved from FRED.