TSSOS Current Employment; Diffusion Index for Texas
This dataset tracks tssos current employment; diffusion index for texas over time.
Latest Value
2.80
Year-over-Year Change
-1033.33%
Date Range
1/1/2007 - 7/1/2025
Summary
The TSSOS Current Employment; Diffusion Index for Texas measures the breadth of employment changes across industries in the state of Texas. It provides insight into the overall health of the Texas labor market.
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 TSSOS Current Employment Diffusion Index is a composite indicator that tracks the percentage of industries in Texas reporting employment increases versus decreases. A reading above 50 indicates more industries are expanding employment than contracting.
Methodology
The data is compiled from a monthly survey of businesses in Texas conducted by the Federal Reserve Bank of Dallas.
Historical Context
The index is used by economists and policymakers to assess the strength of the Texas economy and make informed decisions.
Key Facts
- The index ranges from 0 to 100, with 50 as the neutral level.
- Texas is the second-largest state economy in the U.S.
- The index helps track cyclical changes in the Texas job market.
FAQs
Q: What does this economic trend measure?
A: The TSSOS Current Employment Diffusion Index measures the breadth of employment changes across industries in the state of Texas.
Q: Why is this trend relevant for users or analysts?
A: The index provides insight into the overall health of the Texas labor market, which is crucial for economists and policymakers analyzing the state's economic performance.
Q: How is this data collected or calculated?
A: The data is compiled from a monthly survey of businesses in Texas conducted by the Federal Reserve Bank of Dallas.
Q: How is this trend used in economic policy?
A: The index is used by economists and policymakers to assess the strength of the Texas economy and make informed decisions.
Q: Are there update delays or limitations?
A: The index is released monthly, with a typical one-month lag between the survey period and the public release.
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Citation
U.S. Federal Reserve, TSSOS Current Employment; Diffusion Index for Texas (TSSOSEMPSAMFRBDAL), retrieved from FRED.