Research & Data

Texas Service Sector Outlook Survey

Wages and Benefits Index

May 2012

Wages and Benefits—Index

May 11
Jun 11
Jul 11
Aug 11
Sep 11
Oct 11
Nov 11
Dec 11
Jan 12
Feb 12
Mar 12
Apr 12
May 12
Current Wages and Benefits, seasonally adjusted
13.0
12.9
15.4
10.4
11.0
12.4
14.7
14.6
13.9
17.4
13.8
16.8
13.8
Future Wages and Benefits, seasonally adjusted (six months from report period)
33.8
32.3
31.3
31.2
27.4
30.9
33.0
34.4
39.7
36.1
33.2
37.1
32.6

Wages and Benefits—Composition of Responses

 
May 11
Jun 11
Jul 11
Aug 11
Sep 11
Oct 11
Nov 11
Dec 11
Jan 12
Feb 12
Mar 12
Apr 12
May 12
Current Wages and Benefits, seasonally adjusted
% Increase
16.7
16.5
17.7
13.8
13.5
15.7
17.0
16.9
17.9
18.6
14.5
19.5
15.7
% No Change
79.6
79.8
80.0
82.8
83.9
80.9
80.7
80.9
78.1
80.2
84.8
77.8
82.4
% Decrease
3.7
3.6
2.3
3.4
2.5
3.3
2.3
2.3
4.0
1.2
0.7
2.7
1.9
 
May 11
Jun 11
Jul 11
Aug 11
Sep 11
Oct 11
Nov 11
Dec 11
Jan 12
Feb 12
Mar 12
Apr 12
May 12
Future Wages and Benefits, seasonally adjusted (six months from report period)
% Increase
37.2
35.6
35.4
33.6
34.0
34.5
35.1
37.5
41.6
38.7
35.2
39.3
35.0
% No Change
59.4
61.2
60.5
64.0
59.4
62.0
62.7
59.4
56.5
58.7
62.8
58.5
62.6
% Decrease
3.4
3.3
4.1
2.4
6.6
3.6
2.1
3.1
1.9
2.6
2.0
2.2
2.4

NOTE: Survey responses are used to calculate an index for each indicator. Each index is calculated by subtracting the percentage of respondents reporting a decrease from the percentage reporting an increase. When the share of firms reporting an increase exceeds the share of firms reporting a decrease, the index will be greater than zero, suggesting the indicator has increased over the prior month. If the share of firms reporting a decrease exceeds the share reporting an increase, the index will be below zero, suggesting the indicator has decreased over the prior month. An index will be zero when the number of firms reporting an increase is equal to the number of firms reporting a decrease. Items may not add up to 100 percent because of rounding.

Questions regarding the Texas Service Sector Outlook Survey can be addressed to Amy Jordan at amy.jordan@dal.frb.org.

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