Abstract
The Texas Service Sector Outlook Survey (TSSOS) and Texas Retail Outlook Survey (TROS) are monthly surveys of service sector and retail firms in Texas conducted by the Federal Reserve Bank of Dallas. TSSOS and TROS track the Texas private services sector, including general service businesses, retailers and wholesalers. The surveys provide invaluable information on regional economic conditions—information that Dallas Fed economists and the Bank president use in the formulation of monetary policy. This paper describes the survey’s methodology and analyzes the explanatory and predictive power of TSSOS and TROS indexes with regard to Texas employment growth. Regression analysis shows that several TSSOS and TROS indexes help explain monthly variation in Texas employment. In addition, most TSSOS and TROS indexes are also useful in forecasting Texas employment growth.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
