Wednesday, November 11, 2026Mortgage news · Rates & market context

Jobs · ORIGINAL ECONOMIC RELEASE

March 2010 Employment Cost Index

Compensation costs for civilian workers increased 0.6 percent, seasonally adjusted, for the 3-month period ending March 2010, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of…

Historical releaseThe figures below describe the original reporting period. They are not today’s rates or a current economic forecast.Today’s market brief →

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Historical release narrative reproduced from the official public-domain source. Statistical tables, standard technical appendices, administrative material and attendance rosters are omitted; formatting is adapted for reading. Figures retain the release's historical context and may have been revised. Consult the linked source for the complete document.

Compensation costs for civilian workers increased 0.6 percent, seasonally adjusted, for the 3-month period ending March 2010, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.4 percent while benefits (which make up the remaining 30 percent of compensation)--increased 1.1 percent.

Civilian Worker Data

Compensation costs for civilian workers increased 1.7 percent for the 12-month period ending March 2010. This was smaller than the 2.1 percent increase for the 12-month period ending in March 2009. Wages and salaries increased 1.5 percent for the current 12-month period, slowing from a 2.2 percent increase for the 12-month period ending in March 2009. Benefit costs rose 2.2 percent, compared with a 2.0 percent increase for the 12-month period ending March 2009.

Private Industry Worker Data

Compensation costs for private industry workers increased 1.6 percent, compared to 1.9 percent for the 12-month period ending March 2009. The wage and salary series increased 1.5 percent for the current 12-month period, compared to 2.0 percent for the period ending March 2009. The cost of benefits increased 2.0 percent for the 12-month period ending March 2010 primarily due to increases in the cost of health benefits and defined benefit retirement plans. In March 2009, benefits increased 1.6 percent. Employer costs for health benefits increased 4.5 percent for the 12-month period ending March 2010. In March 2009, the 12-month percent change was 4.6 percent.

Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending March 2010 ranged from 1.3 percent for management, professional, and related occupations to 2.1 percent for natural resources, construction, and maintenance occupations.

Among industries, compensation cost increases for private industry workers for the current 12-month period ranged from 1.0 percent for professional and business services to 2.8 percent for financial activities.

State and Local Government Workers

Compensation costs for State and local government workers increased 2.0 percent for the 12-month period ending March 2010. Prior published values ranged from 2.3 to 9.6 percent since the series began in June 1982. Wages and salaries increased 1.8 percent. Prior published values ranged from 1.9 to 8.5 percent since the series began, also in June 1982. Benefit costs increased 2.7 percent. Prior published values ranged from 1.2 to 8.3 percent since the series began in June 1990.

This release incorporates annual revisions in seasonally adjusted Employment Cost Index (ECI) data for total compensation, wages and salaries, and benefit costs. Seasonally adjusted data for 2005-2009 were revised to reflect updated seasonal factors.

BLS news releases, including the ECI, are available through an e-mail subscription service at: www.bls.gov/bls/list.htm.

Category 3-month, seasonally adjusted 12-month, not seasonally adjusted Dec. 2009 Mar. 2010 Mar. 2009 Jun. 2009 Sep. 2009 Dec. 2009 Mar. 2010 CIVILIAN WORKERS1 Compensation2 0.4 0.6 2.1 1.8 1.5 1.5 1.7 Wages and salaries 0.5 0.4 2.2 1.8 1.5 1.5 1.5 Benefits 0.5 1.1 2.0 1.8 1.6 1.5 2.2

PRIVATE INDUSTRY Compensation2 0.4 0.6 1.9 1.5 1.2 1.2 1.6 Wages and salaries 0.5 0.4 2.0 1.6 1.4 1.4 1.5 Benefits 0.3 1.4 1.6 1.3 1.1 1.0 2.0

STATE AND LOCAL GOVERNMENT Compensation2 0.5 0.4 3.1 3.2 2.4 2.4 2.0 Wages and salaries 0.5 0.4 3.0 3.0 2.1 2.0 1.8 Benefits 0.9 0.3 3.4 3.6 3.2 3.2 2.7

Source: U.S. Bureau of Labor Statistics · Original release Apr 30, 2010.

Archived Nov 11, 2026. Source reuse policy. Formatting has been adapted for reading; the source’s conclusions remain attributed to its publisher.

MortgageRates.news analysis · Historical context

The mortgage market around this release

This original analysis is separate from the source article. It compares observed benchmarks around ; historical averages and yields are not current mortgage offers.

Read compensation costs separately from job growth

The Employment Cost Index tracks changes in employers’ hourly compensation costs, including wages, salaries and benefits. Its fixed employment weights limit the effect of shifts between industries and occupations; it does not count newly created jobs. Compare wage and benefit components, and check whether the quoted change is for three months or twelve months and whether it is seasonally adjusted. Compensation trends are one part of the inflation and policy picture, without determining a particular mortgage rate. BLS Employment Cost Index.

Nearest published observation on or before each target date
Benchmark30 days earlierMar 31, 2010Publication referenceApr 30, 201030 days laterMay 30, 2010
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®4.99%Observed 5.06%Observed +7 bps vs. earlier reference4.78%Observed −28 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the TreasuryUnavailableBefore available coverage, which starts Jan 4, 2016.UnavailableBefore available coverage, which starts Jan 4, 2016.UnavailableBefore available coverage, which starts Jan 4, 2016.

Calendar references, not an intraday reaction. A same-day market observation may have been published after a morning release. These figures do not show what was known at its exact publication time. One basis point (bp) is 0.01 percentage point; changes use the actual dated observations shown.

Six months around publication

Jan 30, 2010 – Jul 30, 2010
Historical mortgage and Treasury observations around Apr 30, 2010Each dot is a published observation. No missing values are estimated. The dashed vertical line marks the article’s publication calendar date. Rates and yields are percentages.4.50%5.00%5.50%Publication date30-year fixed mortgage: 5.01% · Feb 4, 201030-year fixed mortgage: 4.97% · Feb 11, 201030-year fixed mortgage: 4.93% · Feb 18, 201030-year fixed mortgage: 5.05% · Feb 25, 201030-year fixed mortgage: 4.97% · Mar 4, 201030-year fixed mortgage: 4.95% · Mar 11, 201030-year fixed mortgage: 4.96% · Mar 18, 201030-year fixed mortgage: 4.99% · Mar 25, 201030-year fixed mortgage: 5.08% · Apr 1, 201030-year fixed mortgage: 5.21% · Apr 8, 201030-year fixed mortgage: 5.07% · Apr 15, 201030-year fixed mortgage: 5.07% · Apr 22, 201030-year fixed mortgage: 5.06% · Apr 29, 201030-year fixed mortgage: 5.00% · May 6, 201030-year fixed mortgage: 4.93% · May 13, 201030-year fixed mortgage: 4.84% · May 20, 201030-year fixed mortgage: 4.78% · May 27, 201030-year fixed mortgage: 4.79% · Jun 3, 201030-year fixed mortgage: 4.72% · Jun 10, 201030-year fixed mortgage: 4.75% · Jun 17, 201030-year fixed mortgage: 4.69% · Jun 24, 201030-year fixed mortgage: 4.58% · Jul 1, 201030-year fixed mortgage: 4.57% · Jul 8, 201030-year fixed mortgage: 4.57% · Jul 15, 201030-year fixed mortgage: 4.56% · Jul 22, 201030-year fixed mortgage: 4.54% · Jul 29, 2010Jan 30, 2010Apr 30, 2010Jul 30, 2010
30-year fixed mortgage26 observations
Dots show published observations only. Missing dates remain blank, with no interpolation. The series have different publication schedules and measure different markets.

What that benchmark difference would mean for a $300,000 loan

At the publication reference$1,621.48/month

5.06% · Apr 29, 2010

At the later reference$1,570.37/month

4.78% · May 27, 2010

The illustrative principal-and-interest payment is $51.11 lower per month. This holds the loan amount and term constant to show the arithmetic effect of the benchmark difference.

Assumptions: two separate hypothetical $300,000 loans, each fully amortizing over 30 years with 360 monthly payments and its stated fixed interest rate. Excludes points, lender fees, taxes, insurance, association charges and other costs. PMMS is a national average, not an APR or a personalized rate offer. These are not two payments on one existing loan.

Sources, historical coverage and calculation limits

The 30-day comparisons use calendar days. Each cell selects the last published observation on or before its target; no rates are synthesized for missing dates. Gaps greater than seven days for daily Treasury data or fourteen days for weekly mortgage data are marked unavailable. Forward comparisons require the date to have arrived and source coverage to extend through it.

Historical files may contain revisions and do not reconstruct precisely what every market participant knew at the time. Freddie Mac changed its PMMS collection methodology in November 2022. Cross-period comparisons should account for that change. These windows include other news and cannot establish causation or forecast the next rate move.

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