Compensation costs for civilian workers increased 0.5 percent, seasonally adjusted, for the 3-month period ending June 2010, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of…
Source: U.S. Bureau of Labor Statistics3 min read
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Compensation costs for civilian workers increased 0.5 percent, seasonally adjusted, for the 3-month period ending June 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 0.6 percent.
Civilian Workers
Compensation costs for civilian workers increased 1.8 percent for the 12-month period ending June 2010. This was the same as the 12-month period ending in June 2009. Wages and salaries increased 1.6 percent for the current 12-month period, compared to a 1.8 percent increase for the 12-month period ending in June 2009. Benefit costs rose 2.5 percent, up from a 1.8 percent increase for the 12-month period ending June 2009.
Private Industry Workers
Compensation costs for private industry workers increased 1.9 percent for the 12-month period ending June 2010, higher than the 1.5 percent increase for the 12-month period ending June 2009. The wage and salary series increased 1.6 percent for the current 12-month period, the same as for the period ending June 2009. The cost of benefits increased 2.5 percent for the 12-month period ending June 2010, higher than the June 2009 increase of 1.3 percent. Employer costs for health benefits rose 5.0 percent for the 12-month period ending June 2010. In June 2009, the 12-month percent change was 4.4 percent.
Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending June 2010 ranged from 1.5 percent for management, professional, and related occupations to 2.3 percent for sales and office occupations. The sales and office increase was primarily due to a 2.9 percent increase among sales and related occupations, which rebounded from a 1.6 percent decrease a year earlier. The other component of sales and office occupations--office and administrative support--increased 2.0 percent.
Among industry supersectors, compensation cost increases for private industry workers for the current 12-month period ranged from 1.0 percent for construction to 2.6 percent for trade, transportation, and utilities.
State and Local Government Workers
Compensation costs for State and local government workers increased 1.8 percent for the 12-month period ending June 2010. Since this series began in June 1982, published values ranged from 2.0 percent in March 2010 to 9.6 percent in June 1982. Wages and salaries increased 1.4 percent. This series also began in June 1982. Prior published values ranged from 1.8 in March 2010 to 8.5 percent in June 1982. Benefit costs increased 2.6 percent. Prior published values for this series, which began in June 1990, ranged from 1.2 percent in December 1997 to 8.3 percent in June 1990.
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Category 3-month, seasonally 12-month, not seasonally adjusted adjusted Mar. Jun. Jun. Sep. Dec. Mar. Jun. 2010 2010 2009 2009 2009 2010 2010
(1) Includes private industry and state and local government. (2) Includes wages and salaries and benefits.
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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
UnavailableBefore 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
Apr 30, 2010 – Oct 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$1,527.19/month
4.54% · Jul 29, 2010
At the later reference$1,495.20/month
4.36% · Aug 26, 2010
The illustrative principal-and-interest payment is $31.99 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
Freddie Mac Primary Mortgage Market Survey®: available observations from Apr 2, 1971 through Nov 5, 2026. Cached history snapshot. History retrieved or verified Nov 11, 2026.
U.S. Department of the Treasury: available observations from Jan 4, 2016 through Nov 10, 2026. Cached history snapshot. History retrieved or verified Nov 11, 2026.
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.