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

Jobs · ORIGINAL ECONOMIC RELEASE

June 2011 Employment Cost Index

Compensation costs for civilian workers increased 0.7 percent, seasonally adjusted, for the 3-month period ending June 2011, 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 0.7 percent, seasonally adjusted, for the 3-month period ending June 2011, 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, and benefits (which make up the remaining 30 percent of compensation) increased 1.3 percent.

Civilian Workers

Compensation costs for civilian workers increased 2.2 percent for the 12-month period ending June 2011. A year earlier—in June 2010—the increase was 1.9 percent. Wages and salaries increased 1.6 percent for the current 12-month period; the same as the June 2010 increase. Benefit costs accelerated to 3.6 percent, up from a 2.5-percent increase for the 12-month period ending June 2010.

Private Industry Workers

Compensation costs for private industry workers increased 2.3 percent over the year, compared to the 1.9-percent increase for the previous 12-month period. The wage and salary series increased 1.7 percent for the current 12-month period. The change for the 12-month period ending June 2010 was 1.6 percent. The increase in the cost of benefits jumped to 4.0 percent for the 12-month period ending June 2011, higher than the June 2010 increase of 2.4 percent. Employer costs for health benefits increased 3.6 percent for the 12-month period ending June 2011. In June 2010, the 12-month percent change was 5.0 percent.

Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending June 2011 ranged from 1.8 percent for service occupations to 2.7 percent for production, transportation and material moving occupations.

Among industry supersectors, compensation cost increases for private industry workers for the current 12-month period ranged from 1.1 percent for leisure and hospitality to 3.3 percent for manufacturing. Since September 2005, estimates for manufacturing have ranged from 1.0 percent in December 2009 to 3.2 percent in both September 2005 and December 2005.

State and Local Government Workers

Compensation costs for State and local government workers increased 1.7 percent for the 12-month period ending June 2011, which was the same as the increase for the 12-month period ending June 2010. Values for this series—which began in June 1982—have ranged from 1.7 percent in both June 2010 and the current reference period to 9.6 percent in June 1982. Wages and salaries increased 1.2 percent for the 12-month period ending June 2011. A year earlier the increase was 1.3 percent. Prior values for this series, which also began in June 1982, ranged from 1.2 percent for the past four quarters to 8.5 percent in June 1982. Benefit costs increased 3.0 percent; in June 2010 the increase was 2.5. Prior values for this series, which began in June 1990, ranged from 1.2 percent in December 1997 to 8.3 percent in June 1990.

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

Some Employment Cost Index estimates from June 2009 through September 2010 were corrected on January 18, 2011. (In some of the seasonally adjusted series, corrections were made to estimates back to June 2005.) For further information, see: www.bls.gov/bls/eci_corrections_111910.htm

(Percent change) 3-month, 12-month, seasonally adjusted not seasonally adjusted Category Mar. 2011 June 2011 June 2010 Sep. 2010 Dec. 2010 Mar. 2011 June 2011

Source: U.S. Bureau of Labor Statistics · Original release Jul 29, 2011.

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 earlierJun 29, 2011Publication referenceJul 29, 201130 days laterAug 28, 2011
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®4.50%Observed 4.55%Observed +5 bps vs. earlier reference4.22%Observed −33 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

Apr 29, 2011 – Oct 29, 2011
Historical mortgage and Treasury observations around Jul 29, 2011Each 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.3.50%4.25%5.00%Publication date30-year fixed mortgage: 4.71% · May 5, 201130-year fixed mortgage: 4.63% · May 12, 201130-year fixed mortgage: 4.61% · May 19, 201130-year fixed mortgage: 4.60% · May 26, 201130-year fixed mortgage: 4.55% · Jun 2, 201130-year fixed mortgage: 4.49% · Jun 9, 201130-year fixed mortgage: 4.50% · Jun 16, 201130-year fixed mortgage: 4.50% · Jun 23, 201130-year fixed mortgage: 4.51% · Jun 30, 201130-year fixed mortgage: 4.60% · Jul 7, 201130-year fixed mortgage: 4.51% · Jul 14, 201130-year fixed mortgage: 4.52% · Jul 21, 201130-year fixed mortgage: 4.55% · Jul 28, 201130-year fixed mortgage: 4.39% · Aug 4, 201130-year fixed mortgage: 4.32% · Aug 11, 201130-year fixed mortgage: 4.15% · Aug 18, 201130-year fixed mortgage: 4.22% · Aug 25, 201130-year fixed mortgage: 4.22% · Sep 1, 201130-year fixed mortgage: 4.12% · Sep 8, 201130-year fixed mortgage: 4.09% · Sep 15, 201130-year fixed mortgage: 4.09% · Sep 22, 201130-year fixed mortgage: 4.01% · Sep 29, 201130-year fixed mortgage: 3.94% · Oct 6, 201130-year fixed mortgage: 4.12% · Oct 13, 201130-year fixed mortgage: 4.11% · Oct 20, 201130-year fixed mortgage: 4.10% · Oct 27, 2011Apr 29, 2011Jul 29, 2011Oct 29, 2011
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$1,528.98/month

4.55% · Jul 28, 2011

At the later reference$1,470.56/month

4.22% · Aug 25, 2011

The illustrative principal-and-interest payment is $58.43 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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