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

Jobs · ORIGINAL ECONOMIC RELEASE

March 2013 Employment Cost Index

Compensation costs for civilian workers increased 0.3 percent, seasonally adjusted, for the 3-month period ending March 2013, essentially unchanged from the 0.4 percent increase for the December 2012 3-month period. Wages and salaries…

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 0.3 percent, seasonally adjusted, for the 3-month period ending March 2013, essentially unchanged from the 0.4 percent increase for the December 2012 3-month period. Wages and salaries increased 0.5 percent for the current period compared to a 0.3 percent increase for the December 2012 period. Benefit costs decelerated to 0.1 percent in March 2013, down from 0.6 percent in December 2012.

Civilian Workers

Compensation costs for civilian workers increased 1.8 percent for the 12-month period ending March 2013, essentially unchanged from the March 2012 increase of 1.9 percent. Wages and salaries increased 1.6 percent for the current 12-month period. In March 2012 the increase was 1.7 percent. Benefit costs increased 1.9 percent for the 12-month period ending March 2013, down from the March 2012 increase of 2.7 percent.

Benefits Data for Sales and Office Occupations Unavailable

BLS has discovered an error in the benefits data for March 2013 primarily affecting private industry benefits data for sales and office occupations. As a result, benefits estimates for March 2013 have been temporarily suppressed for sales and office occupations found in tables 3 and 12 of this news release. Other benefit and compensation data may also be affected by this error. Details regarding the availability of corrected data are at www.bls.gov/bls/eci_corrections_043013.htm.

Private Industry Workers

Compensation costs for private industry workers increased 1.7 percent over the year. In March 2012 the 12-month increase was 2.1 percent. Wages and salaries increased 1.7 percent for the current 12-month period. For the 12-month period ending March 2012, the increase was 1.9 percent. The increase in the cost of benefits was 1.5 percent for the 12-month period ending March 2013, down from the March 2012 increase of 2.8 percent.

Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending March 2013 ranged from 1.6 percent for sales and office occupations and service occupations to 1.9 percent for natural resources, construction, and maintenance occupations.

Among industry supersectors, compensation cost increases for private industry workers for the current 12-month period ranged from 0.9 percent for leisure and hospitality to 2.2 percent for information.

State and Local Government Workers

Compensation costs for state and local government workers increased 1.9 percent for the 12-month period ending March 2013. In March 2012 the increase was 1.5 percent. Wages and salaries increased 1.0 percent for the 12-month period ending March 2013, the same as the March 2012 change. Prior values for this series, which began in June 1982, ranged from 1.0 percent to 8.5 percent. Benefit costs increased 3.5 percent in March 2013, up from the March 2012 increase of 2.3 percent.

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 2008-2012 were revised to reflect updated seasonal factors.

Beginning with the December 2013 news release, the Employment Cost Index will introduce new employment weights based on the 2010 Standard Occupational Classification (SOC) system and the 2012 industry North American Industry Classification System (NAICS).

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

Category 3-month, 12-month, seasonally adjusted not seasonally adjusted Dec. Mar. Mar. Jun. Sep. Dec. Mar. 2012 2013 2012 2012 2012 2012 2013

CIVILIAN WORKERS[1]

PRIVATE INDUSTRY

STATE AND LOCAL GOVERNMENT

[1] Includes private industry and State and local government. [2] Includes wages and salaries and benefits. [3] Because of an error in the data, benefits data for private industry sales and office occupations have been temporarily suppressed. Other benefit and compensation data may also be affected by this error. Details regarding the availability of corrected data are at www.bls.gov/bls/eci_corrections_043013.htm.

Source: U.S. Bureau of Labor Statistics · Original release Apr 30, 2013.

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, 2013Publication referenceApr 30, 201330 days laterMay 30, 2013
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®3.57%Observed 3.40%Observed −17 bps vs. earlier reference3.81%Observed +41 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, 2013 – Jul 30, 2013
Historical mortgage and Treasury observations around Apr 30, 2013Each 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.3.00%4.00%5.00%Publication date30-year fixed mortgage: 3.53% · Jan 31, 201330-year fixed mortgage: 3.53% · Feb 7, 201330-year fixed mortgage: 3.53% · Feb 14, 201330-year fixed mortgage: 3.56% · Feb 21, 201330-year fixed mortgage: 3.51% · Feb 28, 201330-year fixed mortgage: 3.52% · Mar 7, 201330-year fixed mortgage: 3.63% · Mar 14, 201330-year fixed mortgage: 3.54% · Mar 21, 201330-year fixed mortgage: 3.57% · Mar 28, 201330-year fixed mortgage: 3.54% · Apr 4, 201330-year fixed mortgage: 3.43% · Apr 11, 201330-year fixed mortgage: 3.41% · Apr 18, 201330-year fixed mortgage: 3.40% · Apr 25, 201330-year fixed mortgage: 3.35% · May 2, 201330-year fixed mortgage: 3.42% · May 9, 201330-year fixed mortgage: 3.51% · May 16, 201330-year fixed mortgage: 3.59% · May 23, 201330-year fixed mortgage: 3.81% · May 30, 201330-year fixed mortgage: 3.91% · Jun 6, 201330-year fixed mortgage: 3.98% · Jun 13, 201330-year fixed mortgage: 3.93% · Jun 20, 201330-year fixed mortgage: 4.46% · Jun 27, 201330-year fixed mortgage: 4.29% · Jul 3, 201330-year fixed mortgage: 4.51% · Jul 11, 201330-year fixed mortgage: 4.37% · Jul 18, 201330-year fixed mortgage: 4.31% · Jul 25, 2013Jan 30, 2013Apr 30, 2013Jul 30, 2013
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$1,330.44/month

3.40% · Apr 25, 2013

At the later reference$1,399.58/month

3.81% · May 30, 2013

The illustrative principal-and-interest payment is $69.14 higher 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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