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

Jobs · ORIGINAL ECONOMIC RELEASE

September 2013 Employment Cost Index

Compensation costs for civilian workers increased 0.4 percent, seasonally adjusted, for the 3-month period ending September 2013, following a 0.5 percent increase in June, the U.S. Bureau of Labor Statistics reported today. Wages and…

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 0.4 percent, seasonally adjusted, for the 3-month period ending September 2013, following a 0.5 percent increase in June, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.3 percent in the September quarter, similar to the 0.4 percent increase for the previous period. Benefits (which make up the remaining 30 percent of compensation) increased 0.7 percent, compared to a 0.4 percent increase for the 3-month period ending in June.

Civilian Workers

Compensation costs for civilian workers increased 1.9 percent for the 12-month period ending September 2013, unchanged from the 12-month period ending in September 2012. Wages and salaries increased 1.6 percent for the current 12-month period. In September 2012, the 12-month increase was 1.7 percent. Benefit costs increased 2.2 percent for the 12-month period ending September 2013, compared with the 2.4 percent increase for the 12-month period ending September 2012.

Private Industry Workers

Compensation costs for private industry workers increased 1.9 percent over the 12-month period ending September 2013, the same increase as in September 2012. Wages and salaries increased 1.8 percent for the year ending in September 2013, the same increase as the period one year ago. The increase in the cost of benefits was 2.0 percent for the 12-month period ending September 2013, compared with a 2.2 percent increase in the period ending in September 2012. Health benefit costs increased 2.7 percent. In September 2012, the increase was 2.3 percent.

Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending September 2013 ranged from 1.4 percent for service occupations to 2.1 percent for management, professional, and related 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 2.2 percent for financial activities industry and other services except public administration industry.

State and Local Government Workers

Compensation costs for state and local government workers increased 1.7 percent for the 12-month period ending September 2013. In September 2012 the increase was 1.8 percent. Wages and salaries increased 0.9 percent for the 12-month period ending September 2013, compared with a 1.1 percent increase from a year earlier. Prior values for this series, which began in June 1982, ranged from 1.0 percent to 8.5 percent. Benefit costs increased 2.9 percent in September 2013. In September 2012, the increase was 3.2 percent.

Partial Federal Government Shutdown

The release of these data occurs about 2 weeks later than originally scheduled because of the recent partial Federal government shutdown. Data collection for the estimates in this release had not been completed prior to the shutdown. However, they were collected after the shutdown ended. In addition, the processing of estimates and the production of the Employment Cost Index news release were delayed due to the shutdown.

Corrections to ECI Data Series

Some Employment Cost Index estimates from September 2012 through March 2013 were corrected on June 26, 2013. (Seasonally adjusted estimates were subject to corrections back to March 2008.) For further information, see: www.bls.gov/bls/eci_corrections_043013.htm.

Updated Employment Weights

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 North American Industry Classification System (NAICS).

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

Source: U.S. Bureau of Labor Statistics · Original release Nov 19, 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 earlierOct 20, 2013Publication referenceNov 19, 201330 days laterDec 19, 2013
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®4.28%Observed 4.35%Observed +7 bps vs. earlier reference4.47%Observed +12 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

Aug 19, 2013 – Feb 19, 2014
Historical mortgage and Treasury observations around Nov 19, 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.4.00%4.50%5.00%Publication date30-year fixed mortgage: 4.58% · Aug 22, 201330-year fixed mortgage: 4.51% · Aug 29, 201330-year fixed mortgage: 4.57% · Sep 5, 201330-year fixed mortgage: 4.57% · Sep 12, 201330-year fixed mortgage: 4.50% · Sep 19, 201330-year fixed mortgage: 4.32% · Sep 26, 201330-year fixed mortgage: 4.22% · Oct 3, 201330-year fixed mortgage: 4.23% · Oct 10, 201330-year fixed mortgage: 4.28% · Oct 17, 201330-year fixed mortgage: 4.13% · Oct 24, 201330-year fixed mortgage: 4.10% · Oct 31, 201330-year fixed mortgage: 4.16% · Nov 7, 201330-year fixed mortgage: 4.35% · Nov 14, 201330-year fixed mortgage: 4.22% · Nov 21, 201330-year fixed mortgage: 4.29% · Nov 27, 201330-year fixed mortgage: 4.46% · Dec 5, 201330-year fixed mortgage: 4.42% · Dec 12, 201330-year fixed mortgage: 4.47% · Dec 19, 201330-year fixed mortgage: 4.48% · Dec 26, 201330-year fixed mortgage: 4.53% · Jan 2, 201430-year fixed mortgage: 4.51% · Jan 9, 201430-year fixed mortgage: 4.41% · Jan 16, 201430-year fixed mortgage: 4.39% · Jan 23, 201430-year fixed mortgage: 4.32% · Jan 30, 201430-year fixed mortgage: 4.23% · Feb 6, 201430-year fixed mortgage: 4.28% · Feb 13, 2014Aug 19, 2013Nov 19, 2013Feb 19, 2014
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$1,493.44/month

4.35% · Nov 14, 2013

At the later reference$1,514.71/month

4.47% · Dec 19, 2013

The illustrative principal-and-interest payment is $21.28 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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