Compensation costs for civilian workers increased 0.7 percent, seasonally adjusted, for the 3-month period ending June 2014, 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
Historical releaseThe figures below describe the original reporting period. They are not today’s rates or a current economic forecast.Today’s market brief →
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 2014, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.6 percent, and benefits (which make up the remaining 30 percent of compensation) increased 1.0 percent.
Civilian Workers
Compensation costs for civilian workers increased 2.0 percent for the 12-month period ending June 2014. In June 2013, the increase in compensation costs was 1.9 percent. Prior values for this series, which began in June 1982, ranged from 1.4 percent to 7.5 percent. Wages and salaries increased 1.8 percent for the 12-month period ending June 2014, compared with 1.7 percent in June 2013. Benefit costs increased 2.5 percent for the 12-month period ending June 2014, compared with a 2.2 percent increase for the 12-month period ending June 2013.
Private Industry Workers
Compensation costs for private industry workers increased 2.0 percent over the year. In June 2013 the increase was 1.9 percent. Wages and salaries increased 1.9 percent for the current 12-month period ending June 2014, the same as June 2013. The increase in the cost of benefits was 2.4 percent for the 12-month period ending June 2014, primarily due to increases in the cost of retirement plans. In June 2013, the increase in the cost of benefits was 1.9 percent. Employer costs for health benefits increased 2.7 percent over the year. In June 2013 the increase was 2.6 percent.
Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending June 2014 ranged from 1.1 percent for service occupations to 2.4 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 1.1 percent for leisure and hospitality to 4.6 percent for information.
State and Local Government Workers
Compensation costs for state and local government workers increased 2.0 percent for the 12-month period ending June 2014, compared with 1.8 percent for June 2013. Wages and salaries increased 1.3 percent for the 12-month period ending June 2014, compared with 1.0 percent in June 2013. Benefit costs increased 3.2 percent in June 2014. In June 2013, the increase was 3.3 percent. (See tables A, 7, 11, and 12.)
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 Mar. June June Sep. Dec. Mar. June 2014 2014 2013 2013 2013 2014 2014
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.
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
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, 2014 – Oct 31, 2014
30-year fixed mortgage27 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$1,453.08/month
4.12% · Jul 31, 2014
At the later reference$1,449.60/month
4.10% · Aug 28, 2014
The illustrative principal-and-interest payment is $3.48 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.