Compensation costs for civilian workers increased 0.5 percent, seasonally adjusted, for the 3-month period ending in September 2020, the U.S. Bureau of Labor Statistics reported today. Wages and salaries increased 0.4 percent and…
Source: U.S. Bureau of Labor Statistics2 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 0.5 percent, seasonally adjusted, for the 3-month period ending in September 2020, the U.S. Bureau of Labor Statistics reported today. Wages and salaries increased 0.4 percent and benefit costs increased 0.6 percent from June 2020. (See tables A, 1, 2, and 3.)
Compensation costs for civilian workers increased 2.4 percent for the 12-month period ending in September 2020 and increased 2.8 percent in September 2019. Wages and salaries increased 2.5 percent over the year and increased 2.9 percent for the 12-month period ending in September 2019. Benefit costs increased 2.3 percent and also increased 2.3 percent for the 12-month period ending in September 2019. (See tables A, 4, 8, and 12.)
Compensation costs for private industry workers increased 2.4 percent over the year. In September 2019, the increase was 2.7 percent. Wages and salaries increased 2.7 percent for the 12-month period ending in September 2020 and increased 3.0 percent in September 2019. The cost of benefits rose 2.0 percent for the 12-month period ending in September 2020 and also increased 2.0 percent in September 2019. (See tables A, 5, 9, and 12.)
Employer costs for health benefits increased 1.8 percent for the 12-month period ending in September 2020. (For further information, see www.bls.gov/web/eci/echealth.pdf.)
Among private industry occupational groups, compensation cost increases for the 12-month period ending in September 2020 ranged from 1.9 percent for management, professional, and related occupations to 3.7 percent for service occupations. Within industry supersectors, compensation cost increases ranged from 2.1 percent for education and health services to 4.1 percent for leisure and hospitality. (See table 5.)
Compensation costs for state and local government workers increased 2.3 percent for the 12-month period ending in September 2020, compared with an increase of 3.1 percent in September 2019. Wages and salaries increased 1.8 percent for the 12-month period ending in September 2020 and 2.7 percent a year ago. Benefit costs increased 3.2 percent for the 12-month period ending in September 2020. The prior year increase was 3.5 percent. (See tables A, 7, 11, and 12.)
Coronavirus (COVID-19) Pandemic Impact on September 2020 Employment Cost Index The Employment Cost Index (ECI) reference date was September 12, 2020. Response rates for September were comparable with prior releases, and no changes in estimation procedures were necessary. Additional information is available at www.bls.gov/covid19/effects-of-covid-19-on-workplace- injuries-and-illnesses-compensation-and-occupational-requirements.htm#ECI.
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
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.
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$1,234.28/month
2.81% · Oct 29, 2020
At the later reference$1,219.96/month
2.72% · Nov 25, 2020
The illustrative principal-and-interest payment is $14.32 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.