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

Jobs · ORIGINAL ECONOMIC RELEASE

August 2011 Employment Situation

Nonfarm payroll employment was unchanged (0) in August, and the unemployment rate held at 9.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment in most major industries changed little over the month. Health care…

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.

Nonfarm payroll employment was unchanged (0) in August, and the unemployment rate held at 9.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment in most major industries changed little over the month. Health care continued to add jobs, and a decline in information employment reflected a strike. Government employment continued to trend down, despite the return of workers from a partial government shutdown in Minnesota.

Household Survey Data

The number of unemployed persons, at 14.0 million, was essentially unchanged in August, and the unemployment rate held at 9.1 percent. The rate has shown little change since April. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (8.9 percent), adult women (8.0 percent), teenagers (25.4 percent), whites (8.0 percent), blacks (16.7 percent), and Hispanics (11.3 percent) showed little or no change in August. The jobless rate for Asians was 7.1 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks and over) was about unchanged at 6.0 million in August and accounted for 42.9 percent of the unemployed. (See table A-12.)

The labor force rose to 153.6 million in August. Both the civilian labor force participation rate, at 64.0 percent, and the employment-population ratio, at 58.2 percent, were little changed. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) rose from 8.4 million to 8.8 million in August. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)

About 2.6 million persons were marginally attached to the labor force in August, up from 2.4 million a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)

Among the marginally attached, there were 977,000 discouraged workers in August, down by 133,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.6 million persons marginally attached to the labor force in August had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment, at 131.1 million, was unchanged (0) in August. Employment changed little in most major private-sector industries. (See table B-1.)

Health care employment rose by 30,000 in August. Ambulatory health care services and hospitals added 18,000 and 8,000 jobs, respectively. Over the past 12 months, health care employment has grown by 306,000.

Employment in mining continued to trend up in August (+6,000). Since reaching a trough in October 2009, employment in mining has risen by 144,000, with mining support activities accounting for most of the gain.

Within professional and business services, computer systems design and related services added 8,000 jobs in August. Employment in temporary help services changed little over the month (+5,000) and has shown little movement on net so far this year.

Employment in the information industry declined by 48,000 in August. About 45,000 workers in the telecommunications industry were on strike and thus off company payrolls during the survey reference period.

Manufacturing employment was essentially unchanged in August (-3,000), following a gain of 36,000 in July. For the past 4 months, manufacturing has added an average of 14,000 jobs per month, compared with an average of 35,000 jobs per month in the first 4 months of the year.

Elsewhere in the private sector, employment in construction; trade, transportation, and utilities; financial activities; and leisure and hospitality changed little over the month.

Government employment continued to trend down over the month (-17,000). Despite the return of about 22,000 workers from a partial government shutdown in Minnesota, employment in state government changed little in August (+5,000). Employment in local government continued to decline. Since employment peaked in September 2008, local government has lost 550,000 jobs.

The average workweek for all employees on private nonfarm payrolls edged down by 0.1 hour over the month to 34.2 hours. The manufacturing workweek was 40.3 hours for the third consecutive month; factory overtime increased by 0.1 hour over the month to 3.2 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls edged down to 33.5 hours in August, after holding at 33.6 hours for the prior 6 months. (See tables B-2 and B-7.)

In August, average hourly earnings for all employees on private nonfarm payrolls decreased by 3 cents, or 0.1 percent, to $23.09. This decline followed an 11-cent gain in July. Over the past 12 months, average hourly earnings have increased by 1.9 percent. In August, average hourly earnings of private-sector production and nonsupervisory employees decreased by 2 cents, or 0.1 percent, to $19.47. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for June was revised from +46,000 to +20,000, and the change for July was revised from +117,000 to +85,000.

Source: U.S. Bureau of Labor Statistics · Original release Sep 2, 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 beyond one jobs number

The Employment Situation combines two surveys: establishment data measure payroll jobs, hours and earnings, while household data measure people’s employment status and the unemployment rate. A payroll-job change and an unemployment-rate change therefore answer different questions. Check the reference period, participation and revisions alongside the headline. Labor-market conditions inform the policy outlook, but a later mortgage-rate change can reflect many developments; this calendar window cannot identify the report as its cause. BLS Employment Situation tables and technical notes.

Nearest published observation on or before each target date
Benchmark30 days earlierAug 3, 2011Publication referenceSep 2, 201130 days laterOct 2, 2011
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®4.55%Observed 4.22%Observed −33 bps vs. earlier reference4.01%Observed −21 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

Jun 2, 2011 – Dec 2, 2011
Historical mortgage and Treasury observations around Sep 2, 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: 4.55% · 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, 201130-year fixed mortgage: 4.00% · Nov 3, 201130-year fixed mortgage: 3.99% · Nov 10, 201130-year fixed mortgage: 4.00% · Nov 17, 201130-year fixed mortgage: 3.98% · Nov 23, 201130-year fixed mortgage: 4.00% · Dec 1, 2011Jun 2, 2011Sep 2, 2011Dec 2, 2011
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$1,470.56/month

4.22% · Sep 1, 2011

At the later reference$1,433.98/month

4.01% · Sep 29, 2011

The illustrative principal-and-interest payment is $36.58 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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