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

Jobs · ORIGINAL ECONOMIC RELEASE

August 2013 Employment Situation

Total nonfarm payroll employment increased by 169,000 in August, and the unemployment rate was little changed at 7.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in retail trade and health care but…

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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.

Total nonfarm payroll employment increased by 169,000 in August, and the unemployment rate was little changed at 7.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in retail trade and health care but declined in information.

Household Survey Data

Both the number of unemployed persons, at 11.3 million, and the unemployment rate, at 7.3 percent, changed little in August. The jobless rate is down from 8.1 percent a year ago. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (7.1 percent), adult women (6.3 percent), teenagers (22.7 percent), whites (6.4 percent), blacks (13.0 percent), and Hispanics (9.3 percent) showed little change in August. The jobless rate for Asians was 5.1 percent (not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.)

In August, the number of long-term unemployed (those jobless for 27 weeks or more) was about unchanged at 4.3 million. These individuals accounted for 37.9 percent of the unemployed. Over the past 12 months, the number of long-term unemployed has declined by 733,000. (See table A-12.)

The civilian labor force participation rate edged down to 63.2 percent in August. The employment-population ratio, at 58.6 percent, was essentially unchanged. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) declined by 334,000 to 7.9 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.)

In August, 2.3 million persons were marginally attached to the labor force, down by 219,000 from 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 866,000 discouraged workers in August, essentially unchanged 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 1.5 million persons marginally attached to the labor force in August had not searched for work for reasons such as school attendance or family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment increased by 169,000 in August, about in line with the average monthly gain of 184,000 over the prior 12 months. In August, job growth occurred in retail trade and health care, while employment in information declined. Employment continued to trend up in food services and drinking places, professional and business services, and wholesale trade. (See table B-1.)

Retail trade added 44,000 jobs in August and has added 393,000 jobs over the past 12 months. In August, job growth occurred in clothing stores (+14,000), food and beverage stores (+12,000), general merchandise stores (+9,000), and electronics and appliance stores (+4,000).

Employment in health care increased by 33,000 in August. Within the industry, most of the job growth occurred in ambulatory care services (+27,000).

In August, employment in professional and business services continued to trend up (+23,000). Over the past 12 months, this industry has added 614,000 jobs. Employment in temporary help services changed little in August.

Within leisure and hospitality, employment in food services and drinking places continued to trend up in August (+21,000). Over the year, food services and drinking places has added 354,000 jobs.

In August, wholesale trade employment continued to trend up (+8,000). This industry has added 83,000 jobs over the past 12 months.

Within manufacturing, employment in motor vehicles and parts rose by 19,000 in August, after declining by 10,000 in July. Auto manufacturers laid off more workers for model changeover in July than in recent years. The return of laid-off workers contributed to the increase in August. Over the past 12 months, auto manufacturers have added 34,000 jobs.

Within information, the motion picture and sound recording industry lost 22,000 jobs in August, following a gain of 8,000 in July.

Employment in other major industries, including mining and logging, construction, transportation and warehousing, financial activities, and government, showed little or no change in August.

The average workweek for all employees on private nonfarm payrolls increased by 0.1 hour in August to 34.5 hours. In manufacturing, the workweek increased by 0.1 hour to 40.8 hours, and overtime increased by 0.2 hour to 3.4 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was unchanged at 33.6 hours. (See tables B-2 and B-7.)

In August, average hourly earnings for all employees on private nonfarm payrolls rose by 5 cents to $24.05. Over the year, average hourly earnings have risen by 52 cents, or 2.2 percent. In August, average hourly earnings of private-sector production and nonsupervisory employees rose by 4 cents to $20.20. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for June was revised from +188,000 to +172,000, and the change for July was revised from +162,000 to +104,000. With these revisions, employment gains in June and July combined were 74,000 less than previously reported.

Source: U.S. Bureau of Labor Statistics · Original release Sep 6, 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 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 7, 2013Publication referenceSep 6, 201330 days laterOct 6, 2013
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®4.39%Observed 4.57%Observed +18 bps vs. earlier reference4.22%Observed −35 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 6, 2013 – Dec 6, 2013
Historical mortgage and Treasury observations around Sep 6, 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.3.50%4.25%5.00%Publication date30-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, 201330-year fixed mortgage: 4.39% · Aug 1, 201330-year fixed mortgage: 4.40% · Aug 8, 201330-year fixed mortgage: 4.40% · Aug 15, 201330-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, 2013Jun 6, 2013Sep 6, 2013Dec 6, 2013
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$1,532.56/month

4.57% · Sep 5, 2013

At the later reference$1,470.56/month

4.22% · Oct 3, 2013

The illustrative principal-and-interest payment is $62.00 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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