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

Jobs · ORIGINAL ECONOMIC RELEASE

September 2013 Employment Situation

Total nonfarm payroll employment rose by 148,000 in September, and the unemployment rate was little changed at 7.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in construction, wholesale trade, and…

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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 rose by 148,000 in September, and the unemployment rate was little changed at 7.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in construction, wholesale trade, and transportation and warehousing.

Household Survey Data

The unemployment rate, at 7.2 percent, changed little in September but has declined by 0.4 percentage point since June. The number of unemployed persons, at 11.3 million, was also little changed over the month; however, unemployment has decreased by 522,000 since June. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (7.1 percent), adult women (6.2 percent), teenagers (21.4 percent), whites (6.3 percent), blacks (12.9 percent), and Hispanics (9.0 percent) showed little or no change in September. The jobless rate for Asians was 5.3 percent (not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.)

In September, the number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 4.1 million. These individuals accounted for 36.9 percent of the unemployed. The number of long-term unemployed has declined by 725,000 over the past year. (See table A-12.)

Both the civilian labor force participation rate, at 63.2 percent, and the employment- population ratio at 58.6 percent, were unchanged in September. Over the year, the labor force participation rate has declined by 0.4 percentage point, while the employment- population ratio has changed little. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was unchanged at 7.9 million in September. 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 September, 2.3 million persons were marginally attached to the labor force, down from 2.5 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 852,000 discouraged workers in September, 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 September 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 148,000 in September, with gains in construction, wholesale trade, and transportation and warehousing. Over the prior 12 months, employment growth averaged 185,000 per month. (See table B-1.)

Employment in construction rose by 20,000 in September, after showing little change over the prior 6 months.

Employment in wholesale trade rose by 16,000 in September. Over the prior 12 months, this industry added an average of 7,000 jobs per month.

Transportation and warehousing added 23,000 jobs in September. Most of the increase occurred in transit and ground passenger transportation (+18,000).

In September, employment in professional and business services continued to expand (+32,000). Over the prior 12 months, employment growth in this industry averaged 52,000 per month. Employment in temporary help services continued to trend up in September (+20,000).

Within retail trade, job gains occurred in building material and garden supply stores (+5,000) and in automobile dealers (+4,000). In the financial activities industry, employment in credit intermediation and related activities declined by 8,000 in September.

Employment in health care changed little (+7,000) in September. Thus far in 2013, health care has added an average of 19,000 jobs per month, compared with an average monthly increase of 27,000 in 2012.

Within leisure and hospitality, employment in food services and drinking places was essentially unchanged over the month (-7,000). Job growth in this industry averaged 28,000 per month over the prior 12 months.

Employment in other major industries, including mining and logging, manufacturing, information, and government, showed little change in September.

The average workweek for all employees on private nonfarm payrolls was unchanged in September at 34.5 hours. In manufacturing, the workweek was 40.8 hours, the same as in August, and overtime was unchanged at 3.4 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was unchanged at 33.7 hours. (See tables B-2 and B-7.)

In September, average hourly earnings for all employees on private nonfarm payrolls rose by 3 cents to $24.09. Over the year, average hourly earnings have risen by 49 cents, or 2.1 percent. In September, average hourly earnings of private-sector production and nonsupervisory employees rose by 4 cents to $20.24. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for July was revised from +104,000 to +89,000, and the change for August was revised from +169,000 to +193,000. With these revisions, employment gains in July and August combined were 9,000 more than previously reported.

Source: U.S. Bureau of Labor Statistics · Original release Oct 22, 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 earlierSep 22, 2013Publication referenceOct 22, 201330 days laterNov 21, 2013
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®4.50%Observed 4.28%Observed −22 bps vs. earlier reference4.22%Observed −6 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

Jul 22, 2013 – Jan 22, 2014
Historical mortgage and Treasury observations around Oct 22, 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: 4.31% · 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, 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, 2014Jul 22, 2013Oct 22, 2013Jan 22, 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$1,481.09/month

4.28% · Oct 17, 2013

At the later reference$1,470.56/month

4.22% · Nov 21, 2013

The illustrative principal-and-interest payment is $10.54 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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