Labor Share of Output
95.0
· Jan 2026
econ
scout
1948-49 Recession · Nov 1948 – Oct 1949
1953-54 Recession · Jul 1953 – May 1954
1957-58 Recession · Aug 1957 – Apr 1958
1960-61 Recession · Apr 1960 – Feb 1961
1969-70 Recession · Dec 1969 – Nov 1970
1973-75 Recession · Nov 1973 – Mar 1975
1980 Recession · Jan 1980 – Jul 1980
1981-82 Recession · Jul 1981 – Nov 1982
1990-91 Recession · Jul 1990 – Mar 1991
2001 Recession · Mar 2001 – Nov 2001
Global Financial Crisis · Dec 2007 – Jun 2009
COVID-19 Recession · Feb 2020 – Apr 2020
95
100
105
110
115
1950
1960
1970
1980
1990
2000
2010
2020
95.0
Labor Share of Output — one value per year; US recessions are shaded on the chart.
Year
Labor Share of Output
1947
114.6
1948
113.8
1949
112.8
1950
111.0
1951
110.9
1952
112.7
1953
114.9
1954
112.7
1955
111.8
1956
115.1
1957
115.2
1958
113.0
1959
114.0
1960
117.1
1961
113.6
1962
112.9
1963
111.8
1964
112.1
1965
108.5
1966
109.9
1967
110.8
1968
111.6
1969
114.8
1970
113.7
1971
112.3
1972
111.5
1973
113.5
1974
112.6
1975
109.4
1976
109.0
1977
109.7
1978
108.8
1979
111.5
1980
112.2
1981
111.1
1982
112.1
1983
108.1
1984
108.5
1985
109.2
1986
111.2
1987
111.1
1988
111.0
1989
110.1
1990
111.6
1991
110.9
1992
109.8
1993
109.0
1994
107.1
1995
107.4
1996
107.1
1997
107.9
1998
109.5
1999
109.3
2000
111.2
2001
110.5
2002
108.5
2003
106.9
2004
106.1
2005
104.0
2006
104.8
2007
104.3
2008
106.1
2009
101.0
2010
99.1
2011
97.8
2012
101.2
2013
97.6
2014
99.0
2015
100.2
2016
99.3
2017
100.1
2018
100.1
2019
99.6
2020
102.8
2021
99.6
2022
96.9
2023
96.2
2024
96.9
2025
95.7
2026
95.0
Source: FRED · PRS85006173 · econscout.com