Labor Share of Output
Share of business output paid out to workers, as an index.
| 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 |
Hover the line to read any month. Drag across the chart to zoom; double-click to reset.
Source: FRED · PRS85006173 · series · Jan 1947 to Jan 2026 · latest-revised
Refreshed Jul 31, 2026 from FRED.
Share of business output paid out to workers, as an index.
Share of nonfarm business output paid to workers as compensation, indexed to 2017=100.
Source: FRED · Jan 2026 · Full lesson → Learn
About the bands. Shaded spans are NBER-dated US recessions, drawn as factual overlays. They mark when the economy contracted, not why. Lining an event up with a move is not evidence it caused the move.
Read across
No single number is the economy. These measure nearby parts of it — add one to compare, or open it on its own.
- Corporate Profits (% of GDP) The profit share of output, the counterpart to labor's share.
- Real Compensation per Hour Pay per hour, after inflation.
- Labor Productivity Output per hour, which labor's share divides.