Workers' share of corporate income hasn't recovered: Share of corporate-sector income received by workers over recent business cycles, 1979–2023
| date | Labor share |
|---|---|
| Jan-1979 | 79.1% |
| Apr-1979 | 79.5% |
| Jul-1979 | 80.3% |
| Oct-1979 | 80.8% |
| Jan-1980 | 81.3% |
| Apr-1980 | 82.8% |
| Jul-1980 | 82.0% |
| Oct-1980 | 80.6% |
| Jan-1981 | 80.4% |
| Apr-1981 | 80.4% |
| Jul-1981 | 79.6% |
| Oct-1981 | 80.5% |
| Jan-1982 | 81.5% |
| Apr-1982 | 80.9% |
| Jul-1982 | 81.0% |
| Oct-1982 | 81.6% |
| Jan-1983 | 81.0% |
| Apr-1983 | 79.9% |
| Jul-1983 | 79.5% |
| Oct-1983 | 79.1% |
| Jan-1984 | 77.8% |
| Apr-1984 | 78.0% |
| Jul-1984 | 78.5% |
| Oct-1984 | 78.4% |
| Jan-1985 | 78.5% |
| Apr-1985 | 78.7% |
| Jul-1985 | 78.4% |
| Oct-1985 | 79.8% |
| Jan-1986 | 80.1% |
| Apr-1986 | 81.0% |
| Jul-1986 | 81.7% |
| Oct-1986 | 82.0% |
| Jan-1987 | 82.0% |
| Apr-1987 | 81.2% |
| Jul-1987 | 80.7% |
| Oct-1987 | 81.2% |
| Jan-1988 | 81.2% |
| Apr-1988 | 81.2% |
| Jul-1988 | 81.1% |
| Oct-1988 | 80.4% |
| Jan-1989 | 80.9% |
| Apr-1989 | 81.1% |
| Jul-1989 | 81.2% |
| Oct-1989 | 82.2% |
| Jan-1990 | 82.1% |
| Apr-1990 | 81.9% |
| Jul-1990 | 82.9% |
| Oct-1990 | 83.4% |
| Jan-1991 | 82.4% |
| Apr-1991 | 82.7% |
| Jul-1991 | 83.1% |
| Oct-1991 | 83.6% |
| Jan-1992 | 83.2% |
| Apr-1992 | 83.3% |
| Jul-1992 | 83.7% |
| Oct-1992 | 83.2% |
| Jan-1993 | 83.6% |
| Apr-1993 | 82.9% |
| Jul-1993 | 82.8% |
| Oct-1993 | 81.6% |
| Jan-1994 | 81.6% |
| Apr-1994 | 81.4% |
| Jul-1994 | 80.8% |
| Oct-1994 | 80.5% |
| Jan-1995 | 80.8% |
| Apr-1995 | 80.5% |
| Jul-1995 | 79.7% |
| Oct-1995 | 79.8% |
| Jan-1996 | 79.3% |
| Apr-1996 | 79.2% |
| Jul-1996 | 79.4% |
| Oct-1996 | 79.5% |
| Jan-1997 | 79.1% |
| Apr-1997 | 79.0% |
| Jul-1997 | 78.4% |
| Oct-1997 | 78.7% |
| Jan-1998 | 79.8% |
| Apr-1998 | 80.1% |
| Jul-1998 | 80.0% |
| Oct-1998 | 80.6% |
| Jan-1999 | 80.4% |
| Apr-1999 | 80.7% |
| Jul-1999 | 81.1% |
| Oct-1999 | 81.5% |
| Jan-2000 | 81.8% |
| Apr-2000 | 82.0% |
| Jul-2000 | 82.5% |
| Oct-2000 | 83.2% |
| Jan-2001 | 83.2% |
| Apr-2001 | 82.9% |
| Jul-2001 | 83.1% |
| Oct-2001 | 84.1% |
| Jan-2002 | 82.3% |
| Apr-2002 | 82.0% |
| Jul-2002 | 81.8% |
| Oct-2002 | 80.8% |
| Jan-2003 | 80.3% |
| Apr-2003 | 80.2% |
| Jul-2003 | 79.8% |
| Oct-2003 | 79.9% |
| Jan-2004 | 78.7% |
| Apr-2004 | 78.6% |
| Jul-2004 | 78.5% |
| Oct-2004 | 78.4% |
| Jan-2005 | 77.1% |
| Apr-2005 | 76.8% |
| Jul-2005 | 76.9% |
| Oct-2005 | 75.7% |
| Jan-2006 | 75.3% |
| Apr-2006 | 75.2% |
| Jul-2006 | 74.6% |
| Oct-2006 | 75.9% |
| Jan-2007 | 77.2% |
| Apr-2007 | 76.7% |
| Jul-2007 | 78.0% |
| Oct-2007 | 79.0% |
| Jan-2008 | 79.5% |
| Apr-2008 | 79.5% |
| Jul-2008 | 79.8% |
| Oct-2008 | 83.6% |
| Jan-2009 | 79.8% |
| Apr-2009 | 79.4% |
| Jul-2009 | 78.4% |
| Oct-2009 | 77.4% |
| Jan-2010 | 76.3% |
| Apr-2010 | 76.8% |
| Jul-2010 | 74.8% |
| Oct-2010 | 74.9% |
| Jan-2011 | 77.1% |
| Apr-2011 | 75.9% |
| Jul-2011 | 76.0% |
| Oct-2011 | 74.2% |
| Jan-2012 | 73.9% |
| Apr-2012 | 74.1% |
| Jul-2012 | 74.4% |
| Oct-2012 | 75.1% |
| Jan-2013 | 74.7% |
| Apr-2013 | 75.0% |
| Jul-2013 | 75.1% |
| Oct-2013 | 74.8% |
| Jan-2014 | 76.0% |
| Apr-2014 | 74.1% |
| Jul-2014 | 73.3% |
| Oct-2014 | 73.7% |
| Jan-2015 | 74.2% |
| Apr-2015 | 74.3% |
| Jul-2015 | 74.9% |
| Oct-2015 | 75.3% |
| Jan-2016 | 74.9% |
| Apr-2016 | 75.4% |
| Jul-2016 | 75.4% |
| Oct-2016 | 75.6% |
| Jan-2017 | 75.9% |
| Apr-2017 | 75.9% |
| Jul-2017 | 76.3% |
| Oct-2017 | 76.1% |
| Jan-2018 | 75.8% |
| Apr-2018 | 75.3% |
| Jul-2018 | 75.2% |
| Oct-2018 | 75.4% |
| Jan-2019 | 76.0% |
| Apr-2019 | 76.1% |
| Jul-2019 | 75.4% |
| Oct-2019 | 75.5% |
| Jan-2020 | 77.8% |
| Apr-2020 | 77.5% |
| Jul-2020 | 73.3% |
| Oct-2020 | 75.6% |
| Jan-2021 | 74.1% |
| Apr-2021 | 72.7% |
| Jul-2021 | 73.6% |
| Oct-2021 | 74.1% |
| Jan-2022 | 74.2% |
| Apr-2022 | 73.0% |
| Jul-2022 | 73.0% |
| Oct-2022 | 72.9% |
| Jan-2023 | 73.6% |
| Apr-2023 | 73.9% |
| Jul-2023 | 73.7% |
| Oct-2023 | 73.2% |
Notes: Shaded areas denote recessions. Federal Reserve banks’ corporate profits were netted out in the calculation of labor share.
Source: EPI analysis of Bureau of Economic Analysis National Income and Product Accounts (Tables 1.14 and 6.16D)