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 73.1%
Jan-2024 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)

View the underlying data on epi.org.