Profit markups spiked during COVID-19 economic recovery: Profits per unit of output divided by unit labor and unit nonlabor costs in the NFC, 2017–2022
| Profits after tax with IVA and CCAdj | Markup, post-tax |
|---|---|
| 2017-01-01 | 11.96% |
| 2017-04-01 | 11.97% |
| 2017-07-01 | 11.43% |
| 2017-10-01 | 11.70% |
| 2018-01-01 | 12.33% |
| 2018-04-01 | 12.32% |
| 2018-07-01 | 13.02% |
| 2018-10-01 | 13.32% |
| 2019-01-01 | 12.01% |
| 2019-04-01 | 12.29% |
| 2019-07-01 | 12.69% |
| 2019-10-01 | 12.93% |
| 2020-01-01 | 11.86% |
| 2020-04-01 | 11.79% |
| 2020-07-01 | 15.72% |
| 2020-10-01 | 13.41% |
| 2021-01-01 | 15.12% |
| 2021-04-01 | 16.68% |
| 2021-07-01 | 16.05% |
| 2021-10-01 | 15.26% |
| 2022-01-01 | 14.22% |
| 2022-04-01 | 15.31% |
| 2022-07-01 | 15.39% |
| 2022-10-01 | 15.09% |
Source: Bureau of Economic Analysis (BEA) National Income and Product Accounts (NIPA) data, Table 1.15.