Corporate profits contributed disproportionately to price growth in the COVID-19 economic recovery: Share of NFC price growth accounted for by unit labor costs, non-labor costs, and profits, 2020q2–2022q4 and shares of each between 2007–2019
| 2020q2–2022q4 | Shares, 2007–2019 | |
|---|---|---|
| Unit labor costs | 32.8% | 58.4% |
| Non-labor costs | 32.3% | 28.6% |
| Profits | 34.4% | 13.1% |
Source: Bureau of Economic Analysis (BEA) National Income and Product Accounts (NIPA) data, Table 1.15.