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Indicator observatory

Exact relationship builder

Indicator comparison lab

Compare two measures while keeping their entities, periods, units, and source populations visible. A visual association does not establish causation.

Declared indicator relationship network15 exact pairing contracts span source-backed series across markets, industries, geographies, business dynamism, and merger activity.0117021703180467905510651073,1040810209114101151138123813920149201510
Active planeLabor share x real compensation38 exact pairs · r -0.16
Relationship planes15declared contracts
Exact pairs6,194entity-period matches
Domains6bounded universes
Imputation0missing sides filled
Comparable hereExact pairs, within-contract ranks, coverage, and descriptive association.
Never inferred hereCausation, legal market findings, forward-filled values, or a national composite score.
Read method

Comparison controls

Build an exact paired slice

Evidence scopeAll source records
Exact pairing ruleSame nonfarm-business productivity account and exact calendar quarterAll paired periods · labor-share-index evidence

Paired visualization

Labor share and real hourly compensation

38 exact pairs in this slice
Exact pairs
38
all plotted
Correlation
-0.16
Limited negative association
0.03
descriptive linear fit
Evidence
36
verified on both sides

Paired comparison cohort

0 / 5 entities · fixed 38-pair benchmark

Select a point, then add it or its nearest exact-pair peers.

The cohort changes the overlay and exact export only. Full-slice medians, correlation, quadrants, and coverage remain fixed.

United States labor share; 2017-Q1; Labor share 99.7; Real compensation 99.2United States labor share; 2017-Q2; Labor share 100.1; Real compensation 99.6United States labor share; 2017-Q3; Labor share 100.1; Real compensation 100.5United States labor share; 2017-Q4; Labor share 100.1; Real compensation 101.0United States labor share; 2018-Q1; Labor share 99.8; Real compensation 100.8United States labor share; 2018-Q2; Labor share 99.6; Real compensation 100.7United States labor share; 2018-Q3; Labor share 99.9; Real compensation 101.3United States labor share; 2018-Q4; Labor share 100.1; Real compensation 101.2United States labor share; 2019-Q1; Labor share 101.3; Real compensation 103.4United States labor share; 2019-Q2; Labor share 100.2; Real compensation 102.6United States labor share; 2019-Q3; Labor share 98.9; Real compensation 102.3United States labor share; 2019-Q4; Labor share 99.6; Real compensation 103.3United States labor share; 2020-Q1; Labor share 102.2; Real compensation 105.4United States labor share; 2020-Q3; Labor share 100.0; Real compensation 109.6United States labor share; 2020-Q4; Labor share 102.8; Real compensation 111.6United States labor share; 2021-Q1; Labor share 100.6; Real compensation 110.6United States labor share; 2021-Q2; Labor share 100.4; Real compensation 110.2United States labor share; 2021-Q3; Labor share 100.7; Real compensation 109.9United States labor share; 2021-Q4; Labor share 99.6; Real compensation 109.1United States labor share; 2022-Q1; Labor share 99.1; Real compensation 107.3United States labor share; 2022-Q2; Labor share 97.5; Real compensation 104.9United States labor share; 2022-Q3; Labor share 98.2; Real compensation 105.4United States labor share; 2022-Q4; Labor share 96.9; Real compensation 104.4United States labor share; 2023-Q1; Labor share 96.6; Real compensation 104.3United States labor share; 2023-Q2; Labor share 96.7; Real compensation 105.2United States labor share; 2023-Q3; Labor share 96.3; Real compensation 105.9United States labor share; 2023-Q4; Labor share 96.2; Real compensation 106.5United States labor share; 2024-Q1; Labor share 96.9; Real compensation 107.0United States labor share; 2024-Q2; Labor share 96.6; Real compensation 107.6United States labor share; 2024-Q3; Labor share 96.7; Real compensation 108.5United States labor share; 2024-Q4; Labor share 96.9; Real compensation 108.8United States labor share; 2025-Q1; Labor share 97.9; Real compensation 109.5United States labor share; 2025-Q2; Labor share 96.7; Real compensation 109.3United States labor share; 2025-Q3; Labor share 96.0; Real compensation 110.2United States labor share; 2025-Q4; Labor share 95.7; Real compensation 110.5United States labor share; 2026-Q1; Labor share 94.8; Real compensation 110.1United States labor share; 2026-Q2; Labor share 93.5; Real compensation 109.2United States labor share; 2020-Q2; Labor share 104.2; Real compensation 112.6
Selected exact pairUnited States labor shareUS-LABOR-SHARE · 2020-Q2 · Labor share and compensation
Labor share
104.2
Verified · High
Real compensation
112.6
Verified · High
Median positionAt or above both slice medians
X source
fred-bls-labor-share-productivity-2026-q2
Y source
fred-bls-labor-share-productivity-2026-q2
Research handoff3 canonical profiles
Open context map

Coverage diagnostics

What entered the plane, and what did not

Pairing coverage is reported separately for each indicator denominator. A matched row is not evidence that either source covers the full underlying economy.

Labor share100.0%38 matched of 38
Real compensation100.0%38 matched of 38

The National Economic Context Observatory places exact source observations on one dated workspace, but it does not merge their units, frequencies, universes, seasonal-adjustment conventions, or release calendars. Monthly, quarterly, calendar-year, and fiscal-year signals keep independent scales. Missing periods are not interpolated or carried forward. These descriptive accounts do not establish concentration, profits, markups, employer power, a legal antitrust market, policy effectiveness, welfare effects, or causation, and they are never combined into a composite score. Both values are 2017=100 indexes; neither is a profit share, markup, or causal estimate.

Higher / higher7
Higher X / lower Y12
Lower X / higher Y12
Lower / lower7

Quadrants use this filtered slice's medians: 99.3 and 106.2.

Slice ledgers

Period and group structure

Counts and correlations stay inside exact paired rows. Small groups may be too thin for a stable descriptive association.

Reusable comparison packet

Carry the exact contract into analysis

The endpoint returns every matched row in the filtered slice, both observation identifiers, both source routes, evidence status, confidence, entity, group, and period.

This lab compares only declared same-entity, same-period pairs. Missing sides are excluded rather than imputed, correlation remains descriptive, and unlike universes are never combined into a composite market-power score.

Relationship directory

15 declared planes, no arbitrary joins

Each route names both measures and its exact pairing rule. Select a plane to rebuild the lab around that bounded universe.