Public dataset
FRED-hosted BLS labor share, productivity, and real compensation indexes
Federal Reserve Bank of St. Louis
- Rows
- 38
- Years
- 2017-2026
- Accessed
- Aug 13, 2026
Canonical indicator / labor-share-index
Nonfarm business labor share
Worker compensation relative to current-dollar nonfarm business output, published as a 2017=100 index rather than a percentage share.
National economic contextindex, 2017=100Calendar quarter2017-Q1-2026-Q2
2026-Q2 latest
93.5-6.2 from 2017-Q1- Observations
- 38
- 1 bounded entity
- Coverage
- 2017-2026
- 10 observed periods
- Sources
- 1
- Federal Reserve Bank of St. Louis
- Exact pair
- r -0.158
- 38 entity-period matches
Indicator dossierLabor share38 observations / 2017-2026
01 / Measurement contract
Definition before comparison
The unit, universe, period, and source boundary travel with every observation.
What this series measures
Worker compensation relative to current-dollar nonfarm business output, published as a 2017=100 index rather than a percentage share.
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.
- Indicator ID
- labor-share-index
- Unit
- index, 2017=100
- Observation dimension
- Native publication period
- Grouping field
- Evidence system
- Period basis
- Calendar quarter
- Ranking contract
- Compare observed periods within one bounded series
02 / Observed variation
Fiscal-year range and trajectory
2017-Q1-2026-Q2; absent and withheld values do not enter the distribution.
- Minimum
- 93.5
- 25th percentile
- 96.7
- Median
- 99.3
- 75th percentile
- 100.1
- Maximum
- 104.2
Selected interval95.7 to 96.79 observations / 23.7% of the snapshot
Ranked reference rowsindex, 2017=100
- 012020-Q2United States labor share104.2
- 022020-Q4United States labor share102.8
- 032020-Q1United States labor share102.2
- 042019-Q1United States labor share101.3
- 052021-Q3United States labor share100.7
- 062021-Q1United States labor share100.6
- 072021-Q2United States labor share100.4
- 082019-Q2United States labor share100.2
- 372026-Q1United States labor share94.8
- 382026-Q2United States labor share93.5
03 / Coverage and quality
Where the series has evidence
Observed rows are counted explicitly by period, group, verification status, and confidence level.
Period ledger10 observed periods
20171 entity41 source
20181 entity41 source
20191 entity41 source
20201 entity41 source
20211 entity41 source
20221 entity41 source
20231 entity41 source
20241 entity41 source
20251 entity41 source
20261 entity21 source
Evidence stateAll indicator observations
Data status
94.7%Verified / 362.6%Preliminary / 12.6%Revised / 1Confidence
100.0%High / 38Evidence systemLatest bounded snapshot, largest groups first
| Group | Rows | Average | Range |
|---|---|---|---|
| Labor share and compensation | 38 | 98.7 | 93.5 to 104.2 |
04 / Exact paired lens
Labor share and real hourly compensation
Published nonfarm-business labor-share and real-hourly-compensation indexes for the same calendar quarter.
Same entity + same period-0.158Pearson correlation across 38 exact pairs
-1 inverse 0 +1 aligned
- Pairing rule
- Same nonfarm-business productivity account and exact calendar quarter
- Companion indicator
- Real compensation
- Matched current-series rows
- 38 / 38 (100.0%)
- Unpaired current-series rows
- 0; excluded from correlation
Interpretation boundaryThe 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.
05 / Source custody
Evidence behind the series
1 source family, 0 contextual references, and 1 encoded methodology note.
Reusable indicator packetExact rows, stable identifier, and explicit route contract
- Canonical URL
- /indicators/labor-share-index
- Indicator filter
- indicator=labor-share-index
- License
- Antitrust Radar compilation: CC BY 4.0; upstream terms remain in force
Method notes encoded on rowsNo inferred methodology is substituted
- 01
Worker compensation relative to current-dollar nonfarm business output, published as a 2017=100 index rather than a percentage share.
Indicator evidence guardrail
One measure, one contract
This profile documents one bounded indicator at a time. Its ranks, distributions, histories, and paired views remain inside the stated universe, period basis, source, unit, and methodology; they are descriptive research screens, not legal findings or components of a composite score.
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.