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September 15, 2026
Labor share—the fraction of economic output that accrues to workers as compensation in exchange for their labor—in the nonfarm business sector was 52.8 percent in the second quarter of 2026, the lowest level ever recorded. (As shown in the chart, these data begin in 1947.) Full Text »
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Private-sector estimates of unemployment in the 1930s and the development of official labor force statistics |