US workers' share of GDP skids to fresh record low *…
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US workers' share of GDP skids to fresh record low
* **Bureau of Labor Statistics reports data for second quarter**
* **Labor share of nominal GDP falls to 52.9% from 53.7% in Q1**
* **Labor share has been falling for decades**
* **BLS also reports stronger-than-expected Q2 productivity growth**
U.S. workers again saw their slice of the U.S. economy slide to a record low in the second quarter amid an ongoing productivity boom that is producing output gains which are outpacing wage growth, the Bureau of Labor Statistics reported on Thursday.
The so-called labor share of nominal gross domestic product, which BLS defines as the percentage of output that accrues to workers in the form of compensation, fell to 52.9% in the second quarter from 53.7% in the first quarter.
That was the lowest since the series began in 1947, BLS said as it reported stronger-than-expected growth in second-quarter productivity https://www.reuters.com/business/us-productivity-rises-faster-than-expected-second-quarter-2026-08-06/ .
The labor share has been falling for decades, driven by forces such as the diminishing breadth and power of organized labor, globalization that shifted relatively high-paying manufacturing jobs to low-cost overseas production centers.
* **Bureau of Labor Statistics reports data for second quarter**
* **Labor share of nominal GDP falls to 52.9% from 53.7% in Q1**
* **Labor share has been falling for decades**
* **BLS also reports stronger-than-expected Q2 productivity growth**
U.S. workers again saw their slice of the U.S. economy slide to a record low in the second quarter amid an ongoing productivity boom that is producing output gains which are outpacing wage growth, the Bureau of Labor Statistics reported on Thursday.
The so-called labor share of nominal gross domestic product, which BLS defines as the percentage of output that accrues to workers in the form of compensation, fell to 52.9% in the second quarter from 53.7% in the first quarter.
That was the lowest since the series began in 1947, BLS said as it reported stronger-than-expected growth in second-quarter productivity https://www.reuters.com/business/us-productivity-rises-faster-than-expected-second-quarter-2026-08-06/ .
The labor share has been falling for decades, driven by forces such as the diminishing breadth and power of organized labor, globalization that shifted relatively high-paying manufacturing jobs to low-cost overseas production centers.
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