Source: U.S. Bureau of Labor Statistics
Release: Productivity and Costs
Labor's share in current dollar output in a given sector is simply the ratio of labor compensation paid in that sector to current dollar output.
For more information, please go to https://www.bls.gov/news.release/pdf/prod2.pdf
Source Indicator PRS32006172
U.S. Bureau of Labor Statistics, Manufacturing, Nondurable Goods Sector: Labor Share for All Workers [PRS32006172], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PRS32006172, March 29, 2023.