The Split
Labor share of nonfarm business income
What is the current The Split?
Labor Share of Nonfarm Business Income: 94.99 as of 2026-Q1, and worsening. Source: BLS via FRED (PRS85006173).
The Split falling to 95
Tracking worsening relative to recent baseline.
How has The Split changed over time?
Most affected counties
Counties with the highest labor scores in the County Distress Index.
Explore all 3,144 counties →| Period | Value | YoY Change |
|---|---|---|
| Q1 2026 | 94.99 | −2.88 |
| Q4 2025 | 95.73 | −1.21 |
| Q3 2025 | 96 | −0.66 |
| Q2 2025 | 96.72 | +0.12 |
| Q1 2025 | 97.87 | +0.99 |
| Q4 2024 | 96.94 | +0.72 |
| Q3 2024 | 96.66 | +0.41 |
| Q2 2024 | 96.6 | −0.11 |
| Q1 2024 | 96.88 | +0.33 |
| Q4 2023 | 96.22 | −0.68 |
| Q3 2023 | 96.25 | −1.91 |
| Q2 2023 | 96.71 | −0.79 |
Frequently Asked Questions
What is Labor Share of Nonfarm Business Income?
Labor share of nonfarm business income
Why does Labor Share of Nonfarm Business Income matter for financial distress?
Labor Share of Nonfarm Business Income is one of the indicators tracked by the American Distress Index (ADI), which measures five dimensions of U.S. household financial distress: Delinquency, Default & Legal, Debt Burden, Labor, and Safety Net & Buffer. Changes in this indicator contribute to the overall distress picture.
Where does the Labor Share of Nonfarm Business Income data come from?
This data comes from BLS via FRED (PRS85006173). More information: https://fred.stlouisfed.org/series/PRS85006173. The American Distress Index updates this indicator quarterly.
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