Figure 4. Labor share, output, and labor compensation before and after recessions, six most recent recessions
Timeline	Labor share (percent)	Output (index = 100 during first quarter of a recession)	Labor compensation (index = 100 during first quarter of a recession)
Number of quarters before recession:
8	62.1	87.6	86.5
7	61.8	89.5	88.0
6	61.8	91.0	89.4
5	62.5	92.4	91.8
4	62.4	94.8	94.1
3	62.3	97.1	96.2
2	62.4	98.3	97.5
Expansion peak	62.7	99.7	99.3
Start of recession	62.9	100.0	100.0
Recession trough	62.4	101.4	100.6
Start of expansion	61.9	103.5	101.9
Number of quarters after recession:
2	61.4	106.4	103.8
3	61.2	108.2	105.3
4	61.1	110.8	107.6
5	61.1	112.5	109.2
6	61.2	114.0	111.0
7	61.3	116.0	113.0
8	61.1	117.9	114.4
Source: U.S. Bureau of Labor Statistics.