U.S. Labor Share Falls to Record Low of 52.8% in Q2 2026 as Corporate Profits Surge

美国劳工统计局（BLS）最新数据显示，2026年第二季度美国劳动报酬在经济总产出中所占份额降至52.8%，创下自1947年开始统计以来的历史新低。这一数值低于上一季度的53.6%，与屡创新高的企业利润形成了鲜明对比，其中《财富》500强企业2025年的利润总额高达2.1万亿美元。经济学家指出，贫富差距持续扩大的主要原因在于职场自动化加速普及使财富向资本倾斜；与此同时，联邦政府收紧移民政策，导致自2025年1月以来外国出生劳动力减少了110万至140万人。受9月失业率升至4.2%、当月仅新增2.9万个就业岗位的影响，分析人士警告称，K型经济特征正在加剧，未来可能持续面临“无就业增长”的局面。

According to Bureau of Labor Statistics (BLS) data, the U.S. labor share of economic output dropped to 52.8% in the second quarter of 2026, marking its lowest reading since tracking began in 1947. This decline from 53.6% in the prior quarter contrasts sharply with record corporate earnings, including $2.1 trillion for Fortune 500 companies in 2025. Economists attribute the widening gap to accelerating workplace automation shifting wealth toward capital, alongside federal immigration crackdowns that have reduced the foreign-born workforce by 1.1 million to 1.4 million since January 2025. With September unemployment rising to 4.2% and only 29,000 jobs added that month, analysts warn of an intensifying K-shaped economy and persistent jobless growth.