⚠️Automatic translation pending review by an economist.
United States: share of corporate profits in GDP (%), an indicator of profit trends

The rise in the cost of capital, the sharp correction in oil prices in 2015, and the increase in unit labor costs, which outpaced productivity growth, have all contributed to reducing the share of US corporate profits in nominal GDP.
After peaking in the first quarter of 2012 at a level not seen since 1950, the share of profits in GDP has fallen by 2.5 percentage points in three years. This indicator is necessary, but not sufficient, to support an increase in the probability of recession in the United States.