Last week the 2nd quarter numbers for labor share of national income came out. Labor share ticked up a bit from the previous quarter, but pretty much exactly the same.
There is a graph I use to detect if a recession is imminent. The graph gets updated as the labor share number is revised. Here is the graph produced from FRED.
When the blue line goes below the yellow line, a recession was imminent 7 out of 8 times since 1967. As you can see, a recession was not imminent as of the 2nd quarter 2013.