Construction is a labor-intensive business. Despite tremendous advances in design, coordination, and management technologies, the physical installation of work in the field remains reliant on people.

Labor productivity—output per hour worked—drives long-run economic growth. Business leaders looking beyond the next two years will find that their companies’ fortunes are tied to the economy’s growth ...

Nonfarm productivity increased 1.2% in the last quarter of 2024 from the prior quarter, lagging the +1.8% consensus and slowing from the +2.3% rise in Q3 (revised from +2.2%), according to Bureau of ...

Nonfarm labor productivity rose by 4.9% Q/Q in Q3, unchanged from the preliminary estimate and accelerating from +3.3% in Q2, according to data released by the Bureau of Labor Statistics on Thursday.