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.

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 ...

In any process where labor is a significant cost driver, understanding productivity is essential. Labor productivity analysis isn’t just a management buzzword; it’s a practical tool that helps ...

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.