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.

The Department of Labor reported Thursday that first-time claims for unemployment bumped up slightly last week: 226,000 filed new claims, up from 219,000 the week before. And during that week before — ...

Labor productivity growth in the U.S. has been slow, contributing to modest increases in wages and real wages. Pay is ultimately tied to productivity. The government's focus on stimulating consumer ...

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 ...

The Labor Department’s shutdown-delayed report shows third quarter productivity grew at the fastest pace in two years — a 4.9% annualized gain. It’s an economic conundrum: How can the U.S. economy be ...

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 ...