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 ...

Over short time periods, such as a few quarters or a couple of years, productivity correlates very strongly with gross domestic product. Total output drives the market opportunity of companies. Total ...