Labor productivity is the total output divided by the total number of labor hours. Here’s an example of how to calculate it.

Understanding marginal productivity is essential if you want to maximize the potential of your organization. Is marginal productivity the most fascinating aspect of economics? An increase in marginal ...

Understanding labor productivity per hour is a simple way to find out how productive your workforce is. Let’s look at this important metric and discover how it relates to modern-day productivity. The ...

According to an Australian Productivity Commission report, Australia saw a 4.6% drop in labor productivity between March 2022 and March 2023, the fastest on record.

Between 1970 and 2020, as aggregate productivity for the U.S. economy doubled, labor productivity in the U.S. construction sector declined an average of 1% a year.

Increasing productivity is key to strong businesses. Here’s how some are doing it. Labor productivity has been increasing for more than two years, according to the Labor Department.

How Pre-Fab Solutions Boost Labor Productivity. A look at the use cases and best practices . Sean Nacey. March 18, 2024. 6 min read . Courtesy of Wesco. Imagine hiring a five-star chef and expecting ...

On Monday, my colleague Emma Hinchliffe interviewed San Francisco Federal Reserve President Mary Daly, who said generative AI’s impact on the labor market will depend on what we do with the ...

Productivity increased 2.2% in the third quarter, which is pretty strong by historical standards. But another data point in the report, something called unit labor costs, was revised lower .