In the first quarter of 2023, productivity dropped 2.7 percent and 0.9 percent year-over-year. This could continue for a few more quarters as the U.S. heads into a slowdown and possibly a ...

In contrast to many other sectors of the economy, the construction sector in the US has experienced a dramatic decline in productivity in recent decades, find Chicago Booth’s Austan D.

Labor productivity slowed in 2022, according to the U.S. Bureau of Labor Statistics ... lost in the first half of the year. After a 7.4% decline in Q1, productivity in the second quarter dropped ...

The weakness in productivity, if sustained ... revenue to offset his promised tax cuts and to revive a long-declining U.S. industrial base. Economists say it is only a matter of time before ...

WASHINGTON, May 8 (Reuters) - U.S. worker productivity dropped in ... Economists polled by Reuters had forecast productivity declining at a 0.7% pace following a previously reported 1.5% growth ...

U.S. labor productivity fell in the first quarter ... data from the Bureau of Labor Statistics showed Thursday. Because of the decline in productivity, unit labor costs—what businesses pay ...