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.

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 ...

For the past half century, the United States has experienced a large decline in construction sector productivity. The amount of building projects completed (output) isn’t keeping up with the labor ...

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 ...

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 difficulty is that there is no magic productivity wand,” he wrote. “And cost-cutting via layoffs and wage growth compression is often 'easier' and faster to execute.” U.S ...

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 ...

Labor productivity in the U.S. dropped in the first quarter of this ... and they will see a decline in output if those dry up,” she said. And if lower output leads to lower productivity ...