Explore how the One-Third Rule estimates changes in labor productivity from shifts in capital investment, impacting economic ...

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 ...