The key to economic progress is labor productivity growth—producing more stuff with the same (or fewer) number of workers. Unfortunately, America’s labor productivity growth has been weak for several ...

The construction industry is known for its complex and fluctuating costs. To effectively budget for a construction project, it’s essential to consider all the different labor costs. Here are some ...

The Department of Labor reported Thursday that first-time claims for unemployment bumped up slightly last week: 226,000 filed new claims, up from 219,000 the week before. And during that week before — ...

This story first appeared in TIME's new AI newsletter, In the Loop. You can subscribe here, for free, to get regular scoops like this directly into your email inbox. By how much, if at all, will AI ...

Balancing labor supply and employer demand has major implications for workers, families, communities, companies, and governments. Economists and policymakers think a lot about how to maintain this ...

Nonfarm labor productivity rose 1.5% in Q4 2024, compared with the +1.2% initial estimate and +2.2% in the prior quarter, according to data released by the Bureau of Labor Statistics on Thursday.

Labor productivity rose in the fourth quarter by more than forecast after the strongest advance in five years, adding to evidence that companies are striving for greater efficiency to contain costs.