Federal Reserve Bank of Richmond: "Five Decades of Decline: U.S. Construction Sector Productivity"
August 13, 2025
August 13, 2025
RICHMOND, Virginia, Aug. 13 (TNSLrpt) -- The Federal Reserve Bank of Richmond issued the following economic brief (No. 25-31) in August 2025 entitled "Five Decades of Decline: U.S. Construction Sector Productivity."
Here are excerpts:
* * *
Historically, the U.S. economy has displayed robust, positive productivity growth. According to data from the Bureau of Economic Analysis, labor productivity (that is, real output per worker) has more than trip . . .
Here are excerpts:
* * *
Historically, the U.S. economy has displayed robust, positive productivity growth. According to data from the Bureau of Economic Analysis, labor productivity (that is, real output per worker) has more than trip . . .