Phrases with «labour productivity»

Labour productivity refers to the amount of work or output that a worker or group of workers can produce in a given amount of time. It measures how efficiently and effectively workers are able to use their skills, time, and resources to complete tasks or produce goods and services. In simpler terms, it is a measure of how much work can be done by a worker or a team in a set timeframe. Full definition

labour productivity

Sentences with «labour productivity»

The strength of resource production of late partly reflects an improvement in labour productivity in the mining sector, which is to be expected as new productive capacity comes on line. (rba.gov.au)
And the third is that the rate of labour productivity growth in the production of services is lower than that in the production of goods. (rba.gov.au)
In turn, the investment spending increases labour productivity as more equipment boosts worker output per hour. (business.financialpost.com)
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Phrases with «labour productivity»

Sentences with «labour productivity»

See also