Sentences with phrase «labor productivity»

"Labor productivity" refers to how efficient and effective workers are in using their time and skills to produce goods or deliver services. It measures how much output or value is generated per unit of labor. Full definition
Measuring labor productivity in manufacturing is relatively easy, because the output and its value is easily measured.
Even a one percent rise in literacy skill scores can increase labor productivity by as much as 2.5 percent, boosting output by as much as $ 225 billion.
By retaining employees, call centers avoid frequent hiring costs and develop a more experienced workforce, which improves labor productivity and the customer experience.
Much of the increase of labor productivity has been based on substituting fossil - fuel energy for human work.
The high level of service is labor intensive, and may reduce measured labor productivity.
Along these lines, the weak labor productivity report released last week may raise questions about whether and to what extent productivity will rise over the coming year in response to fiscal expansion.
The authors link these higher wages to higher labor productivity and a shift toward higher paid occupations — both reflections of the superior skills and training of the region's workforce.
His research explores the impact of global warming on the economy, including labor productivity, mortality rate, and agriculture yields, among other economic factors.
Instead of raising labor productivity and living standards, it is a purely mathematical dynamic that governments can not rescue in the end.
It may also have increased technological change and thus labor productivity, although that is far more difficult to prove.
In contrast, labor productivity over the same period has shot up 44 %.
Prepared monthly financial updates and submitted weekly labor productivity reports.
In addition to taking advantage of the transportation advantage of in - country manufacture, the project sought to improve labor productivity and reduce the manufacturing time by 35 percent.
When labor was scarce and raw materials and sinks for pollution were large, it made sense to concentrate on increasing labor productivity.
His research explores the impact of global warming on the economy, including labor productivity, mortality rate, and agriculture yields, among other economic factors.
The explanation for the disparate growth rates can partially be traced to uninspiring labor productivity growth.
Improved labor productivity by implementing standard labor hours and tracking efficiency percentages for 2,000 open jobs.
Because of the size of Germany, and those allied with them in the Eurozone, the Euro is a hard currency, harder than many cultures / nations with lower labor productivity would like.
Nonfarm business sector labor productivity increased 0.7 percent during the first quarter of 2018, as output increased 2.8 percent and hours worked increased 2.1 percent.
The explanation for the disparate growth rates can be partially traced to uninspiring labor productivity growth.
Examples include greater likelihood of injury, disease, and death due to more intense heat waves and fires; increased likelihood of under - nutrition resulting from diminished food production in poor regions; risks from lost work capacity and reduced labor productivity in vulnerable populations; and increased risks from food - and water - borne diseases.
In the Climate Impact Lab integrated framework (piloted in Houser et al., 2015, for the United States), probabilistic physical projections are combined with models of human - relevant responses in areas such as labor productivity, temperature - related mortality, migration, civil conflict, and coastal storm damage.
A sign of this is the frequent mismatches between labor productivity and the test scores presented in Hanushek's Figure 1 (see p. 15).
Declining labor productivity has caused more Appalachian coal mine closures and employment losses than has low natural gas prices or electricity demand.
Review project cost incurred to date by cost type and forecasting future costs on labor productivity, materials / equipment price increases, subcontracts, wage rates, risk and other related factors.
Second, while the health care industry accounts for a large part of the U.S. economy, labor productivity within the space has been declining by 0.6 percent annually for the last two decades.
And the Council of Economic Advisers announced that policies such as work flexibility «lead to higher labor force participation, greater labor productivity and work engagement, and better allocation of talent across the economy.»
An undeveloped legal system, sluggish bureaucracy and poor labor productivity have deterred foreign investment and frustrated many Saudi economic plans in the past.
In the United States, Federal Reserve Chairman Alan Greenspan explained triumphantly to Congress in 1997 that what was so remarkable since 1980 was that labor productivity rose by about 83 percent, but real wages didn't rise.
Without high - tech startups driving innovation and economic efficiency, the United States should experience less labor productivity.
They are separated by culture, language (which impedes labor mobility, resulting in semipermanent labor productivity disparity between countries — think Greece and Germany),...
The report said labor productivity climbed by 0.7 percent in the first quarter after rising by 0.3 percent in the fourth quarter.
Also, releases of factory orders figures for March and the first estimate of Q1 labor productivity should be no less interesting.
Revised Q3 data show labor productivity among nonfarm firms rose 3.0 % annualized in the quarter and unit labor costs fell 1.5 %.
«Manufacturing sector labor productivity fell 4.4 percent in the third quarter of 2017, as output decreased 1.1 percent and hours worked increased 3.5 percent,» the Bureau of Labor Statistics said in a Dec. 6 press release.
Special diets and allergen - free foods were estimated to cost $ 1.7 billion annually, while annual lost labor productivity so caregivers could accompany their children to medical visits was $ 773 million, according to the results.
Whereas 23 years in 40 countries provides a relatively large data set, it does not exclude other possible explanations, such as violent crime increasing with temperature rise, a drop in farm labor productivity or population growth.
Indeed, the same calculation for C. App labor productivity tells the same story.
Either the quality of education in the United States is being mismeasured, or education quality is not as important for labor productivity as Hanushek makes it out to be.
Thus Eric Hanushek's emphasis on education as key to labor productivity seems not altogether consistent with recent experience.
For example, users will be able to see the costs of infrastructure damage due to storms and sea - level rise along their coastline, the link between temperatures and public health in the urban area where they live, the drop in labor productivity because of extreme heat, and the need for new crop rotations on their farm to mitigate damage from droughts or flooding.
Create employees satisfaction surveys, and interview each Department manager to help company identify and measure Labor productivity ratio
The Congressional Budget Office (CBO) estimates that during the 1950 — 1973 period, the labor force grew 1.6 % per year, while labor productivity grew at a strong 2.4 % rate, resulting in overall potential growth of 4 % annually.
The most obvious example is the United States itself, which has the highest labor productivity in the world.
The government acknowledged last year that the slowdown was a result of domestic economic vulnerabilities, such as low labor productivity, and not just a weak global economy, as it had earlier asserted.
Risks from lost work capacity and reduced labor productivity in vulnerable populations also increase, as well as increased risks from vector -, food -, and water - borne diseases.
It has already automated sorting and distribution at a number of its busiest facilities — which the company said has improved labor productivity by 20 % — and plans to fully automate all work at its 30 largest US hubs by 2020.
There are places that had prosperity for a time because an industry grew large, and then that industry went into decline, or at least, increased labor productivity reduced employment in that industry.
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