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Five Decades of Decline: U.S. Construction Sector Productivity, No. 25-31

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Five Decades of Decline: U.S. Construction Sector Productivity, No. 25-31

DATE: August 2025

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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 tripled over the period 1948-2023. Moreover, this positive trend is visible in almost every broad sector of the U.S. economy.

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Yeh, Chen. "Five Decades of Decline: U.S. Construction Sector Productivity, No. 25-31," Economic Brief (August 2025). https://fraser.stlouisfed.org/title/6034/item/690900, accessed on November 25, 2025.

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