labor productivity

Definitions

Construction

  • A measure of production output relative to labor input. In cost estimating, inverse measures such as work hours/quantity or unit hours are common (where lower values reflect higher productivity or efficiency). Labor productivity (or efficiency) is improved by increasing production for a given work hour or decreasing work hours for a given production.

Economics

  • The value of output per unit of labor input. The reciprocal of the unit labor requirement.
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