Nonfarm business productivity grew at just a 0.3% annualized rate in the first quarter, down from an initial estimate of 0.8%

Nonfarm business productivity grew at just a 0.3% annualized rate in the first quarter, down from an initial estimate of 0.8%

US initial jobless claims jumped to 225,000, a four-month high, while Q1 productivity was revised down to 0.3%. Here's what it means for markets.