Afternoon Coffee: Worker Productivity Drops as Labor Costs Rise

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US worker productivity fell 1.9% and labor costs grew 5% during the first quarter of 2015, according to the Labor Department.

US gasoline stockpiles grew last week, pushing oil prices up today by 0.8% or 48 cents to $60.88 a barrel.

The National Highway Traffic Safety Administration has launched an investigation in the Chrysler recall repair. Regulators will determine if the recall repair related to electrical issues in Jeep and Dodge SUVs was effective, due to 8 reports saying fires occurred in vehicles after they were supposedly fixed.

As wearables become more popular, some say OEMs and suppliers continue to lack common supply chain standards that will allow the devices to interact with one another.

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