Jobless claims - 8:40AM &

Jobless claims - full report here. In the week ending May 30, the advance figure for seasonally adjusted initial claims was 621,000, a decrease of 4,000 from the previous week's revised figure of 625,000. The 4-week moving average was 631,250, an increase of 4,000 from the previous week's revised average of 627,250. The advance seasonally adjusted insured unemployment rate was 5.0 percent for the week ending May 23, unchanged from the prior week's revised rate of 5.0 percent. The advance number for seasonally adjusted insured unemployment during the week ending May 23 was 6,735,000, a decrease of 15,000 from the preceding week's revised level of 6,750,000. The 4-week moving average was 6,687,500, an increase of 88,750 from the preceding week's revised average of 6,598,750. The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.184 million.

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Productivity and costs - full report here. PRODUCTIVITY AND COSTS First Quarter 2009, Revised The Bureau of Labor Statistics of the U.S. Department of Labor today reported revised productivity data--as measured by output per hour of all persons--for the first quarter of 2009. The revised seasonally adjusted annual rates of productivity change in the first quarter were: 1.8 percent in the business sector and 1.6 percent in the nonfarm business sector. In both sectors, the first-quarter productivity gains were greater than the preliminary estimates reported on May 7, due solely to revisions to output growth. In manufacturing, the revised productivity changes in the first quarter were: -2.7 percent in manufacturing, -10.4 percent in durable goods manufacturing, and 1.9 percent in nondurable goods manufacturing. Manufacturing productivity in the first quarter of 2009 fell at a slower rate than was reported on May 7. Output and hours in manufacturing, which includes about 11 percent of U.S. business- sector employment, tend to vary more from quarter to quarter than data for the aggregate business and nonfarm business sectors. First-quarter measures are summarized in table A and appear in detail in tables 1 through 5.