The Trading Floor

[Arctec]

ECON 101

CANADIAN Data Today: No Scheduled Releases.

U.S. Data Today: Big day for economic releases. Look for Jobless Claims in the week ending May 29 to come in at 337,000. Consensus estimates look for Nonfarm Productivity to growing at a 3.5 percent rate in the first quarter. At the same time, Unit Labor Costs are likely to rise 0.4 percent. The outlook for April Factory Orders is less favorable, consensus is forecasting 1.0 percent drop for the month. Expect the ISM non-manufacturing survey to fall several points in May to reach 66.0 percent.