Quarter 1 labor productivity was slightly better than expected and labor costs were slightly higher than expected but still in check with general expectations.  The May Instititute of Supply Management (ISM) Service Sector index came in just shy of expectations but not significantly.  ADP reported that they project non-farm payrolls in the private sector increased 40,000 in May.  The ADP report has not been the most accurate in comparison the the office Non Farm Labor report but if Friday's Non Farm Labor report confirms that the job sector grew in May we will most likely see rates spike on Friday.