* Productivity rises at fastest pace in six years

* Unemployment insurance claims fall in latest week

* Costco same store sales up 5 percent, beat estimates

* For up-to-the-minute market news, click [STXNEWS/US]

(Updates jobless claims data, changes quote)

By Rodrigo Campos

NEW YORK, Nov 5 (Reuters) - Wall Street was set for a higher open on Thursday as data showed a steep pickup in productivity and a decline in applications for jobless insurance.

Upbeat results from Cisco Systems and a rise in retailers' October same-store sales also boosted equity futures.

U.S. non-farm productivity in the third quarter rose at its fastest pace in six years as companies squeezed more output from a smaller pool of labor, while the number of U.S. workers filing new jobless insurance claims fell more than expected last week to a 10-month low. For details, see [ID:nN05106320]