Here come initial jobless claims…

Thomson Reuters

People browse booths at a military veterans’ job fair in Carson

The latest read on initial jobless claims will be out at 8:30 a.m. ET.

Economists forecast that claims, which count the number of people who applied for unemployment insurance for the first time, rose to 245,000.

Last week, claims fell by 19,000 to 238,000.

Initial jobless claims are used as a real-time proxy for the pace of layoffs since people usually file for benefits soon after they lose their jobs.

The prior week’s four-week moving average clocked in at 243,000, an uptick of 750 from the previous week’s unrevised average of 242,250.

Refresh this page for updates at 8:30 a.m. ET.

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