Here come initial jobless claims…

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

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, fell to 240,000.

Last week claims jumped by 13,000 to 248,000, according to the Labor Department.

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.

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