Here come initial jobless claims…


Reuters/Jason Reed

The latest reading for initial jobless claims will cross the wires at 8:30 a.m. ET.

Economists forecast that claims, which count people applying for unemployment insurance for the first time, ticked up slightly to 256,000.

Last week, claims fell by 4,000 to 254,000.

Claims have been below the 300,000 mark for 93 consecutive weeks as of last Thursday’s reading.

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

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

NOW WATCH: Watch Yellen explain why the Federal Reserve decides to raise rates

Please enable Javascript to watch this video

Tagged In

Comments are closed.