The latest read on intial 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 in the past week, climbed to 240,000.
Last week, claims fell to 234,000 from an upwardly revised 235,000.
Initial jobless claims are used as a real-time proxy for the pace of layoffs and the overall health of the labour market since people usually file for benefits soon after they lose their jobs.
NOW WATCH: People on Twitter are roasting United Airlines after a passenger was forcibly dragged off a plane
Business Insider Emails & Alerts
Site highlights each day to your inbox.