The Department of Labour will publish its weekly report on initial jobless claims at 8:30 a.m. ET.
Economists forecast that the number of first-time filings for unemployment insurance fell by 10,000 this week to 265,000, according to Bloomberg. It would be the 95th week with claims under the 300,000 level.
Initial claims provide a reading of the labour market’s health and the pace of layoffs.
The four-week average of continued claims, which evens out volatility and covers people who are not filing for the first time, is near the lowest level in a decade.