Here come initial jobless claims...

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

Economists forecast that claims rose to 247,000, according to the Bloomberg consensus.

The prior Thursday saw claims drop to 234,000, despite expectations of an increase. Moreover, the four-week moving average came in at the lowest level for the average since November 3, 1973.

Claims have been below 300,000 for 98 straight weeks as of last week’s data.

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

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