Here come initial jobless claims…

Unemployed jobless ohio
Dora Reynolds, who is currently unemployed, sits along a road downtown on October 24, 2016 in East Liverpool, Ohio Spencer Platt/Getty Images

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, slipped by 1,000 to 243,000.

Last week, claims rose by 2,000 to 244,000.

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.