[credit provider=”Wikipedia” url=”http://en.wikipedia.org/wiki/File:UnemployedMarch.jpg”]
The weekly initial jobless claims report is always important, given its frequency, but we’ll be especially interested in today’s number.Despite some deterioration of the macro data, this number has actually been improving over the last few weeks, falling under 400K last week.
The current estimate is for 400K exactly for the week ending August 13. This is right getting into the heart of the market chaos, so seeing what happened to this number.
We’ll have it at 8:30 ET.