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Here come initial jobless claims ...

Akin OyedeleOct 1, 2015, 17:35 IST

A man waits in line to enter the NYCHires Job Fair in New York.REUTERS/Shannon Stapleton

The Department of Labor will release the latest weekly data on initial jobless claims at 8:30 a.m. ET.

Economists forecast that the number of first-time claims filed for unemployment insurance totaled 271,000 last week, compared to 267,000 in the prior week, according to Bloomberg.

The four-week moving average fell 750 to 271,750.

In a preview to clients, Nomura economists noted that recent data suggest involuntary layoffs are low, which should bode well for a low claims number.

We'll be back with the latest once the data cross.

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