Here come initial jobless claims...

Reuters/Jason ReedThe latest read on initial jobless claims will be out at 8:30 a.m. ET.

Economists forecast claims, which count the number of people who applied for unemployment insurance for the first time, rose by 4,000 to 240,000.

Last week, claims unexpectedly fell to 236,000.

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.

The four-week moving average came in at 243,500, an increase of 500 from the previous week's unrevised average of 243,000.

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

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