Here come initial jobless claims ...

The weekly report on initial jobless claims is set for release at 8:30 am ET.

Expectations are for the report to show that claims totaled 287,000 last week, down slightly from the prior week's 294,000.

The 4-week average of initial claims is currently near a post-crisis low and claims are one of the best real-time readings we have on the health of the labor market.

We'll be back with the live numbers when they drop.