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Dora Reynolds, who is currently unemployed, sits along a road downtown on October 24, 2016 in East Liverpool, Ohio
The 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 for the first time, dipped to 245,000.
Last week, claims unexpectedly rose to 248,000.
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.