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HERE COMES INITIAL JOBLESS CLAIMS...

Sam RoSep 12, 2013, 17:39 IST

bytemarks / FlickrAt 8:30 a.m. ET, the Department of Labor will release its latest report on weekly unemployment insurance claims.

Economists are looking for a reading of 330,000, up from 323,000 during the week prior.

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This is one of the final economic data releases before the Federal Reserve holds its FOMC meeting next week.

"Jobless claims become especially important at times like this," said High Frequency Economics' Jim O'Sullivan."While the precise relationship between claims and net employment growth varies -- the pace of new hiring also matter -- significant ups and downs in the trend in employment growth are invariably reflected in downs and ups in claims; that is the clear mess from our chart below."

HFE