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HERE COMES INITIAL JOBLESS CLAIMS...

Oct 31, 2013, 17:41 IST

TBI

At 8:30 a.m. ET, the Labor Department will publish its latest weekly tally of initial unemployment claims.

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Economists think claims fell to 338,000 from 350,000 a week ago.

"As the partial federal government shutdown ended in the third week of October, we anticipate few if any additional claims from non-federal workers and contractors," said Citi's Peter D'Antonio. "Claims may still be at the mercy of the California backlogs, which have plagued the data since early September - inflating the four-week moving average."

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