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Here come initial jobless claims...

Elena HolodnyMar 2, 2017, 18:36 IST

Dora Reynolds, who is currently unemployed, sits along a road downtown on October 24, 2016 in East Liverpool, OhioSpencer Platt/Getty Images

The latest read on initial jobless claims will be out at 8:30 a.m. ET.

Economists forecast that claims, which count the number of people who applied for unemployment insurance for the first time in the past week, ticked down slightly to 243,000.

Last week, claims ticked up by more than expected to 244,000. That marked the 103rd consecutive week the reading has been below 300,000.

Initial jobless claims are used as a real-time proxy for the pace of layoffs and the overall health of the labor market since people usually file for benefits soon after they lose their jobs.

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

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