HERE COMES INITIAL JOBLESS CLAIMS...

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pink slip jobless claims fired

TBI

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

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Economists estimate that claims increased to 330,000 from 323,000 a week ago.

"We suspect the 21k decline in jobless claims in the latest week was exaggerated by seasonal factors," said UBS's Sam Coffin. "The last year with a similar calendar to this year was 2008, and at this time in 2008, jobless claims were rising about 20k per week. We expect some downward bias to persist into the upcoming (Thanksgiving) week."

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