Finance: Initial jobless claims climb more than expected
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, climbed to 240,000.
Last week, claims fell to 234,000 from an upwardly revised 235,000.
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.
You may be interested
Soldier dies, six missing as Boko Haram attacks army baseFlora - May 23, 2019
The Chief of the Army Staff , Lt Gen Tukur Buratai , has promised to provide troops battling Boko Haram…
Electricity generation falls to 2,616MW, six plants idleFlora - May 23, 2019
The nation ’ s electricity generation plunged to 2 , 616. 7 megawatts on Tuesday , a day after heavy…