A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing an uptick by first-time claims for U.S. unemployment benefits in the week ended September 28th.
The report said initial jobless claims rose to 225,000 last week, an increase of 6,000 from the previous week’s revised level of 219,000.
Economists had expected jobless claims to inch up to 220,000 from the 218,000 originally reported for the previous week.
The bigger than expected rebound came a week after jobless claims fell to their lowest level since hitting 216,000 in the week ended May 18th.
At 10 am ET, the Institute for Supply Management is scheduled to release its report on service sector activity in the month of September.
The ISM’s services PMI is expected to inch up to 51.7 in September after rising to 51.5 in August, with a reading above 50 indicating growth.
The Commerce Department is also due to release its report on new orders for manufactured goods in the month of August at 10 am ET. Factory orders are expected to rise by 0.2 percent in August after surging by 5.0 percent in July.
At 10:40 am ET, Atlanta Federal Reserve President Raphael Bostic is scheduled to deliver the keynote speech at the Opportunity & Inclusive Growth Institute’s annual Research Conference.
The Treasury Department is scheduled to announce the details of this month’s auctions of three-year and ten-year notes and thirty-year bonds at 11 am ET.