Thursday's report may trigger market volatility

Investors will get a fresh look at the U.S. labor market on Thursday, when jobless claims for the week ended Aug. 3 will be released at 8:30 a.m. ET.

Economists surveyed by Dow Jones are expecting a reading of 240,000 initial jobless claims. That would be a decrease from the 249,000 claims in the prior week.

Jobless claims have been trending higher in recent months, and Thursday’s report could spark market moves given last week’s disappointing July payrolls report.