In the US the weekly Initial claims data will be released at 8:30.  Last week the claims decreased to 356,000 from 378,000 the previous week.  The claims data has been very volatile of late as faulty seasonals wrecked havoc on the figures in January.  Things should start to get back to normal, however.  This week the expectations are for a fall to 345,000.  Although this is still toward the high end of recent data, a more recessionary figure would be closer to 400,000.