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Why this is the one number to watch in the week ahead

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March employment gain expected

If you had to pick one, weekly jobless claims is the most important number to watch in the week ahead, since it should give some important clues about the March jobs report.

Deutsche Bank's chief U.S. economist, Joseph LaVorgna, says he's most interested in that number, in part because it is for the week that is also the survey week for the government's employment report, expected April 4. The monthly jobs report is viewed as key in the Fed's policy deliberations.

LaVorgna expects claims this week of about 325,000, when reported Thursday morning.