Initial Claims Multi-Year Highs

Initial claims posted a multi-year high of 104,548 a surge in weekly NSA claims from 361,800 to 466,348,  the Seasonally adjusted number  from 361K to 439K on expectations of a 375K print. 

Of course Sandy is blamed.

ES Futures seemed to bounce back with a positive divergence after the data came out and the EUR/USD is still holding up.