Initial claims data , last week revised from 439,000 to 451,000.... this week's number of 410,000 will be revised next week to what number ? What a joke.....

http://www.businessinsider.com/hostess-bankruptcy-2012-11

Hostess Will Lay Off 15,000 Workers Today

Kim Bhasin | Nov. 21, 2012, 4:15 PM | 1,602 | 24

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U.S. Bankruptcy Judge Robert Drain has approved the motion for Hostess to wind down the company, CNBC reports.

Hostess and the Bakers Union had agreed to mediation yesterday, but talks fell apart, effectively killing the last hope for the company's survival.

18,500 jobs were at stake, 5,000 of which belonged to the Bakers Union — the second-most represented union at Hostess behind the Teamsters.

Hostess will now lay off roughly 15,000 employees today as part of the wind down.

and.....





http://www.businessinsider.com/initial-jobless-claims-november-21-2012-11

Initial Jobless Claims Fall To 410k, But...

Sam Ro | 26 minutes ago | 472 | 1

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Thanks to the Thanksgiving Day holiday, this week's initial jobless claims report is out a day early.

The number fell to 410k, which was right in line with economists' estimates.

Click here for updates >

However, last week's number was revised up to 451k from a previous reading of 439k.

Markets aren't really reacting to this report.  For now, economists expect their estimates and the weekly report will be out of whack due to Hurricane Sandy.

The number is being pushed above the 400k level due to Sandy-related disruptions.

TD Securities' Eric Green expects these effects to linger for another two weeks.  Here's a look at initial claims from Green's latest note.

TD Securities

From the DoL's report:

In the week ending November 17, the advance figure for seasonally adjusted initial claims was 410,000, a decrease of 41,000 from the previous week's revised figure of 451,000. The 4-week moving average was 396,250, an increase of 9,500 from the previous week's revised average of 386,750.

The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending November 10, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 10 was 3,337,000, a decrease of 30,000 from the preceding week's revised level of 3,367,000. The 4-week moving average was 3,285,000, an increase of 19,500 from the preceding week's revised average of 3,265,500.