Due to the obvious impact of the hurricane, initial jobless claims jumped to 298k from 236k. The only mystery was why the estimate was only 245k. The unadjusted claims spike from Texas was 52k. Continuing claims, delayed by a week and thus pre hurricane, fell by 5k. Bottom line, ex hurricane, we are still seeing a modest pace of firings while the headline figure will certainly be influenced by Houston and soon to be Florida.