Initial jobless claims were likely messed by Texas ...Middle East

Claims in that state alone rose to 31,908 from 16,604, meaning that 15.3K of the 28K miss in claims (or more than half) was from Texas alone. There could have been a layoff event there but it's likely to be a one-off as it's by far the largest number since the pandemic. When you factor in seasonal adjustment, the swing is even larger.

h/t @MikeZaccardi

This article was written by Adam Button at investinglive.com.

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