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Analyst: Initial Jobless Claims Increase Linked to Texas Anomaly

By: theblockbeats.news|2025/09/11 13:42:15

BlockBeats News, September 11th, Mizuho Bank's Jordan Rochester pointed out that the surge in initial jobless claims was mainly driven by Texas. Perhaps this is why the bond market is giving back some of its earlier gains.

“It's hard to get too excited about this surge in claims, don't take it as a long-term trend as it's mainly driven by an anomaly in Texas.” (FXStreet)

The Fed Doubles Down on Rate Cut Bet as Initial Claims Data Underscores Weak Job Market

US Stock Market: Shein Surges 200% in Pre-market Trading