US stocks edge higher as new data shows millions more jobs lost

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US stocks edged higher on Thursday after jobless claims for the week ended May 16 reached 2.4 million. The Labor Department’s latest data brings the metric’s nine-week total to nearly 39 million. Unemployment filings have now topped the 37 million claims made during the 18-month-long financial crisis. The oil rally pushed onward, with West Texas Intermediate crude rising as much as 3.5%, to $34.66 per barrel. Watch major indexes update live here.

US equities edged higher on Thursday after jobless claims for the week ended May 16 totaled 2.4 million.

The latest data pushes the figure’s

Read more    Source: businessinsider.com

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