WASHINGTON — The number of Americans filing new claims for unemployment benefits dropped for a third straight week last week, the latest indication the labor market recovery was gaining traction.
Other data on Thursday showed a spike in the cost of gasoline pushed up producer prices last month, but the lack of broad price pressures gives the Federal Reserve scope to maintain its very accommodative monetary policy stance even as the job market strengthens.
Duke Energy Corp (DUK)
Annual Shareholders Meeting Call
May 02, 2013 10:00 AM ET
Bill Currens - IR
Jim Rogers - President and CEO
Julie Janson - EVP and CLO
Phil Radford - Greenpeace
By Robert Hemker:Friday morning, I attended the annual shareholder meeting for American Capital (ACAS). The presentation revolved around the year-end results, for the fiscal year ending December 31, 2011 (so that there is no confusion). I will say that my own thoughts are loudly echoed in various articles and posts on Seeking Alpha - particularly in the detailed and on-point analysis by Jaded Consumer.
The pace of growth in the US manufacturing sector quickened unexpectedly in October and construction spending posted a surprise increase, suggesting a sluggish economic recovery may be gaining some traction.