Job seekers wait to speak to representatives of employers at a job fair at the Jewish Community Center in Manhattan on March 6, 2013 in New York City. - 

The Dow is still in record territory in early trading this morning. The surge comes on the heels of strong jobs data from the Labor Department, which show applications for unemployment benefits have fallen to a 5-year low.

Adolfo Laurenti, deputy chief economist with Mesirow Financial, joins Marketplace Morning host Jeremy Hobson to discuss the U.S. job market and what to make of the political situation in Italy.

Follow Jeremy Hobson at @jeremyhobson