Unemployment claims drop to five-year low

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.