US Jobless Claims Drop to Lowest Level Since Mid-April

Data coming in the latest jobless claims. Let's go over to Bloomberg's Mike McCarthy who has the numbers Mike. Well, no help for the we need to cut immediately crowd at the Federal Reserve.Jobless claims come in at 216,000 after revised 222 the prior week suggesting we're still in that low, higher but very low fire environment. We're not seeing people being added to the unemployment rolls at a high rate at all. Fact, they're going out on a continuing claims basis, 1,960,000, that's up slightly from 1,953,00 ...