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Weekly jobless claims 289,000

Thursday, 7 Aug 2014 | 8:30 AM ET

CNBC's Rick Santelli breaks down the latest numbers on unemployment. And CNBC's Steve Liesman provides perspective on the data. What we are seeing is a shift downward in the jobless claims, says Liesman. Also a look at the European Central Bank's policy versus the Federal Reserve and Bank of England.