July jobs report: Unemployment down to 7.4 percent

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July jobs report: Unemployment down to 7.4 percent

July jobs report: Unemployment down to 7.4 percent
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July jobs report: Unemployment down to 7.4 percent

by CBSTV Videos 2:18 mins

The Labor Department released the July jobs report and though only 162,000 jobs were added, it did bring unemployment down to 7.4 percent - the lowest rate since December, 2008. CBS News financial analyst Jill Schlesinger talks to the "CBS This Morning" co-hosts about what the numbers mean for you.

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