U.S. Economy Adds 223,000 Jobs; Unemployment at 5.3%

July 2, 2015 1:36 PM

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U.S. Economy Adds 223,000 Jobs; Unemployment at 5.3%

The economy added a healthy 223,000 jobs last month, the Labor Department reported Thursday, but other indicators, showing wages growing slowly and jobless Americans remaining on the sidelines, painted a grayer picture.

Indeed, while the unemployment rate fell to 5.3 percent, the lowest in seven years, that was driven largely by an exodus of people from the work force, rather than more Americans finding work. Moreover, the strong job gains for April and May, which had led many analysts to predict that the economy w...

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