U.S. Adds 223,000 New Jobs, Unemployment Rate Drops and Labor Force Shrinks

The U.S. economy added 223,000 jobs in June, all of them created by the private sector and almost none of them by the nation’s goods producers. Unemployment fell to 5.3 percent. This morning’s jobs report from the U.S. Labor Department was below the 233,000 consensus estimates of labor economists, but not so much…