WASHINGTON — U.S. employers added jobs at a solid pace in June, and the unemployment rate fell to 5.3 percent, a seven-year low.
The economy gained 223,000 jobs last month, and the unemployment rate fell from 5.5 percent in May, the Labor Department said Thursday. But the rate fell mainly because many people out of work gave up on their job searches and were no longer counted as unemployed.
Read Friday’s Arkansas Democrat-Gazette for full details.