Economy adds 223,000 jobs in June, unemployment falls to 5.3 percent

The U.S. economy added 223,000 jobs as the unemployment rate fell to 5.3 percent in June, the Labor Department reported Thursday.

The monthly jobs report fell just short of analysts' expectations for an increase of 230,000, adjusted for seasonal variation, in net jobs in the month.

Many details of Thursday's report, released a day early because of the Independence Day holiday, represented a disappointment after May's revised 257,000 jobs number.

Revisions to the payroll surveys for May and April subtracted 60,000 reported job gains from those months

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