A Different World

Unemployment rate falls to 5.3 percent as 223,000 jobs created in June

The unemployment rate fell a little more than forecast, to 5.3 percent from 5.5 percent, and the economy produced 223,000 jobs in June, extending the country’s longest streak of monthly private sector job growth in history.

The overall number is good - and shows continued growth in the economy - but not everything in the report was.

Wages were flat in June, and the jobs number from the prior two months were revised down a bit.

Read more about that here.

Economists such as Justin Wolfers says “the recovery just keeps motoring along.”

Follow more of his reaction on Twitter here.

Check out the Wall Street Journal’s blog for more reaction.