Bloomberg reports that:
An increase in June payrolls followed smaller gains in the prior two months and wages were little changed as U.S. job market reflected a more moderate pace of economic growth.
The addition of 223,000 new jobs in June was less than the 233,000 thousand that had been expected and:
Revisions to prior reports subtracted a total of 60,000 jobs from payrolls in the previous two months.
Also the unemployment rate fell to 5.3% from 5.5% and
… is the lowest since April 2008.
But that decrease reflected fewer people in the labor force with:
The participation rate, which indicates the share of the working-age people in the labor force, [falling] to 62.6 percent, the lowest since October 1977, from 62.9 percent.