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Nonfarm payrolls increased 223,000 last month, the Labor
Department said. Adding to the report's soft note, April and May
data was revised to show 60,000 fewer jobs were added than
previously reported.
With 432,000 people dropping out of the labor force, the
unemployment rate fell two-tenths of a percentage point to 5.3
percent, the lowest since April 2008.
The labor force participation rate, or the share of working-age
Americans who are employed or at least looking for a job, fell
to 62.6 percent, the weakest since October 1977. The
participation rate had touched a four month high of 62.9 percent
in May.
In addition, average hourly earnings were unchanged, taking the
year-on-year increase to a tepid 2.0 percent.
(Reporting by Lucia Mutikani; Editing by Chizu Nomiyama)
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