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U.S. Economy Adds 223,000 Jobs in June

The U.S. economy showed strength in June, adding 223,000 jobs as the unemployment rate fell to 5.3 percent. Home sales and consumer spending continued to improve from March numbers, but hourly wages remained flat and the labor participation rate fell 0.3 percent. The drop places it at its lowest level since 1977, raising concerns among those who say it is a more accurate indication of economic health than the unemployment rate.