US job creation solid in June, but data shows weaknesses

In a decidedly mixed report on the jobs market, the department said the unemployment rate fell to 5.3 percent, the lowest level since April 2008. Data from the volatile household survey showed the labor force shrank by 432,000 people in the month, largely explaining the 0.2 percentage point fall in the jobless rate. At the same time, job creation numbers for April and May from the more consistent establishment survey were reduced by a total of 60,000 positions.