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Published on Thursday, July 2, 2015 | Updated on Thursday, July 2, 2015

U.S. | Unemployment Hits 5.3% but Wages Hold Flat

Nonfarm payrolls increased 223K in June following downward revisions to April and May. The unemployment rate declined to 5.3% alongside a drop in labor force participation. Fed will continue to monitor wage growth as a key factor in timing the first rate hike