Things to Read Today: Jobs Market Continues Fitful Recovery, BP Settles Gulf Spill Claims, and More

The June jobs report confirmed the Fed’s narrative about how U.S. economic expansion is unfolding in 2015, keeping the central bank on track to raise interest rates later this year, barring some new setback, writes WSJ’s Jon Hilsenrath . U.S. employers added a seasonally adjusted 223,000 jobs in June and the unemployment rate fell to 5.3%, the lowest since April 2008. But those gains were offset by flat wages, historically low labor-force participation and downward revisions to the past two months’ job gains. The mixed report illustrated how underlying softness continues to beset the U.S. economy, keeping Fed officials […]