Bianca Medici (left), a corporate recruiter for CDM Media, speaks with job applicants during a Chicago job fair in May. The economy added 223,000 jobs in June, and unemployment fell to its lowest rate since 2008. M. Spencer Green/AP hide caption

itoggle caption M. Spencer Green/AP

America's unemployment rate sank to 7.4 percent in July, the Bureau of Labor Statistics says. A hiring sign is seen in a store window in Alexandria, Va. Alex Wong/Getty Images hide caption

itoggle caption Alex Wong/Getty Images