The report issued by the US Bureau of Labor Statistics moments ago showed that 209,000 jobs were added in June, compared to the addition of 339,000 jobs in the May reading, which came below market expectations that indicated the creation of 224,000 jobs.

On the other hand, the unemployment rate declined to 3.6% from 3.7%, matching expectations, coinciding with the stability of the labor force participation rate to 62.6% for the fourth month in a row.

The hourly wage rate rose in June to 0.4% from 0.3% in the May reading, revised to 0.4% at a monthly pace, while it rose to 4.4% on an annual basis, compared to 4.3% in May.

In the details of the sectors, the commodity production sector added about 29 thousand jobs, while the construction sector added 23 thousand jobs, and the manufacturing sector added about seven thousand jobs, and the services sector added about 120 thousand jobs.

Canada

From Canada, where the Statistics Canada Department announced that the Canadian economy added 60,000 jobs in June, an increase of 0.3%, compared to the loss of about 17,000 jobs in May, while expectations were to add 19,000 jobs.

On the other hand, the unemployment rate rose to 5.4% from 5.2% in May, when it was expected to rise to 5.3%, while the total working hours were almost unchanged in June, while they rose by 2% on an annual basis, and the average hourly wages increased by 4.2% on an annual basis in June after an increase of 5.1% in the May reading.