The report issued by the United States Bureau of Labor Statistics moments ago showed that 187,000 jobs were added in July, compared to the addition of 209,000 jobs in the June reading, before it was revised to 185,000, to come below market expectations that indicated the creation of 205,000 jobs.

On the other hand, the unemployment rate declined to 3.5% from 3.6%, while expectations were stable, coinciding with the stability of the labor force participation rate at 62.6% for the fifth month in a row. The hourly wage rate stabilized in July at 0.4%, the same reading in June, at a monthly pace, and it also stabilized at 4.4% on an annual basis.

In the details of the sectors, the commodity production sector added about 18 thousand jobs, while the construction sector added 19 thousand jobs, and the manufacturing sector lost about two thousand jobs, and the services sector added about 154 thousand jobs.

Canada

From Canada, where the Statistics Canada Department announced a decline in employment in Canada by about 6,000 jobs in July, compared to the addition of about 59,000 jobs in June, while expectations were to add 24,000 jobs.

On the other hand, the unemployment rate rose to 5.5% from 5.4% in June, while expectations were that it would stabilize, to record the third consecutive monthly increase, while the total working hours were almost unchanged in July and rose by 2.1% on an annual basis, while the average hourly wages increased by 5.0% on an annual basis in July after an increase of 4.2% in the June reading.