The report issued by the United States Bureau of Labor Statistics a moment ago showed that 528 thousand jobs were added in July, compared to the addition of 398 thousand jobs in the revised reading for the month of June, to come in better than the market expectations that indicated the creation of jobs estimated at 250 thousand jobs.

On the other hand, unemployment rates fell to 3.5%, compared to 3.6% in June, while expectations indicated a decline to its stability at 3.6%, coinciding with the decline in labor force participation rates to 61.2%.

Average hourly wages rose in July to 0.5% at a monthly pace from 0.3%, while it rose to 5.2% on an annual basis, compared to 5.1% in June.

In the details of the sectors, the commodity production sector added about 69 thousand jobs, while the construction sector added 32 thousand jobs, the manufacturing sector added about 30 thousand jobs, and the services sector added about 402 thousand jobs.

The US dollar recorded gains of more than 1% after the numbers were announced, as the positive numbers support the US Federal Reserve’s continuation of tightening monetary policy and ignoring the fears of economic recession temporarily, as the general index of the US dollar is heading to close the week with gains of more than 0.90%, and it is now trading at 106 levels.