The US economy generated just 114,000 non-farm jobs in July, according to the Labor Department, well below market expectations, which were generally in the region of 170,000.

The unemployment rate rose by 0.2 points to 4.3%, where economists had expected it to remain stable at 4.1%, while the labor force participation rate stood at 62.7%, and average hourly earnings rose at an annual rate of just 3.6%.

In addition, non-farm payrolls for the previous two months were revised, from 218,000 to 216,000 for May and from 206,000 to 179,000 for June, for a total revision balance of -29,000 for these two months.

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