Even so, the US market has been creating jobs for 43 consecutive months. In this sense, the July record is below the average of the last twelve months, which is 215,000 new jobs.

The US economy generated 114,000 new non-agricultural jobs during the month of July, a figure much lower than the 179,000 created in June, while the unemployment rate rose two tenths, to 4.3%, according to published data this Friday by the Department of Labor.

Thus, although the US labor market has cooled, it has been creating jobs for 43 consecutive months. In this sense, the July record is below the average of the last twelve months, which is 215,000 new jobs.

Hiring expanded, mainly, in health, construction and the transportation and storage sector, while the information sector destroyed jobs.

For its part, it hardly showed any variation in mining; oil and gas extraction; industry; wholesale and retail trade; financial activities; business and professional services; leisure and tourism; and other services.

In addition, Labor has revised downward the May reading by 2,000 jobs, from 218,000 to 216,000, and the June reading by another 27,000, from 206,000 to 179,000. With these modifications, 29,000 jobs have been discounted compared to what was previously reported.

In the case of the unemployment rate, it stood at 4.3% in July, two tenths more than the previous month and eight tenths more than in the same month of 2023. This figure is the highest since November 2021 .

The number of unemployed reached 7,163 million in the seventh month of the year compared to 6,811 million in June, including 1,535 million long-term unemployed (those without work for 27 weeks or more) who represented 21.4% of the total. unemployed.

Afterwards, the number of part-time employees for economic reasons grew by 346,000 people, to 4.566 million. Likewise, the labor force participation rate stood at 62.7%, one tenth more.