New jobs in the USA in July totaled 114,000, according to new figures from the US Department of Labor. The agricultural sector is not included in the figures.
Unemployment in July simultaneously rose to 4.3 percent, compared to 4.1 percent the previous month.
The number of new jobs was significantly lower than expected and can be compared to analysts' average forecast of 175,000 jobs, according to Bloomberg's compilation.
It can also be compared to 179,000 new jobs in June, according to revised figures.
The average hourly wage increased by 0.2 percent in July compared to the previous month, which was lower than expected. In June, the increase was 0.3 percent.
The annual wage increase in July fell to 3.6 percent, compared to revised 3.8 percent in June.
The cool labor market, combined with unexpectedly low activity in industry and some slowdown in the tech sector, has created concern about the state of the American economy.
The central bank, the Federal Reserve, has signaled that a first interest rate cut is likely in September. However, investors now fear that the Fed may have had its foot on the brake for too long to curb inflation and should have eased earlier.
