The so-called 'non-farm payrolls' report – a key indicator of health in the world's largest economy – showed employment rose by 209,000 in July. It was the sixth consecutive month that more than 200,000 jobs have been created – the first time this has happened since 1997.
However, the rise in employment was smaller than expected and the unemployment rate edged up from 6.1pc to 6.2pc as more Americans started looking for work but did not find jobs.
'It is a sign of how far the US economy has come in recent months that the 209,000 increase in non-farm payroll employment in July will probably be viewed as a disappointment in the markets,' said
Analysts said the weaker-than-expected figures will give the US Federal Reserve room to leave interest rates at close to zero well into next year. The Fed this week trimmed its monthly bond-buying programme by another
A separate report showed the US manufacturing sector grew at its fastest pace in more than three years in July – further underlining the strength of the recovery after figures this week showed gross domestic product rose at an annual rate of 4pc in the second quarter.
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