On Job Creation - Not Exactly As It appears

Job Creation, Not what it appears to be.... Concerning job creation, for the month of June, the BLS Establishment survey posted non-farm payrolls growth of 206K, with downward revisions of 54K to May and 57K to April for a net gain of just 95K positions. This was well below the 183K jobs or so that economists had in consensus, been looking for. Most alarming perhaps were government hires that totaled 70K for the month. That's a lot for one month and comes to almost 74% of the net growth in non-farm payrolls. There was one positive, only 59K jobs were attributed to the birth/death model in June. That had been a key driver for growth in non-farm payrolls over the past year or so... accounting for almost 2M reported jobs created over that time that may very well not exist at all. The Household survey showed 116K more employed persons in June than in May, which was a nice increase from May as that month showed a decrease of 408K employed persons. The Household survey also showed an increase of 162K unemployed persons, while 87K persons returned to the labor force. Readers may recall that this past Wednesday, ADP reported private sector job creation of 150K, which was a third consecutive month of decelerating growth for that data-point.