I thought there was some number fudging going on for a while now with the BLS.. but this takes the cake. From ZeroHedge
Happy by the headline establishment survey print of 133,245 which says that the US "added" 163,000 jobs in July from 133,082 last month? Consider this: the number was based on a non seasonally adjusted July number of 132,868. This was a 1.248 million drop from the June print. So how did the smoothing work out to make a real plunge into an "adjusted" rise? Simple: the BLS "added" 377K jobs for seasonal purposes. This was the largest seasonal addition in the past decade for a July NFP print in the past decade, possibly ever, as the first chart below shows. But wait, there's more: the Birth Death adjustment, which adds to the NSA Print to get to the final number, was +52k. How does this compare to July 2011? It is about 1000% higher: the last B/D adjustment was a tiny +5K! In other words, of the 163,000 jobs "added", 429,000 was based on purely statistical fudging.
The publish jobs report is minimally impacted by the 9,000 gov jobs loss and more of a statistical crapshoot on a) how many folks left the job market, b) the actual size of the job market itself, c) the number of seasonal adjustments, and the under-reporting of part-time folks in need of a full-time job.
It doesn't help that the unemployment rate is based on a phone survey that doesn't include cellphones (aka young people).