What is failed to be mentioned is that the jobs raportedly gained are only the number of people added to a company's payroll for a particular month. We have actually been adding a hell of a lot more people to our workforce each and every month from those that are now self employed or started their own businesses. That is why the unemployment rate is so low but job creating appears slow.
The government surveys about 400,000 businesses to calculate payroll changes month-to-month and separately polls about 60,000 households to determine the unemployment rate. In July, the two surveys showed divergent results with the household employment rising by 629,000.
http://quote.bloomberg.com/apps/news...17i7w&refer=us