Is this seasonal because of summer?
Yes, however the +70k backward revisions for April and May combined were potent. We are solidly on track for a Fed Sept 2013 LSAP taper.
What happens when the numbers are revised lower next month? The numbers are almost never right. Unemployment is 7.6 percent still. STILL. 5 years into recovery.
Sorry, What is LSAP?
Just fo completeness, out of 195,000 jobs created, 75,000 were in Leisure and Hospitality. Within Leisure and Hospitality 52,000 were in Food Services and Drinking?