One of the things that I always find disapointing about announcements like these is that they point out how poorly statistics like the Unemployment rate are measured ...
The economy lost 465,000 jobs but the unemployment rate only increased by 0.1% even though 465,000 jobs represents (far) more than 0.1% of the workforce. What this means is that we have had a remarkably large number of people (300,000+) leave the workforce because the economy is so bad they have no expectations of finding a job.
This is (obviously) done on purpose, which is why they don't publish the participation rate alongside the unemployment rate; and if they included information like the percentage of the workforce who were working part time, the mean and median wage for employees, and employee confidence in their company the economic picture would be far bleaker.
