In it, but not of it. TPM DC
In other words, job growth is too anemic to keep up with government job losses and the regular growth of the labor force, leaving a greater percentage of workers without jobs.
Bloomberg also projects that U.S. economic growth is continuing to slow.
While the news is horrendous for American workers, it's also tough, politically, for Democrats. As the recovery has stalled, President Obama's approval rating has sunk, and the enthusiasm gap separating energized Republican voters and lethargic Democratic voters has opened up. In recent weeks it had showed signs of narrowing, as voters turned their attentions to November. But the Friday report could blunt that progress.