The Official Jobs Report

In some ways, Friday's official unemployment report wasn't as dire as the ADP report on Wednesday, which had the economy shedding private-sector 10,000 jobs in August. The Labor Department report had private employers adding 67,000 jobs in August, although that was offset by a loss of over 100,000 public-sector jobs, most of them Census-related.

At the same time, there were two other numbers buried underneath the overall employment report that don't bode well for the recovery:

* The number of involuntary part-time workers - people who want full-time work but can only find part-time jobs - increased by 331,000 in August. The number of workers in this category is now 8.9 million.

* The number of discouraged workers - those who have given up looking for a job - is now at 1.1 million, or 352,000 more than it had been a year earlier.